KITE/USDT is consolidating inside a descending parallel channel / bull flag on the 1H chart after a strong impulsive move from roughly $0.118 to $0.140. The pullback remains relatively controlled, with price continuing to respect the boundaries of the descending channel rather than fully reversing the previous move.
Price is currently trading near the upper part of the flag around $0.131–$0.133. A confirmed breakout and hold above the descending resistance could validate the bullish continuation setup and open the way toward the $0.155–$0.158 measured target area.
A rejection from the upper boundary would keep price inside the flag, while a breakdown below the lower channel support around $0.126–$0.127 would weaken the bullish continuation scenario.
