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.
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).
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.
Furthermore, neither has generated any bearish divergence.
As a result, the KAIA price prediction is bullish, and an increase toward $0.198 is likely.
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.
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.
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.