An exchange listing just did for $KAIA what the whole market couldn't manage all week. 🚀
Upbit opened KAIA trading today, Oct 9, across three pairs, and the token ran 40.31% in 24 hours on $24M of volume. Bitcoin is up 0.56% over the same window with ETH and SOL both red, so this is a coin moving on its own fuel, not with the tide.
The 7d change is +45.26%, which means nearly the entire weekly gain landed in the last day. Price is $0.0536, roughly the middle of a $0.0361-$0.068 range, so the listing spike already tagged $0.068 and handed a good chunk of it back.
Funding sits at -0.239%, one of the most negative on the board. Shorts are paying heavily to fade the pop, which either squeezes them higher or confirms the fade once the first wave of listing buyers is done. ⚡
A 40% day is already extended, and chasing a listing candle carries real risk of buying the top of a one-off event.
I'm watching $0.0361, the 24h low, as a reference rather than a target: a retest that holds would say new buyers stuck around, while a break would mean $KAIA gave the whole listing move back.
#KAIA #ExchangeListing #FundingRates
Upbit opened KAIA trading today, Oct 9, across three pairs, and the token ran 40.31% in 24 hours on $24M of volume. Bitcoin is up 0.56% over the same window with ETH and SOL both red, so this is a coin moving on its own fuel, not with the tide.
The 7d change is +45.26%, which means nearly the entire weekly gain landed in the last day. Price is $0.0536, roughly the middle of a $0.0361-$0.068 range, so the listing spike already tagged $0.068 and handed a good chunk of it back.
Funding sits at -0.239%, one of the most negative on the board. Shorts are paying heavily to fade the pop, which either squeezes them higher or confirms the fade once the first wave of listing buyers is done. ⚡
A 40% day is already extended, and chasing a listing candle carries real risk of buying the top of a one-off event.
I'm watching $0.0361, the 24h low, as a reference rather than a target: a retest that holds would say new buyers stuck around, while a break would mean $KAIA gave the whole listing move back.
#KAIA #ExchangeListing #FundingRates