KAITO Holds Key Support — Bullish Upturn Likely in Coming Days

Key Takeaways

• A falling wedge breakout signals a potential trend reversal.
• Fibonacci retracements highlight key resistance zones.
• Wave (i) initiation suggests a bullish impulse ahead.
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KAITO displays early signs of a potential bullish reversal after completing a corrective Elliott Wave pattern.

The higher time frame chart suggests the end of a descending wedge formation, while the lower time frame analysis provides insights into an anticipated five-wave impulsive move.

A decisive breakout above key Fibonacci levels could confirm sustained upside momentum.

KAITO Price Analysis

The broader price action for KAITO has been consolidating in a descending wedge formation from an all-time high of around $2.80.

Five distinct corrective waves labeled A–E signal the completion of a larger corrective phase. The final leg, wave E, coincides with the 0.786 Fibonacci retracement level around $1.30, which typically acts as a strong reversal zone.

The Relative Strength Index (RSI) has remained in an oversold state for an extended period, indicating that selling pressure might be exhausted.

A bullish divergence is also emerging, with the price making lower lows while the RSI maintains higher lows. This suggests a weakening bearish momentum.

A breakout from the wedge would confirm the initiation of a new impulse wave, with the immediate resistance levels aligning with the 0.618 ($1.60) and 0.5 ($1.82) Fibonacci retracement levels.

Historically, such breakouts lead to rapid price acceleration due to the unwinding of short positions and fresh buyer interest.

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Multiple Fibonacci confluences around $1.60–$1.82 further reinforce this area as a key inflection point.

If the price successfully breaks through these levels, it could trigger a move toward the 0.382 Fibonacci extension at $2.04.

However, failure to hold above $1.30 could expose KAITO to further downside risk.

KAITO Price Prediction

The 1-hour chart presents a clearer picture of an anticipated bullish impulsive wave structure following the wedge breakout.

The preliminary subwave count suggests that wave (i) has already initiated, while wave (ii) could see a minor retracement before wave (iii) accelerates higher.

For wave (iii), an ideal price target aligns with the 1.618 Fibonacci extension, near $1.60–$1.65. This area also corresponds to prior resistance from the descending wedge, making it a crucial test for sustained bullish momentum.

If wave (iii) extends further, the next target, at $1.82, is near the 2.0 Fibonacci extension.

Following wave (iii), a minor pullback within wave (iv) could retest the $1.50 region before the final fifth wave aims for a breakout beyond $1.80.

The Elliott Wave structure suggests an ABC corrective move after wave (v), with the price potentially retesting $1.50 before resuming the larger bullish trend.

A confirmed breakout beyond $1.82 could set the stage for a parabolic move toward $2.04, aligning with the 0.382 Fibonacci retracement from the higher time frame chart.

However, if wave (ii) extends lower and the price falls below $1.30, the bullish setup would be invalidated, opening the door for further declines.

If bullish momentum sustains, KAITO could see a significant trend shift, targeting higher Fibonacci levels in the coming sessions.

Key Levels to Watch

• Immediate Resistance: $1.60 (0.618 Fibonacci retracement).
• Key Resistance: $1.82 (0.5 Fibonacci retracement).
• Critical Resistance: $2.04 (0.382 Fibonacci retracement).
• Immediate Support: $1.30 (0.786 Fibonacci retracement).
• Critical Support: $1.20 (descending wedge support).
• Bullish Target: Above $2.00 if breakout sustains.
• Invalidation Zone: Below $1.20, negating the bullish scenario.