Main meals
- The open interest of keto jumped by 88.96 % to 139.64 million dollars, which reflects the increasing interest in Altcoin.
- The upscale sizes that most merchants expect more prices for prices.
- Technical indicators indicate a 4 -hour graph that $ Kaito may develop an upper reflection pattern.
The price of Kaito (KAITO) increased by 26 %, supported by Upbit, adding to its increasing presence in the main central stock exchanges. Unlike the same week when launch, Kaito Token is part of the best winners today. In the past 24 hours, the price reached $ 1.81 with the maximum market for more than $ 435 million.
Kaito purchasing increased pressure
Kaito has reached the highest level ever at $ 2.92, a day after the project’s symbols to qualified customers. In the past 24 hours, the total open interest (OI) increased by 89 % to about 140 million dollars.
The total open interest (OI) is the value of all open situations in the contract. Since every trade includes a buyer and seller, OI 50/50 is always divided between phase and short pants.
It rises or decreases depending on the net open position. It does not mean increasing prices besides OI’s increase that there is more length of short pants; Instead, it indicates that buyers are more aggressive, which is a positive indication.
Market fluctuation and momentum ascending
In the time frame for 4 hours, Kaito creates a double bottom pattern at $ 1.55, an important upper reflection pattern. The price is bounced from the 1.55 dollars support zone, indicating that the bulls are fighting to defend low levels. However, Altcoin has severe resistance at $ 2.028 referred to by the main indicators.
A break above $ 2.028 may start in a march of about $ 2.50 and $ 2.92.
The main indicators that support price increase
The KAITO price scheme is the highest low levels and less than its lowest levels, indicating a simple declining trend of about $ 1.5536. The price may be higher than $ 1.70, and there is an opportunity to reflect the reflection of about $ 2.0.
Currently, you are approaching the $ 20 BB Middle Band (BB Middle Band), which is a modest resistance. SMA (SMA) is about $ 2.02 an important resistance area. The collapse at this level may lead to additional gains.
Increased price increases, which enhances the positive trend. The $ 2.028 region operates as an immediate resistance, while penetration can pay prices about $ 2.50, which is 38 % over the current price.
