$KITE : Is a Major Breakout Finally Coming..?
$KITE is approaching a critical point on the 3D chart. After months of lower highs, price is now compressing between a rising support trendline and a descending resistance trendline. This creates a clear triangle structure, and the market is getting closer to a major decision. Buyers are defending the lower zone, but the descending resistance remains the biggest obstacle.
Bullish Scenario: If KITE breaks above the descending trendline and holds above $0.12718, the next important resistance levels are $0.15801 and $0.23885. A strong breakout with volume could open the door for a much larger recovery toward $0.32273.
Bearish Scenario:If price loses the rising support trendline and breaks below the $0.09â$0.10 region, the current structure could fail. Buyers may lose control, leading to another downside move and a possible retest of previous lows. Until a confirmed breakout happens, both scenarios remain on the table.
#Crypto #CryptoTrading #LEO524
$KITE is approaching a critical point on the 3D chart. After months of lower highs, price is now compressing between a rising support trendline and a descending resistance trendline. This creates a clear triangle structure, and the market is getting closer to a major decision. Buyers are defending the lower zone, but the descending resistance remains the biggest obstacle.
Bullish Scenario: If KITE breaks above the descending trendline and holds above $0.12718, the next important resistance levels are $0.15801 and $0.23885. A strong breakout with volume could open the door for a much larger recovery toward $0.32273.
Bearish Scenario:If price loses the rising support trendline and breaks below the $0.09â$0.10 region, the current structure could fail. Buyers may lose control, leading to another downside move and a possible retest of previous lows. Until a confirmed breakout happens, both scenarios remain on the table.
#Crypto #CryptoTrading #LEO524
