Twitter's New API Rules Reshape Crypto Market, KAITO Token Plummets 17%
- Policy Changes Impact: Under Product Manager Nikita Bier, Twitter revised its API policies to ban all third-party applications incentivizing user interactions, aiming to eliminate fake interactions and enhance user experience.
- Market Reaction: The Kaito Yapper community faced termination due to the policy changes, resulting in a significant 17% drop in KAITO token value, reflecting market sensitivity to the new regulations.
- Other Token Volatility: Following the policy enforcement, InfoFi altcoins collectively saw a 10% contraction in market capitalization, with KAITO Coin hitting a new low of $0.54, COIKE and LOUD both retreating by 10%, and LURKY declining by 9%, indicating widespread market pressure.
- Strategic Significance: Twitter's move not only aims to combat spam on the platform but also reflects its long-term strategy to enhance user experience and authenticity, potentially impacting the future developer ecosystem.
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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 | 0.404 | 0.469 | 0.539 |
| Fibonacci | 0.201 | 0.252 | 0.284 | 0.335 | 0.386 | 0.418 | 0.469 |
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