Wait, is $KITE ‌ finally losing its breath or just teasing the late sellers?


Looking at the 1D chart, it’s been a crazy moon mission since February, but we’re seeing some serious rejection around that 0.32 level. That long wick at the top is a classic "not today" sign from the bears.
Right now, it’s sitting at 0.2760. Volume is still decent at 81M, but that -13% drop today shows the momentum is shifting. If it can't hold this 0.27 area, we might see a quick slide back to the 0.24 support where the previous consolidation happened.
The order book is slightly heavy on the ask side (52%), so there's definitely some sell pressure building up here. I’m staying patient. I want to see if this candle closes green to hunt for a bounce, otherwise, it’s just catching a falling knife.
What are you guys doing? Bagging more or jumping ship?

#GateFebruaryTransparencyReport
KITE-0,96%
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