KAITO Token Rockets 40% in Single Day—What’s Fueling the Frenzy?

Another day, another crypto moonshot—KAITO token defies market gravity with a blistering 40% surge. Traders pile in as whispers of an upcoming CEX listing hit Telegram channels, proving yet again that nothing pumps a coin faster than unconfirmed rumors and hopium.

Behind the spike: On-chain data shows a single whale accumulating 12% of circulating supply before the rally. Classic ’buy the rumor’ behavior—whether they’ll ’sell the news’ remains to be seen. Meanwhile, retail FOMO kicks in as the token flips its 200-day moving average.

Let’s be real: In a market where dog-themed memecoins regularly outperform ’serious’ projects, KAITO’s surge barely raises eyebrows. But for bagholders riding this wave? Just remember—what goes up 40% in a day can drop 60% by lunchtime tomorrow.

Kaito price analysis

On the 4-hour USDT chart, KAITO broke out above a descending parallel channel yesterday, a move that suggests the downtrend might be over and bulls are taking charge.

Before this, KAITO had already broken out of a multi-week descending trendline, adding to the bullish momentum.

The buying pressure is also showing up in the indicators: the Chaikin Money Flow has climbed to 0.21, signaling stronger demand, while the Aroon Up is at a high 97.86% and the Aroon Down is all the way at 0%, showing buyers are clearly dominating.

With this setup, KAITO might be on track to retest the $1.50 psychological resistance it hit back in March, that’s roughly 32% higher than where it’s trading right now.

However, market commentators remain optimistic that the rally could extend even further, potentially reaching $1.75, thanks to a rounded bottom pattern showing up on the 1-day chart, a major bullish reversal sign in technical analysis.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.