🚨
$KITE JUST DODGED A BULLET.
Hackers tried to drain
$KITE on Ethereum mainnet. The Kite Foundation caught the attack, paused transfers immediately, and NO FUNDS WERE LOST . In a summer full of hacks, this speed is massive.
That said,
$KITE is down 67% from its March ATH and currently trades around $0.09-$0.10 .
The Flipside? Kite is still the #1 narrative—AI agent infrastructure. The token has held up better than peers through the chaos . The real question is whether this defense proves its security to the market.
Key levels for your radar:
· Resistance: $0.25 – breaking this opens the door to the upside .
· Support: $0.16 – losing this could send us to $0.10 .
The team handled the attack well, but long-term dilution (only ~18% circulating) is a lingering risk .
📊 My Take:
In my opinion, this could be happening because the market is currently going through a period of uncertainty and volatility.
But that’s just my view 👀
💬 What do you think? Do you agree, or do you see the market differently? Share your thoughts in the comments below! 👇
#KİTE #KiteCoin #CryptoNews🚀🔥 #Altcoins👀🚀 #CryptoAnalysis