• KAITO price gains momentum with a breakout above key resistance.
• Weekly surge of 41.65% highlights strong bullish sentiment.
• Support stands firm near $1.30–$1.40, crucial for continuation.
• Declining open interest may signal reduced speculation or a reset.

KAITO is showing signs of an upward move that aligns with improving sentiment across the broader crypto market. Despite remaining mostly stable over the last 24 hours, the token recorded a notable 41.65% weekly surge.

At press time, KAITO is trading at $1.44 with a market cap of $348.5 million. The 24-hour trading volume stands at $127.55 million, reflecting a sharp 62.73% decline. This suggests that the recent rally may now be entering a consolidation phase.

Also Read: KAITO Crypto on Fire: Will It Rebound from $1.18 to a Massive $2.60?

KAITO Chart Structure Points to Sustained Bullish Case

The KAITO daily chart reveals a decisive breakout from a long-term descending trendline, indicating a shift in sentiment from bearish to bullish. The price also cleared an ascending triangle, a classic continuation pattern often linked to sustained gains. KAITO is trading just above the $1.30–$1.40 support zone. This makes the breakout more credible if the level holds in upcoming sessions.

Bullish sentiment is evident in recent candle patterns, marked by sharp higher movements on higher volumes. The token will likely rally to the $1.80 area if it holds its newfound support. The area can act as the new large resistance level and can be correlated with a potential 76.66% move from the breakout origin.

On the other hand, if KAITO does not hold its present support, a retracement of the area to $1.00–$0.90 is within the realm of possibility. The action would negate the breakout and signify a move to a return to consolidation or building up.

Open Interest and Funding Data Signal Possible Shift

Market data gives depth to KAITO’s technical deployment. The open interest is now $105.96 million, a decline of 9% during the previous session. The decrease indicates a drop in speculative positions, a probable outcome of profit-taking or liquidations. The recent rebound in prices, however, coupled with a marginal open interest recovery, indicates fresh activity by the traders.

The funding rate is kept negative by -0.0196%, and short positions continue to prevail. The negative rate over a prolonged period indicates bearish pressure, but the resultant rebound is that shorts could be losing their sting. The conditions to provide a short squeeze will get better with an unwinding, and the bulls will get another chance to push gains further.

Also Read: KAITO Builds Momentum Toward $5 After Reclaiming $1.15 Support