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The KAITO price pumped 4% in the last 24 hours to trade at $2.05 as of 9:35 p.m. EST as investors start to accumulate the crypto.
The recent gain by the KAITO price is a continuation of the strong positive trend the crypto has been in over the last month, which has seen the altcoin rise over 113% in the last 30 days.
KAITO Price Hovering Below A Major Resistance
Daily chart for KAITO/USD (Source: GeckoTerminal)
The KAITO price is hovering below a major resistance level at $2.1871, according to data from GeckoTerminal. Should the altcoin break above this level in the next few days, it could clear the room needed to rise towards the next major barrier at $2.8164 in the short term.
However, a sudden drop in the KAITO price due to profit taking or a change in the market’s trend could lead to a drop to the nearest support level at $1.5739. Thereafter, continued pressure from sellers might result in a plunge to as low as $0.9768.
Technicals Suggest The KAITO Price Might Pullback Temporarily
From a technical standpoint, indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the daily chart warn the KAITO price might undergo a correction soon.
That’s after the MACD line dropped below the MACD Signal line in the last 3 days. This specific technical event usually indicates a crypto has entered a negative trend. The gap between the two lines has also started to grow, which could be a sign of growing bearish momentum.
Buyers still seem to be in control for the time being, as suggested by the RSI reading above the neutral 50 point. However, the slope of the RSI line has shifted from positive to neutral in the last 24 hours, which could be an early warning sign of a bearish shift in power on the KAITO chart.
As the KAITO price tries to keep climbing, a FOMO frenzy has erupted around the presale for a new meme coin called MIND of Pepe (MIND) with its launch just 4 days away. An analyst at the influential 99Bitcoins YouTube channel, which has over 723K subscribers, predicts MIND could soar 10X after its launch.
MIND Blends AI And Meme Coin Appeal In One Token
MIND of Pepe is a new frog-themed token inspired by the Pepe the Frog meme that aims to make a name for itself in the booming meme coin space. To do this, the project does not rely solely on hype. Instead, MIND of Pepe also introduces a cutting-edge AI agent, giving the meme coin competitive levels of utility.
The intelligent computer model, which went live earlier this month, is capable of spotting new trends in the market as soon as they develop. This is made possible through the altcoin’s direct feed to various social platforms and DeFi protocols.
If the AI agent spots a change in sentiment or onchain activity, it immediately notifies MIND holders through token-gated groups, giving them a competitive edge over other traders and investors.
In addition to that, the MIND of Pepe AI can also create and launch tokens that align with each new trend it identifies. It then hypes these tokens up online, trades them, and reinvests any profits back into MIND. With each new token the AI creates, it also lets MIND holders buy in early, setting them up for potentially massive gains if the AI’s cryptos start to take off.
MIND Offers Investors Last Chance To Buy In Presale – Just 4 Days Left
MIND of Pepe has managed to raise over $10.6 million through its presale. With the project’s AI and meme coin appeal, combined with MIND of Pepe’s advanced AI, it’s no wonder investors are rushing to buy in at this early stage, which is just days away from ending.
Interested investors can acquire MIND through the simple buy widget embedded on the project’s website. Selling for $0.0037515, MIND can be bought with either ETH, USDT, BNB, USDC, or bank card. Tokens can also be staked for an attractive 219% APY.
Anyone looking to buy will want to do so before the project’s highly-anticipated launch in just over 4 days.
Visit the official MIND of Pepe website.
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