KAITO price has surged 20% as it prints a second leg up as bullish momentum builds – is another 100% move on horizon?
Kaito (KAITO) price is up 20% in the past 24 hours, currently trading at $2.19 with trading volume picking up 50%.
The surge comes as the price appears to be printing another leg up after clustering in a tight range between $1.70 and $1.90 for about a week. That clustering followed a sharp rally between May 6 and May 10, during which KAITO surged from an opening price of $0.79 on May 6 to close at $1.98, marking an approximately 150% gain in just four days.
With today’s surge, KAITO is now testing a key resistance area — the same zone where the price stalled after breaking down from its ATH of $2.90 on Feb. 27. It’s currently trading just about 25% below ATH and seems to be approaching the $2.50 level — which represents the wick highs from the post-ATH breakdown zone.
A clean break above $2.50 would likely pave the way for a retest of the $2.90 ATH. Given that the previous upward leg saw a gain of over 100%, a move toward this level seems very likely provided momentum keeps building at the same rate.
The RSI currently at 69, nearing overbought territory. The MACD remains in bullish territory with the MACD line still comfortably above the signal line, although a tapering histogram suggests a slight deceleration in momentum. However, volume has been more or less consistent since the May 7 breakout.
On the development side, KaitoAI recently updated its Kaito Pro Mobile Beta. The new features include direct access to Token Mindshare heatmaps, insights on top gainers and losers, and an upgraded metasearch function that allows users to search any token’s mindshare across platforms.
In addition to these updates, Kaito’s Yapper community has been going strong thanks to the Yapper Launchpad. This platform allows community members to vote on which pre-token generation event projects should get into Yapper Leaderboard, with voting power determined by the number of Yaps and Smart Followers a user has.
Kaito also launched the Rewards Station as part of its Kaito Earn platform, which enables users to discover rewards tied to Yapper Leaderboards, with weekly payouts distributing $5,000 in sKAITO tokens to the top 50 Yappers and top 50 Emerging Yappers.
