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KAIA Leads the Market With a 12% Surge as Technical Indicators Flash Green

2 mins
Updated by Ann Maria Shibu
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In Brief

  • KAIA, the native token of Kaia blockchain, surged 12%, reaching an 18-day high of $0.119, fueled by strong market momentum.
  • Trading volume spiked 920%, indicating robust market participation and confidence in the ongoing rally.
  • KAIA’s price could target $0.15, but a pullback to $0.106 is possible if profit-taking leads to a drop below key support.
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KAIA, the native token powering the high-performance Kaia blockchain, is today’s top gainer. The altcoin has been up 12% in the past 24 hours and reached its highest price in 18 days. 

The sharp rally has printed the tallest green candle in over two weeks, signaling strong upward momentum. 

KAIA Rallies Double Digits as Trading Volume Tops $100 Million

As of this writing, KAIA is trading at an 18-day high of $0.119. Its double-digit rally has been accompanied by a surge in daily trading volume, up 920% over the past day, and sits at a multi-month high of $62 million.

KAIA Price/Trading Volume
KAIA Price/Trading Volume. Source: Santiment

When an asset’s trading volume rises significantly alongside its price, it signals that the move is backed by strong conviction from market participants. High volume during an uptrend often reflects increased buying pressure and broad participation, both signs of a healthy rally. 

This trend increases the likelihood of a sustained KAIA rally as more liquidity supports continued price action. 

Furthermore, the altcoin trades decisively above its 20-day Exponential Moving Average (EMA), a key trend suggesting bullish sentiment may continue to drive prices higher. As of this writing, the key momentum indicator forms dynamic support below KAIA’s price at $0.111.

KAIA 20-Day EMA
KAIA 20-Day EMA. Source: TradingView

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving weight to recent prices. When price trades above the 20-day EMA, it signals short-term bullish momentum and suggests buyers are in control.

KAIA Hovers Below Breakout Zone: $0.15 Retest or Pullback to $0.106?

At its current price, the altcoin trades just below the resistance level formed at $0.124. If current demand levels are sustained, KAIA could break above this price zone, flip it into a support floor, and be on track to retest $0.151, a level not seen since February. 

KAIA Price Analysis
KAIA Price Analysis. Source: TradingView

However, if profit-taking rockets, the KAIA token could break below the dynamic support offered by its 20-day EMA and plunge to $0.106.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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