KAITO Breaks Free: Price Skyrockets as Funding Rate Stabilizes
After teetering on the edge of liquidation chaos, KAITO’s funding rate finally cools off—and traders are piling back in like it’s a bull market buffet.
No more danger zone. The crypto’s price action just got a shot of adrenaline, leaving skeptics scrambling to explain the rally (or quietly FOMO-ing in).
Funny how quickly sentiment flips when the numbers start printing green. Just another day in the casino—sorry, ’decentralized finance ecosystem.’
Kaito funding rate | Source: Coinglass
A positive funding rate is a sign that investors anticipate that the Kaito price will be higher in the future than it is today.
Kaito price technical analysis
The eight-hour chart shows that the Kaito token price made a strong bullish breakout on Wednesday. It moved above the important resistance level at $2.1267, the upper side of the forming bullish flag chart pattern. A bullish flag is a popular continuation sign.
It has moved above the 50-period moving average and the 61.8% Fibonacci Retracement level. It is also being supported by the Supertrend indicator, a sign that the bulls are in control.
Therefore, the path of the least resistance for the Kaito price is bullish, with the next point to watch being the all-time high of $2.92, up by 32% above the current level. A MOVE below the support at $2 will invalidate the bullish view.
