Queda acentuada de Kite AI (KITE)

KITE surged nearly 14% in 24 hours, rebounding from a key rising trendline support level that has held since February 6. While the bounce improved short-term sentiment, the overall market structure remains contested rather than decisively bullish. Momentum indicators suggest easing selling pressure, with the Stochastic RSI stabilizing near oversold levels. However, derivatives data reflect caution: Open Interest fell by $32 million to $85 million, the Long/Short Ratio stayed at 0.75, and funding rates remained negative—indicating reduced speculative activity and limited bullish conviction. The price is at a technical crossroads; holding above trendline could fuel further recovery, while a breakdown may trigger renewed sell-off.

KITE surged 23% to $0.2715, rebounding from a low of $0.21, with its market cap rising to $488 million. Strong buyer activity was evident, with a positive Buy-Sell Delta of 542 million and increased futures inflows of $10.06 million. Despite the bullish momentum, a high long-short ratio of 0.62 suggests many traders remain bearish in the short term. The RSI at 66 indicates strong upward momentum, but the price remains below the Parabolic SAR. A break above $0.28 could target $0.3, while failure may lead to a pullback to $0.22.

After a significant 74% rally in February, KITE has experienced a 19% pullback, testing the resolve of bullish investors. The decline is accompanied by a shift in market sentiment, with perpetual contracts showing a rise in short positions and a drop in the Open Interest-Weighted Funding Rate to 0.0082%, indicating growing bearish pressure. The Long/Short Ratio has fallen to 0.82, further highlighting seller dominance. Spot markets reflect similar trends, with $200,000 worth of KITE flowing into exchanges, signaling net selling and a potential reversal from previous accumulation. Liquidity remains thin, making short-term price direction highly dependent on real-time trading momentum. A further price drop with increasing volume could confirm bearish conviction, while declining volume might indicate weakening selling pressure.

KITE experienced a sharp decline, dropping 17% after facing rejection near $0.31. The token broke below key moving averages and traded at $0.2018, with weekly losses extending to 11%. Bearish momentum intensified as the price fell below the ascending channel support, while the Buyer-Seller Strength indicator confirmed dominant sell-side pressure. Futures data showed a significant drop in Open Interest and a rise in Volume, indicating position closures. The Long/Short Ratio reflected a bearish sentiment among retail traders. With the RSI falling below 50 and the price below EMA20, the $0.20 support level is at risk. A break below could lead to a decline toward $0.18, while holding $0.20 and reclaiming $0.22 is necessary for a reversal.

On August 6, the Kite Foundation announced it detected and thwarted an attack on its $KITE token on the Ethereum mainnet, confirming no tokens were stolen. The incident adds $KITE to a list of DeFi protocols, including Boltz, AQUA, and ZEUS, targeted recently. While the security monitoring system flagged and stopped the unusual transfer activity, the event has drawn attention to the project's declining position. After entering the top 100 cryptocurrencies in early 2026 with a market cap exceeding $363 million, $KITE has since fallen over 67% from its March peak and now ranks 123rd. This attack occurs amidst a surge in AI-powered exploits, as noted in recent incidents affecting other platforms. Commentators warn that AI-assisted attackers are becoming more sophisticated, posing significant challenges for security teams. Kite, which bills itself as an AI-first blockchain payment infrastructure, has emphasized its security audits and bug bounty program. The foundation's response aims to restore trust as the broader DeFi sector grapples with increasing security threats, with total crypto theft reportedly around $16.9 billion.