:
$KITE is approaching a decision zone on the 1H chart ⚠️
Right now price is around 0.296 and riding above the short-term MA7 (yellow line). The recent move from 0.246 shows a strong recovery, and price has been printing higher lows with steady bullish candles, which signals short-term bullish momentum.
However, the key trigger is the MA7 reaction.
If the current or next 1H candle closes below the MA7, it would signal weakening momentum. In that case, a short-term pullback toward 0.275 becomes likely, with deeper support sitting around 0.260. That area aligns with previous consolidation and could act as a demand zone.
On the bullish side, the market needs a clean breakout above 0.302. That level acts as the immediate resistance. If price pushes above it with strong candle bodies and volume, continuation toward 0.31 → 0.32 → 0.33 becomes realistic, with 0.35 as the extended move if momentum accelerates.
One thing to keep in mind — even in a bullish scenario, retests are normal. A pullback toward 0.27–0.26 would still be healthy if the overall structure remains intact.
So the simple view:
Below MA7 → short-term correction toward 0.275–0.260.
Break above 0.302 → bullish continuation toward 0.31+.
The next 1 or 2 hourly candles will decide direction.
#CryptoMarketsDipSlightly
Right now price is around 0.296 and riding above the short-term MA7 (yellow line). The recent move from 0.246 shows a strong recovery, and price has been printing higher lows with steady bullish candles, which signals short-term bullish momentum.
However, the key trigger is the MA7 reaction.
If the current or next 1H candle closes below the MA7, it would signal weakening momentum. In that case, a short-term pullback toward 0.275 becomes likely, with deeper support sitting around 0.260. That area aligns with previous consolidation and could act as a demand zone.
On the bullish side, the market needs a clean breakout above 0.302. That level acts as the immediate resistance. If price pushes above it with strong candle bodies and volume, continuation toward 0.31 → 0.32 → 0.33 becomes realistic, with 0.35 as the extended move if momentum accelerates.
One thing to keep in mind — even in a bullish scenario, retests are normal. A pullback toward 0.27–0.26 would still be healthy if the overall structure remains intact.
So the simple view:
Below MA7 → short-term correction toward 0.275–0.260.
Break above 0.302 → bullish continuation toward 0.31+.
The next 1 or 2 hourly candles will decide direction.
#CryptoMarketsDipSlightly
