KAIA defies low liquidity to rally 14% – Can it target $0.135 next?
The post KAIA defies low liquidity to rally 14% – Can it target $0.135 next? appeared on BitcoinEthereumNews.com. KAIA recorded the highest market gain in the past 24 hours, overcoming a key resistance level. Analysis indicates that despite low liquidity, KAIA still has a strong chance of continuing its rally. In the last 24 hours, Kaia [KAIA] posted the most significant market surge, rallying by 14%, even though it remains down 2.14% in its overall monthly movement. Despite liquidity concerns, analysts suggest that market sentiment remains optimistic, and KAIA’s upward momentum is likely to continue. Liquidity sinks, hinting at reduced network utility As of now, KAIA continues to face liquidity challenges, with investors largely exiting their staking positions. Data shows that the Total Value Locked (TVL), a key metric for gauging investor sentiment in blockchain ecosystems, has steadily declined. Source: DeFiLlama After peaking at $32.49 million on the 23rd of April, the TVL has dropped consistently, with no major recovery. It stood at $28.15 million, at press time, marking a $4.34 million decline from its peak. Interestingly, this reduction in investor deposits into KAIA-based protocols has coincided with a significant drop in trading activity on Decentralized Exchanges (DEXs). At the time of this report, trading volume has fallen from a yearly high of $231,036 to just $74,811. Source: DeFiLlama This sharp decline suggests that traders have exited the chain, reducing the utility of KAIA and putting downward pressure on its price. In contrast to the bearish indicators, the market reacted positively, with KAIA recording a notable rally even as traders exited. The chart shows a bullish breakout, but RSI warns of… KAIA’s recent rally followed its breakout above a major resistance level, according to chart analysis. This level was part of a broader descending market channel that typically precedes an upward market reversal. After forming a series of lower highs and lows, KAIA breached the resistance line and…
The post KAIA defies low liquidity to rally 14% – Can it target $0.135 next? appeared on BitcoinEthereumNews.com.
KAIA recorded the highest market gain in the past 24 hours, overcoming a key resistance level. Analysis indicates that despite low liquidity, KAIA still has a strong chance of continuing its rally. In the last 24 hours, Kaia [KAIA] posted the most significant market surge, rallying by 14%, even though it remains down 2.14% in its overall monthly movement. Despite liquidity concerns, analysts suggest that market sentiment remains optimistic, and KAIA’s upward momentum is likely to continue. Liquidity sinks, hinting at reduced network utility As of now, KAIA continues to face liquidity challenges, with investors largely exiting their staking positions. Data shows that the Total Value Locked (TVL), a key metric for gauging investor sentiment in blockchain ecosystems, has steadily declined. Source: DeFiLlama After peaking at $32.49 million on the 23rd of April, the TVL has dropped consistently, with no major recovery. It stood at $28.15 million, at press time, marking a $4.34 million decline from its peak. Interestingly, this reduction in investor deposits into KAIA-based protocols has coincided with a significant drop in trading activity on Decentralized Exchanges (DEXs). At the time of this report, trading volume has fallen from a yearly high of $231,036 to just $74,811. Source: DeFiLlama This sharp decline suggests that traders have exited the chain, reducing the utility of KAIA and putting downward pressure on its price. In contrast to the bearish indicators, the market reacted positively, with KAIA recording a notable rally even as traders exited. The chart shows a bullish breakout, but RSI warns of… KAIA’s recent rally followed its breakout above a major resistance level, according to chart analysis. This level was part of a broader descending market channel that typically precedes an upward market reversal. After forming a series of lower highs and lows, KAIA breached the resistance line and…
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