• KAIA is trading around $0.16.
  • Daily trading volume has surged by over 79%.

The neutral market sentiment, with a loss of over 1.67% of the market cap, has triggered the crypto assets to trade on the downside, lighting the red candles. The largest assets, like Bitcoin (BTC) and Ethereum (ETH), hover at around $104.1K and $2.4K. Among the altcoins, Kaia (KAIA) has posted a surge of over 3.48% in the last 24 hours. 

KAIA opened the day trading at a low of around $0.1514. With the midday trading, the price chose to move upward, driving it to a daily high of $0.166, breaking crucial resistance at $0.1548 and $0.1645. At press time, KAIA’s market cap is at $966 million, and it trades within the $0.1607 mark. Also, the asset’s daily trading volume has surged by over 79.58%, accordingly reaching $82.8 million.  

In addition, KAIA has registered a 40.73% gain over the last thirty days. The asset’s monthly low was noted at the $0.10 range. Later, the bullish shift in the market triggered the price to hit a high of $0.17.

Can KAIA Keep Climbing?

KAIA’s ongoing bullish momentum could trigger the price to climb and likely test the nearby resistance at the range of $0.1622. Gradually, the upside price action might invite the potent bulls to push the golden cross to take place. The asset’s price may reach around the $0.1635 mark.

On the downside, if the price momentum of KAIA exhausts, it might plunge to its immediate support at the $0.1591 level. Assuming the asset’s failure to hold this support range, it could boost the bears, and the death cross may form, pulling the price back to a low below $0.1577.

KAIA Price: Can the Momentum Keep Burning Bright? image 0 KAIA chart (Source: TradingView )

Notably, KAIA’s technical analysis exhibits that the Moving Average Convergence Divergence (MACD) line is settled above the signal line. This generally suggests a bullish crossover in the market. Besides, the asset’s Chaikin Money Flow (CMF) indicator, resting at 0.07, indicates a mild buying pressure, with the money flowing into the asset. 

Furthermore, the daily Relative Strength Index (RSI) value of the asset, positioned at 52.68, hints at neutral territory , neither overbought nor oversold. The Bull Bear Power (BBP) reading found at 0.0050 implies a slightly bullish momentum in the market.

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