KAITO Token Drops 24% After Ending Yaps Program Amid Policy Changes
- Token Price Plunge: The KAITO token dropped 24% on Friday after the development team announced the end of the Yaps program, with prices settling around $0.54, reflecting strong market reactions to policy changes.
- Policy Change Impact: The Kaito team decided to terminate Yaps to comply with new policies from platform X, addressing a surge in AI-generated spam that affected nearly 157,000 members of the Yapper community.
- Technical Indicators Show Downtrend: KAITO token fell below a key descending trendline on the 4-hour chart, indicating potential continued selling pressure in the short term, with technical indicators like MACD and Chaikin Money Flow supporting a bearish outlook.
- Future Outlook: Kaito plans to replace Yaps with Kaito Studio, a more selective tier-based marketing platform, and while prices may continue to decline towards $0.47, a rebound above $0.60 could signal an end to the current downtrend.
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Technical Analysis for KAITO
Technical Sentiment Analysis for KAITO (KAITO) As of , KAITO (KAITO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for KAITO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, KAITO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
KAITO (KAITO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.102 | 0.184 | 0.269 | 0.351 | 0.436 | 0.518 | 0.603 |
| Fibonacci | 0.184 | 0.248 | 0.287 | 0.351 | 0.415 | 0.454 | 0.518 |
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