NFTs Floor Prices Are Bleeding – Investors Blame OpenSea

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Feb 18 2025

KAITO-1.56%

PENGU+0.875%

DOOD+0.44%

Should l Buy KAITO?

NFT Market Decline: The non-fungible token market is experiencing a drop in floor prices across various collections, with notable declines such as Pudgy Penguins down 6.99% and Bored Ape Yacht Club down 4.67%. Despite this, daily trading volume has surged over 40% to $37 million, indicating panic selling among investors.
OpenSea Controversy: OpenSea's recent OS2 update and the introduction of XP tokens for bidding and listing NFTs have led to widespread backlash from the NFT community, as traders exploit the system for high-frequency trading, causing further damage to floor prices. The platform is reportedly working on addressing these issues based on community feedback.

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Technical Analysis for KAITO

Technical Sentiment Analysis for KAITO (KAITO) As of , KAITO (KAITO) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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	0.136	0.201	0.27	0.335	0.405	0.469	0.539
Fibonacci	0.201	0.252	0.284	0.335	0.386	0.418	0.469

About KAITO

$KAITO: The InfoFi Token$KAITO is the native token and the fundamental building block of the AI-powered InfoFi network. It plays several key roles:Driving Market Forces: $KAITO holders actively participate in shaping the network by influencing the distribution of attention within the AI-powered InfoFi ecosystem.Network Currency: $KAITO functions as the primary medium of exchange within the Kaito ecosystem, facilitating seamless transactions and interactions.Community Governance: $KAITO enables decentralized decision-making, allowing token holders to propose, vote on, and implement key protocol and algorithm changes. This governance mechanism ensures that the network evolves in alignment with its community’s interests, fostering a transparent and efficient AI-powered InfoFi ecosystem.$KAITO aligns incentives, empowers participants, and fuels the growth of a fair and efficient AI-powered InfoFi network.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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