A significant whale transfer of 18 million KAITO tokens (worth $10.33M) to a new wallet sparked market speculation, though the tokens remained unspent, preventing immediate selling pressure. While this event boosted attention and derivatives market activity—with Open Interest rising 14%—spot market data showed persistent seller dominance, indicating trader caution and profit-taking. Technically, KAITO broke above key resistance at $0.5325, trading near $0.5794 and entering overbought territory with an RSI of 70.42. The outlook hinges on buyers defending the $0.5325 support level to potentially challenge the next resistance at $0.65; failure could see a return to the previous trading range.

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KAITO moves $10.33M in tokens – Can bulls push price to $0.65?

Ethereum