KAITO Might Hit $3 If the Bitcoin Market Recovers | Airdrop Alert Pro

Kaito has recently dropped slightly from historically high prices (ATH) to $2.92, reaching just two days ago. Altcoin is now trying to recollect that peak, but broader market leads are exerting downward pressure.

Kaito’s recovery depends largely on Bitcoin’s performance, with both coins showing an increasing correlation between price movements.

Kaito needs support

Kaito’s correlation with Bitcoin has been rising, indicating that it follows Bitcoin’s market trends. This rise in correlation suggests that Kato’s price movements are becoming increasingly consistent with BTC’s actions.

As Bitcoin recovers from intraday lows of $78,250 to reach a trading price of $84,719, wider market sentiment may change. If Bitcoin continues to trajectory upward, Prices of Kaito Assuming the correlation is further enhanced, it can be followed.

But despite this upward momentum potential, traders remain skeptical. The negative funding rate of Kaito has been increased over the past 24 hours, which shows that many people are betting.

Short contracts dominate long-term contracts, indicating traders are reluctant to retreat completely Kato’s Recovery now. Mixed signals of market sentiment point to levels of uncertainty, which may stagnate in the near term.

Kaito price attempts to recover

Prices of Kaito The current price is $2.22, below the resistance level of $2.26. Although broader market conditions seem to favor potential recovery, traders’ sentiment remains cautious.

Kaito attempts to violate this resistance, but if the negative funding rate continues, it may be difficult to secure further gains.

Given the mixed signal, Kaito may continue to trade in the range of $1.86 to $2.44 in the near term. This merger suggests that altcoins may still be trapped below $2.44, a key resistance level.

A loss of successful violation of $2.44 will indicate the possibility of holding a rally, and Kaito has the potential to break its ATH of $2.92 and reach over $3.00.

Failure to break the resistance level of $2.44 may cause Kaito Merger At this price point, altcoins remain within the same range. Violations of $1.86 will further invalidate the bullish outlook, indicating a possible continued decline.