Kaia’s Japan Blockchain Association Membership Sparks Bullish Rally—Can Gains Hold?
Crypto's latest power move: Kaia just secured a seat at Japan's Blockchain Association table. Bulls are charging—again.
Why it matters: Japan's regulatory embrace could mean smoother sailing for Kaia's ecosystem. Or just another bureaucratic speed bump dressed as progress.
The playbook: Traders are piling in, betting this institutional nod outweighs Asia's crypto skepticism. Meanwhile, traditional finance guys still think 'blockchain' is a type of ski lift.
Bottom line: When a crypto project joins Japan's elite club, it's either the start of something big—or just really good PR. Place your bets.
Kaia strengthens the base in Asia
Kaia joins the Japan Blockchain Association, scaling the real-world adoption of blockchain in the Japanese market as it aims to boost businesses with its mini-decentralized apps (dApps). The JBA is the rebranded successor to the Japan Authority of Digital Assets (JADA), with a member list that includes Hitachi, Napa Solutions, Invesco, and other notable companies.
The layer-1 blockchain also announced the launch of Kaia Chain, which offers multiple Decentralized Finance (DeFi) services, dApps, portfolio services, and more, increasing the utility.
Earlier this month, Kaia’s chairman, Sangmin Seo, announced plans to integrate a Korean Won-pegged stablecoin, similar to a US dollar-pegged stablecoin (USDT).
Kaia Price Forecast: Key resistance breakout eyes further gains
Kaia extends upside and recovers above $0.1900 on Friday, reaching a four-month high of $0.1965 at the time of writing, resulting in an over 25% surge so far this week. The recovery run breaks above the 23.6% Fibonacci retracement, drawn from the all-time high of $0.4250 to the all-time low at $0.080, at $0.1614.
The breakout increases the possibility that Kaia’s uptrend could reach the 50% Fibonacci level at $0.2525, last tested on January 18.
The Supertrend indicator flashes a new bullish trend in motion with the new baseline at $0.14 on the daily chart. Furthermore, the Moving Average Convergence/Divergence (MACD) indicator trends higher alongside its signal line, signaling a boost in bullish momentum.
KAIA/USDT daily price chart.
On the contrary, if Kaia drops below $0.1614, it could test the Supertrend indicator’s baseline at $0.14. A new bearish trend could extend the decline towards the $0.1000 psychological level.
