Market Overview: KAITO (KAITOUSDT) 24-Hour Technical Analysis (2025-07-17)

KAITO opened at $1.7236 on 2025-07-16 at 12:00 ET and traded between $1.6704 and $1.8279 before closing at $1.7367 at 12:00 ET on 2025-07-17. Total volume for the 24-hour period was 6.19 million, and notional turnover was approximately $10.55 million.

• KAITO formed a bullish engulfing pattern early in the session, followed by a sharp bearish reversal after a strong rally to $1.8279.
• Price found support at key Fibonacci levels near $1.70–$1.71 and tested resistance at $1.75–$1.76 multiple times during the session.
• Volatility expanded after a consolidation phase, with Bollinger Bands widening as price moved between the upper and lower bands.
• MACD showed bearish divergence after the peak, while RSI entered overbought territory before the correction.
• Notional turnover spiked during the rally to $1.8279, but volume declined during the subsequent pullback, signaling potential exhaustion.

Structure & Formations

KAITO displayed a strong bullish reversal pattern early in the session, with a candle engulfing the previous bearish candle. This signaled short-term optimism. Later, a bearish engulfing pattern emerged after the high of $1.8279, suggesting a shift in sentiment. A key support level was identified near $1.70–$1.71, where price found a floor after multiple tests. Resistance levels at $1.75–$1.76 and $1.80–$1.81 were tested and rejected, reinforcing their importance for near-term direction.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating a volatile and directionally uncertain session. The 50-period MA acted as a dynamic support and resistance level, with price frequently testing it. On the daily chart, KAITO closed just below the 50-period MA, suggesting a bearish bias in the broader context.

MACD & RSI

The MACD line crossed below the signal line after the session high, forming a bearish divergence that preceded the price drop. RSI entered overbought territory at 75+ during the rally to $1.8279 but then sharply corrected, confirming the bearish shift. RSI closed near neutral territory, indicating a possible consolidation phase ahead.

Bollinger Bands

Volatility expanded significantly during the session, with Bollinger Bands widening after a period of contraction. Price touched the upper band at $1.8279 and then the lower band at $1.6968, suggesting a strong consolidation phase may be forming. The current close of $1.7367 sits near the mid-band, indicating a potential equilibrium point.

Volume & Turnover

Volume surged during the rally to $1.8279, with the largest 15-minute candle showing $844,200 in volume. However, during the subsequent pullback, volume declined, indicating weaker follow-through selling. Notional turnover confirmed the strength of the rally but diverged during the decline, suggesting potential short-term exhaustion in bearish momentum.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swing from $1.6968 to $1.8279, price found support near the 61.8% level at $1.74 and the 38.2% level at $1.77. On the daily chart, the 61.8% retracement of the recent major move also aligned with the $1.70–$1.71 support zone, reinforcing its significance.

KAITO may face renewed pressure to test the $1.70–$1.71 support zone in the coming 24 hours, with a potential bounce or breakdown depending on order flow. Traders should monitor the 50-period MA and RSI levels for signs of momentum shifts. As always, volatility and volume divergence can create sudden price swings, so caution is advised.