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KAITO Explodes Past $1 as Trading Volume Fivefolds: Rally to Continue?

16h ago
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KAITO Explodes Past $1 as Trading Volume Fivefolds: Rally to Continue?

KAITO, the native token of the AI-powered InfoFi network, has risen over 65% in the past 24 hours, breaking through the critical $1 psychological barrier and touching a new local high of $1.42.

At the time of writing, KAITO is trading at $1.3360, with a daily trading volume of $577.63 million, marking a staggering 650% increase in the past 24 hours.

Meanwhile, derivatives interest has ballooned even further, with futures open interest jumping to a two-month high of $184 million, up from just $37.7 million a month ago, according to CoinGlass.

Derivatives volume soared 1391% to hit $2.4 billion, indicating a sharp rise in speculative activity and bullish positioning.

Why is KAITO Soaring?

The current rally appears to be catalyzed by the recent integration of Huma Finance’s Yapper leaderboard into the Kaito ecosystem ahead of its upcoming Token Generation Event (TGE).

The leaderboard incentivizes “yappers,” users who actively engage with crypto content on X, with token rewards and ecosystem perks.

Momentum was already building after Kaito founder Yu Hu announced on May 5 the launch of the “Earn and Drop” campaign, with the first collaboration featuring PayFi Network’s BOOP.

The campaign coincided with a significant analytics update, as Kaito added Total Value Distributed data to its Dune Analytics dashboard, enhancing transparency around token incentives and ecosystem activity.

Data from Dune reveals that over $72.3 million in rewards have already been distributed across the Kaito ecosystem to yappers, stakers, and hodlers, excluding the upcoming KAITO airdrop.

The project now boasts more than 200,000 monthly active users, solidifying its position as a rapidly expanding Web3 social platform.

Technical Analysis: Overheated Yet Bullish

Technically, KAITO is showing classic signs of a breakout rally. As per the chart below, the Relative Strength Index (RSI) on the 4-hour chart currently sits at 89.95, indicating extremely overbought territory.

Such readings usually precede short-term corrections or consolidations, though they also reflect powerful bullish momentum.

On the other hand, the MACD shows a strong bullish crossover, with the MACD line sharply above the signal line and expanding green histogram bars, confirming sustained upside pressure.

KAITO 4H Chart with RSI and MACD | Source: TradingView

KAITO 4H Chart with RSI and MACD | Source: TradingView

Fibonacci analysis shows the rally hit the 1.618 extension level at $1.42, which may act as short-term resistance. A breakout beyond this could open the door to targets around $1.60–$1.70, while support lies at $1.15 and $1.00.

KAITO Explodes Past $1 as Trading Volume Fivefolds: Rally to Continue?

16h ago
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bearish:

0

Share
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