KAITO (KAITOUSDT) Price to Further Bounce up to Level $2.124

KAITO (KAITOUSDT) Price Forecast: May 17

Today, the KAITOUSDT price may further bounce up to a $2.124 level as the coin buyers remain firm and hold a recovery opportunity with a bullish reversal pattern. However, the potential breakout from the immediate resistance of $1.962 will give additional confirmation for bullish recovery, if the bulls could increase their efforts in the market. Due to this, the accelerated buying pressure may increase the coin price to the $2.124 upper resistance level as the coin price continues to grow in the evolving crypto market.

Key Levels:
Resistance Levels: $1.961, $1.962, $1.963
Support Levels: $0.802, $0.801, $0.800

KAITO (USDT) Long-term Trend: Bullish (4H)

Despite the inflows from the sell traders, the KAITOUSDT price remains bullish and may bounce up to the upper channel on its higher time frame. The prices are above the supply levels, indicating an uptrend.
The crypto price remains firm above the supply levels in its recent high due to an increasing order flow from the bulls.

Today’s KAITO 4-hourly bullish candle at the $1.962 supply value above the moving average-50 confirms the bulls’ dominance in the market, and might further bounce to the $1.980 previous high amid an ascending bullish pattern, growing confidence among investors in an uptrend market.

In addition, the price of KAITOUSDT remains up, indicating that the token price might bounce up further if the bulls could push harder. In light of this, the coin price might surge to reach the $2.124 upper resistance level and beyond in the near days in its higher time frame.

KAITO (USDT) Medium-term Trend: Bullish (1H )

On the 1-hour chart, prices of KAITOUSDT remain bullish above the moving averages and have confirmed a bullish momentum, breaking the previous high.
The sustained bullish pressure to a $1.915 high in the last session has added to the crypto’s bullishness in its recent high.

In the 4-hourly time frame chart, the KAITO price showed a silent recovery under the influence of a rising trend line at $1.962 value above the EMA-50.

A retest of the dynamic resistance trend line at a $2.000 previous high mark could replenish the bullish momentum in the crypto price and invalidate any bearish correction. Investors buying at this supply can expect sustained growth above the $2.124 price level.

Furthermore, the daily stochastic signals an uptrend. If the bulls could push harder and sustain the KAITOUSDT price above the $2.000 resistance value, the resulting rally may further bounce up to hit the $2.124 upper resistance level in the days ahead in its medium-term perspective.

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