Market Overview for KAITO/Bitcoin (KAITOBTC) – 24-Hour Analysis (2025-11-01)

• KAITO/Bitcoin traded in a tight range, with price consolidating near 9.08e-06 after a sharp rally late on October 31.
• A key bearish reversal pattern emerged on the 15-minute chart near 9.05e-06, followed by a bullish engulfing pattern near 9.51e-06.
• Volatility spiked during the overnight session as price surged from 9.12e-06 to a high of 9.84e-06, driven by a sharp increase in volume.
• Momentum indicators suggest mixed signals, with RSI fluctuating between overbought and oversold levels.
• Price has yet to break above the 9.79e-06 resistance or below the 9.02e-06 support, indicating a continuation of range-bound trading.

The KAITO/Bitcoin pair (KAITOBTC) opened at 9.04e-06 on October 31 at 12:00 ET, reached a high of 9.84e-06, and closed at 9.55e-06 on 12:00 ET, November 1. The 24-hour volume was 13,925.1 and total turnover amounted to $133.45 million. The price exhibited significant consolidation and intermittent spikes in volume, especially between 03:45 ET and 04:15 ET when a sharp 9.17e-06 to 9.84e-06 move occurred.

Structure and formations on the 15-minute chart showed a clear bearish reversal at 9.05e-06 and a bullish engulfing pattern at 9.51e-06. A key support level is forming around 9.02e-06, while 9.79e-06 acts as a critical resistance. A doji formed at 9.55e-06, indicating indecision in the market.

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price during the overnight rally, suggesting a temporary bullish bias. On the daily chart, the 50-day SMA is above the 100-day and 200-day SMAs, implying a mild long-term bullish trend, although this is counterbalanced by the current sideways price action.

The MACD line crossed above the signal line during the overnight session, confirming the short-term bullish momentum. RSI fluctuated between 50 and 70, indicating mixed momentum with a peak near 70 on November 1 at 04:15 ET. While RSI suggests overbought conditions, price has not closed above the 9.79e-06 resistance, so caution is warranted.

Bollinger Bands expanded significantly during the rally, with price reaching the upper band at 9.84e-06. The narrowing of the bands later in the session suggests potential consolidation ahead. Price has since moved closer to the mid-band, indicating a neutral bias.

Volume and turnover spiked during the 03:45–04:15 ET window, coinciding with the move to 9.84e-06, but has since declined, indicating a lack of follow-through. This divergence between price and volume could signal an impending pullback.

Applying Fibonacci retracements to the overnight swing (9.12e-06 to 9.84e-06), key levels at 61.8% (9.57e-06) and 78.6% (9.45e-06) appear to have provided resistance and support, respectively.

KAITOBTC may remain in a tight range for the next 24 hours as traders await a breakout attempt. A sustained move above 9.79e-06 would suggest bullish continuation, while a break below 9.02e-06 could trigger further selling.

The backtest strategy in question relies heavily on the RSI-14 indicator to generate buy/sell signals based on overbought/oversold conditions. However, due to the lack of accessible RSI-14 data for KAITOBTC, we are unable to proceed with the automated backtest. To resolve this, we need confirmation of either a valid exchange-specific symbol (e.g., “KAI/BTC” on Binance) or an alternative symbol that the data vendor supports. Once we have this, we will be able to pull the RSI-14 series, identify overbought (default 70) and oversold (default 30) conditions, and run a backtest from January 1, 2022, to today.