Upbit’s listing sent $KAIA straight to a yearly high, but now it’s down 6.8% in 24 hours?
The spike right after the news broke was driven by sentiment and heavy volume. Now it’s nowhere to be seen among the trending topics, and interest has faded faster than expected.
A lot of buyers who chased the rally are underwater, and short-term selling pressure hasn’t fully played out. Don’t bet on a direction without fresh money coming in.
Don’t rush to buy the dip today. Wait for volume to stabilize above 0.055 before considering it. For the medium term, watch for it to hold above the 0.065 breakout level; if it doesn’t, expect more sideways action.
Do you think this pullback after the spike is a shakeout, or has the hype faded and it’s headed lower? Comment 1 if you’re bullish, 2 if you’re bearish.
#Write2Earn #BinanceSquare #KAIA Altcoin #TradingTournament
The spike right after the news broke was driven by sentiment and heavy volume. Now it’s nowhere to be seen among the trending topics, and interest has faded faster than expected.
A lot of buyers who chased the rally are underwater, and short-term selling pressure hasn’t fully played out. Don’t bet on a direction without fresh money coming in.
Don’t rush to buy the dip today. Wait for volume to stabilize above 0.055 before considering it. For the medium term, watch for it to hold above the 0.065 breakout level; if it doesn’t, expect more sideways action.
Do you think this pullback after the spike is a shakeout, or has the hype faded and it’s headed lower? Comment 1 if you’re bullish, 2 if you’re bearish.
#Write2Earn #BinanceSquare #KAIA Altcoin #TradingTournament