KAITO Price Rebound Highlights Potential Short-Term Shift, With Long-Term Trend Remains Bearish

KAITO’s price experienced a significant rebound yesterday, exceeding its 3-month low and reaching an intraday high of $1.20 after a major token unlock event. This rebound formed a bullish engulfing pattern on the charts, signifying potential buyer support near the $1.00 level. Despite this positive signal, the medium- to long-term trend remains bearish, as the price trades below key moving averages.