KITE token surged 14%, holding above key support levels at the time of writing. A bullish head-and-shoulders pattern could push the price toward $0.164, representing a 21% gain, and potentially to $0.198 if momentum remains strong. The MFI indicator stands at 79.65, approaching the overbought threshold of 80, while the ADX confirms the strength of the current trend. However, a positive netflow of $291,000 into exchanges over three days suggests traders are positioning for profit-taking, which could weigh on the price. A consolidation around current levels or a breakdown would invalidate the bullish pattern.
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