KAITO Price Prediction: Relief Pump Tests Downtrend As Buyers Chase Short Covering

• KAITO breaks above short-term support, but the broader downtrend remains intact.
• Intraday spike shows signs of short covering rather than sustained accumulation.
• Heavy resistance near $0.62–$0.67 could cap the rally if momentum fades.

KAITO price today trades near $0.61 after a sharp intraday surge that pushed the token more than 25% higher within hours. The move follows a prolonged downtrend and places buyers and sellers in a tight standoff as price presses into overhead resistance left by months of distribution.

Sellers Lose Grip As Short Term Momentum Flips

The daily chart shows KAITO breaking higher from the lower boundary of a descending channel that has guided price lower since October. The bounce originated near the $0.49 to $0.50 base, a zone that has repeatedly attracted dip buyers over the past month.

…

Read The Full Article KAITO Price Prediction: Relief Pump Tests Downtrend As Buyers Chase Short Covering On Coin Edition.