Kaito (KAITO) Price Jumps 26% After Upbit Listing – Key Levels to Watch

Kaito (KAITO) has surged 26% following its listing on Upbit, strengthening its presence on major centralized exchanges. Unlike its launch week, KAITO is now among the top gainers. In the last 24 hours, its price has climbed to $1.81, with a market cap exceeding $435 million.

KAITO Buying Pressure Surges

KAITO previously reached an all-time high of $2.92 shortly after a major airdrop to eligible users. Over the past day, its total Open Interest (OI) has surged by 89% to around $140 million, showing growing trader interest.

Open Interest represents the total value of all active positions in a contract. Since every trade involves both a buyer and a seller, OI is always balanced 50/50 between long and short positions. When both price and OI rise together, it means buyers are more aggressive—often a bullish sign.

Technical Analysis: Bullish Reversal in Play?

On the 4-hour chart, KAITO is forming a double bottom pattern around $1.55, which is a strong bullish reversal signal. The price has bounced off this key support level, showing that buyers are actively defending lower prices. However, the altcoin faces tough resistance at $2.028.

If KAITO breaks above $2.028, it could trigger a rally toward the $2.50 and $2.92 resistance levels.

Short-Term Trends and Key Resistance Levels

Despite the recent surge, KAITO’s price chart is still showing lower highs and lower lows, suggesting a minor downtrend around $1.55. If the price stays above $1.70, there’s a chance of a recovery towards the $2.00 level.

Right now, KAITO is approaching the 20-day moving average (BB Middle Band) at $1.90, which is acting as a short-term resistance. The 50-day Simple Moving Average (SMA) at $2.02 is a key resistance level—breaking above it could push prices higher.

Will KAITO Push Past $2.50?

KAITO’s price increase is backed by rising trading volume, which supports the bullish trend. The $2.028 resistance remains the key hurdle, and a breakout could send the price towards $2.50—a potential 38% jump from current levels.

Traders are now watching whether KAITO can maintain its momentum or if a pullback is on the way.