Kite

Expect the price to drift lower within a range of 0.103 to 0.106 representing a potential move of negative 1 to 2 percent.

The downward momentum suggests continued pressure with the price likely to test lower levels toward 0.095.

High. The consistent multi week price decay paired with broad market fear creates a dangerous environment for long positions.

Large holders are likely sitting on the sidelines or distributing their positions given the low volume and lack of positive price action.

The fear index of 28 is discouraging retail participation which keeps buying pressure too weak to reverse the current decline.

Kite is moving downward because the persistent monthly decline is triggering stop losses and discouraging new buyers. A lack of recent news or catalysts means there is no fundamental story to counter the prevailing bearish technical trend.