KAIA Price Reaches Yearly High — Could Increase Another 300%

The KAIA price has increased by nearly 200% since the start of November, breaking from a descending resistance trend line that existed for nearly four years. The breakout led to a high of $0.420 on Dec. 2.

While the price has fallen slightly since the high, it trades above its main horizontal area and attempts to validate it as support. Let’s analyze the price action and see if KAIA will be successful in doing so.

KAIA Reaches Resistance

The weekly time frame chart shows that KAIA has increased since August, confirming a double bottom pattern in November. Since then, KAIA has increased, breaking out from a descending resistance trend line that existed since the all-time high.

Since the breakout, KAIA has created three successive bullish weekly candlesticks, briefly moving above the long-term horizontal resistance at $0.315.

While the price reached a high of $0.420, it still needs to close above the $0.315 area to confirm the breakout. If this happens, KAIA can increase by 300% to the next horizontal resistance at $1.35.

Technical indicators give a bullish KAIA prediction, suggesting the increase will continue. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have both generated bullish divergences (green), positive signs that often lead to a breakout.

So, the weekly time frame readings suggest the KAIA increase will continue toward the $1.35 resistance area.

(The KLAY chart is used instead of KAIA for the long-term analysis because of the lack of sufficient data for the latter).

Potential Local Top

The daily frame wave count shows that KAIA started a five-wave increase in November. If this is the case, the price has likely finished wave five, which extended and has 1.61 times the length of waves one and three combined.

The five-wave structure ended with a high of $0.415.

If this is the case, KAIA is now correcting inside an A-B-C structure, which could end at the 0.5-0.618 Fibonacci retracement support level. Since the price has already reached the 0.5 Fibonacci level in the form of a long lower wick, the low point of the correction may have already been reached.

However, KAIA will likely consolidate before eventually resuming its upward movement.

If the KAIA price closes below $0.230, it will put the long-term upward movement at risk and could lead to a deeper correction.

This currently seems unlikely because the RSI has not generated any bearish divergence. Rather, the ongoing decline is just a short-term correction before the long-term upward movement continues.

KAIA Price Find Support

The long-term KAIA trend is likely bullish, with a potential increase to $1.35 awaiting.

However, the short-term count indicates that KAIA could fall slightly before resuming its upward movement. In any case, an eventual increase above $1 is expected.

About the Author

Valdrin Tahiri

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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