Kaıto experienced a slight retreat from the highest value of all time at $ 2.92, which he reached two days ago. Altcoin is trying to re -test this summit, but Bitcoin’s price movements and market conditions are still a major factor. Investors are focused on the recovery of the BTC in order to maintain Kaıto’s rise.
Strong connection between Bitcoin and Kaıto
Kaıto’s correlation with Bitcoin is gradually increasing, which shows that the price movements of the Altcoin are dependent on the direction of BTC. Bitcoin recovered from $ 78,250 to $ 84,719. If the BTC continues to rise, Kaıto seems likely to move upward.
However, investors are still cautious. Kaıto’s negative funding rate has increased in the last 24 hours, which shows that traders have opened more Short positions against Altcoine. The presence of more Short contracts than Long contracts reveals that investors do not fully trust Kaıto’s short -term rise.
What are the critical levels for the price of Kaıto?
Kaıto is currently trading at $ 2.22 and trying to break $ 2.26. However, if the negative funding rate continues, it may be difficult to overcome this level. The current market conditions show that Kaıto can fluctuate between $ 1.86 and $ 2.44.
If the level of $ 2.44 is broken, it may be possible for Kaıto to start a new rally and exceed the $ 2.92 peak and rise above $ 3. However, if it cannot exceed this critical level, the price of subcoin may be stuck in a narrow range. In addition, a larger trend of decrease for KAITO may begin if it falls below $ 1.86. Can Kaıto reach new summits with the recovery of Bitcoin? Or will the investor confidence continue to weaken? Market movements are closely monitored!
Great decision moment! Is it a rise or a fall?
The biggest obstacle to Kaıto stands out as a $ 2.44 resistance. If this level is exceeded with a strong volume, the price can test $ 3 and reach new peaks. However, investor sensitivity still remains uncertain.
Bitcoin’s price movements continue to be one of the most important factors to determine the direction of Kaito. If the BTC does not sustain its rise, the possibility of Kaıto’s consolidation process will increase and the price may be withdrawn towards $ 1.86 support. For investors, the next few days will be critical.
