KAITO (KAITOUSDT) Price Will Keep Rising

KAITO (KAITOUSDT) Price Forecast: May 8

KAITOUSD hints at a potential bullish breakout and will keep rising, targeting $1.389 amid market volatility and whale accumulation. The crypto is recovering and facing the upper channel. Thus, if the coin closes above a $1.389 high mark, the accelerated buying pressure may increase the coin price to reach the $1.400 upper resistance level, and a potential buy signal.

Key Levels:
Resistance Levels: $1.180, $1.190, $1.200
Support Levels: $0.802, $0.801, $0.800

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

The long-term market value of the KAITOUSD pair will keep rising as it continues moving in a bullish direction, as seen from the chart below. The coin price trades in the upper channel of the market and confirms a bullish trend, due to the high impact of the buy investors.
The bulls’ pressure to a $0.939 high point in the last session has enabled the crypto’s price to initiate another uptrend above the resistance level in its recent high.

At the time, the KAITO price finds a reliable resistance at $1.170 value above the moving averages as the 4-hourly session begins today, resulting in intraday gains. This will prolong the upward rally and fuel the release of more buyers into the market.

The crypto price has shown a steady ascending trend recently and will keep rising, following a broader market recovery. Therefore, if the bulls add more pressure to their buying motives, the coin price might swing above the $1.389 previous barrier, indicating high conviction from buyers.

As of now, the price signal is pointing upwards, indicating a bullish move, and in this case, the price of KAITOUSD might keep rising to hit the $1.400 supply mark sooner in its long-term outlook.

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

Analyzing the chart below, KAITOUSDT is in a bullish market zone. The token price is above the EMA-50, making higher highs and moving towards the upper resistance area.
The sustained bullish pressure at the $0.926 level has enabled the buy investors to retain their strength.

An increase to a $1.170 high level above the EMA-50 approaching the overhead resistance on the medium-term chart today, indicates that the buying traders are actively buying for bullish expansion at this level.

Hence, staying above the supply levels indicates a strong possibility for a bullish correction. Therefore, a strong break above the $1.292 resistance point would strengthen the bullish pressure.

Further, continuation to the upside is likely as the price indicator projects an upward move, implying that the KAITO price will keep rising and the pattern might hit the $1.400 resistance trend line soon, resulting in a potential buy signal in its medium-term view.

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