KAITO Coin: Trading Volume and New All Time High (ATH) Target

Bittime - KAITO Coin, as part of the Kaito AI ecosystem, has attracted great attention since its launch. Trading volume, which initially reached $3 billion, has now fallen dramatically to $580 million. 

Even so, KAITO's price has increased 7% in the last 24 hours, indicating strong buying pressure from investors.

On February 20, KAITO Coin was officially launched and immediately attracted market attention. The airdrop, which amounted to almost 20% of the total token supply, also influenced price volatility. After experiencing initial selling pressure, demand for KAITO Coin has now increased again.

Decrease in KAITO Coin Volume

After reaching a temporary high of $2 on February 21, KAITO Coin's trading volume began to decline significantly. The volume, which was previously at $3 billion, is now below $580 million, indicating a decline in trading activity.

Read also: KAITO Coin Price Prediction: Could it Hit $3?

From a technical perspective, the decline in volume that occurred simultaneously with the increase in price could be a sign of potential correction. 

However, with a 7% increase in price in the last 24 hours, there is a possibility of a recovery in volume that could bring KAITO Coin back to the $2 price level.

KAITO Volume | Credit: Santiment

KAITO Price Towards New Highest Levels

Technical analysis of the 2-hour chart shows a positive indication of KAITO Coin's price movement. The Bull Bear Power (BBP) indicator shows a green bar, signaling bull dominance in the market. This could signal that KAITO Coin's price has the potential for further increase.

In addition, the Relative Strength Index (RSI) indicator is above the neutral line of 50.00, indicating an increasingly strong bullish momentum. If this trend continues, the KAITO price could reach the 0.236 Fibonacci level, with a price target in the $2 range.

KAITO Coin All Time High (ATH) Target

KAITO/USD 2-Hour Chart | Credit: TradingView

If demand for KAITO Coin continues to increase, there is a good chance that the price will reach $2.25, which will be a new all-time high (ATH). However, there is also an important resistance level at $1.84 that needs to be broken to ensure the continuation of the uptrend.

Read also: KAITO Coin: Airdrop Allocation, Utility, and Function

On the other hand, if KAITO Coin fails to break through this resistance and trading volume continues to decline, then the price could fall back to around $1.42. Therefore, traders and investors need to carefully observe market movements in the next few days.

Conclusion

KAITO Coin shows high volatility with significant changes in trading volume and price. Although the volume has dropped dramatically, the bullish trend is still looking strong.

If this momentum continues, the target price of $2 to $2.25 can be reached in the near future. However, if selling pressure increases, the price could correct to lower levels.

Investors need to remain vigilant and keep up with the latest developments regarding Kaito AI and KAITO prices to make the right decisions in this digital asset market.

FAQ

What is KAITO Coin?

KAITO Coin is a digital token used in the Kaito AI ecosystem, an artificial intelligence (AI) based platform that focuses on data analysis and financial information search.

What affects KAITO's price?

The price of KAITO is influenced by factors such as trading volume, market demand, investor sentiment, and technological developments and adoption in the Kaito AI ecosystem.

Can KAITO reach a new All Time High (ATH)?

KAITO's potential to reach a new ATH depends on increased trading volume, wider adoption in the AI-crypto industry, and overall crypto market conditions.

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Reference

ccn.com, KAITO Sees $3B Volume Decline as Bulls Try to Maintain Upward Trend , accessed February 25, 2025.

Author: AWW