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KAIA Price Analysis: Pattern Breakout Could Lead to $0.20

Published
Valdrin Tahiri
Published
By Valdrin Tahiri
Edited by Ryan James
Key Takeaways
  • KAIA broke out from a descending resistance trend line.
  • The KAIA price trades in the middle of its horizontal range.
  • Can KAIA sustain its momentum and reach its range high?

After an 80% price decline, KAIA regained its footing in April and broke out from its corrective trend line.

The rally was initially gradual but accelerated in June once the price broke out from the $0.130 horizontal resistance.

Today, KAIA is one of the few crypto assets with a positive increase rate, teasing a price breakout from a short-term symmetrical triangle.

KAIA Price Analysis

The daily time frame analysis shows that the KAIA price broke out from a descending resistance trend line in April.

After the breakout, KAIA struggled to move above the $0.130 horizontal resistance area. However, it finally broke out on June 9 (green icon).

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KAIA reached a high of $0.182 before falling slightly. Its main resistance area is at $0.198.

Technical indicators are bullish, suggesting the KAIA price will reach the target.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing.

KAIA Price Increaes
KAIA/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

Furthermore, neither has generated any bearish divergence.

As a result, the KAIA price prediction is bullish, and an increase toward $0.198 is likely.

What’s Next for KAIA?

Similarly to the price action, the wave count gives a bullish KAIA analysis.

According to the count, KAIA is in wave four of a five-wave upward movement.

KAIA Count
KAIA/USDT Six-Hour Chart | Credit: Valdrin Tahiri/TradingView

The pattern for wave four is unclear, but the price could create a symmetrical triangle.

The 1.61 external Fibonacci retracement of wave four gives a target of $0.201, close to the $0.198 resistance area.

Range High Incoming

KAIA has increased since breaking out from a resistance trend line in April but accelerated its upward movement in June.

The price is likely in wave four of a five-wave increase. After the consolidation ends, an upward movement toward $0.198 is likely.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer. He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape. Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights. He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
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