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$KAITO
The KAITO/USDT pair has just recorded a strong breakout, increasing +5.33% to 0.4683 USDT.
• Trend & Indicator: After creating a short-term bottom at 0.4435, the price has reversed and turned into a bullish structure. MA5 (0.4626), MA10 (0.4579) and MA20 (0.4539) are sloping up and crossing long-term MA lines (MA60, MA120), confirming the golden cross signal (Golden Cross) to promote short-term increase.
• Price and Volume: The large marubozu green candle with a sudden trading volume (VOL) confirms that a large cash flow has participated in pushing the price. The price reached a 24-hour peak at 0.4748 before a slight profit-taking pressure appeared to create the current red candle.
Comment: The momentum is gaining great dominance. If the price stays above the support area of the MA120 line (around 0.4585), KAITO's next target will be to retest the peak area of 0.4750 and move towards the higher mark. However, investors should be careful with the technical adjustment pace after the double increase.
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