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KITE/USDT 24-hour News Highlights: AI Payment Chain Consolidating
The crypto market is fluctuating, with the KITE/USDT (Kite AI Payment Blockchain) trading pair recording significant volatility yesterday, becoming the focus of the AI sector. As of December 5th, the KITE price is reported at 0.0988 USDT, down 1.89%, with a 24-hour trading volume reaching 163 million USD, a decrease of 43.6% compared to the previous day, reflecting accelerated fund rotation.
Despite short-term pressure, KITE's market cap remains at 176th place, reaching 178 million USD, with a weekly increase of 14.8%, still outperforming the market's 7.8%.
The platform is buzzing about this move, with Kryll_ai posting that "KITE data supports analysts' optimism, AI payments may trigger the next wave," gaining 4.1K views.
In another positive development, Pancakeswap Infinity pool has added KITE/USDT liquidity, with 24-hour trading volume soaring to 17.9 million USD, and the price briefly touching a high of 0.1781 USDT.
Technically, the RSI has dropped to 45, indicating oversold conditions, with support at 0.0929 USDT.
TradingView analysts point out that on the 15-minute chart, KITE has broken below MA50, with selling pressure dominating, but if it holds the low of 0.0889, it may rebound to 0.1028.
Looking ahead, KITE's advantages in AI infrastructure may help it reverse, but the risk of BTC dominance rising should be monitored. Investors should keep an eye on the Q4 payment report, weighing volatility against opportunities.
$KITE
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