CARV Kurs CARV

⚡ Top 10 Coins for Trading by Fortune AI ⚡ 1. #FIO 2. #SHELL 3. NC 4. #ALCH 5. MAJOR 6. VINE 7. CARV 8. REZ 9. KAITO 10. RUNE

Carv wll hit ATH tonight 🚀

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KAITO crypto soared 41.5% on Feb. 27, outpacing the broader crypto market, which fell by 4.1% over the past day. According to data from crypto.news, Kaito ( KAITO ) surged to an intraday high of $2.52, bringing its market cap from $440 million to over $600 million at press time. Its price rally occurred in a high-volume trading environment, with daily trading volume doubling over the past day, reaching over $1.97 billion. KAITO’s rally followed a jump in demand among its derivative traders. CoinGlass data shows a nearly 66% increase in open interest in the KAITO futures market, hitting an all-time high of $192 million. At the same time, its weighted funding rate is bouncing back from negative territory, suggesting traders are turning more optimistic, possibly eyeing profit opportunities. The AI-based altcoin also gained traction after AI chip giant Nvidia posted bullish Q4 results, with its revenue up 12% from last quarter and 78% year-over-year. AI-related cryptos typically tend to ride Nvidia’s hype . Alongside KAITO, MyShell (SHELL) jumped 27%, and CARV (CARV) soared 68%. Meanwhile, whales have also taken an interest in the token. An unidentified whale wallet has bought back $1.39 million worth of KAITO, according to data from Arkham. The same whale sold over 110,000 airdropped KAITO tokens last week. Whale activity is often seen as a bullish signal by retail investors, which likely added fuel to today’s rally. Multiple technical indicators have flagged bullish signals. On the 4-hour KAITO/USDT price chart, KAITO has been forming higher highs and lower lows, suggesting that the buying pressure is significantly higher than the selling pressure. It has also broken past resistance at $2.1, which it failed to surpass three times in February. The Aroon Up indicator at 100% and Aroon Down at 21.43% confirm strong buying pressure, signalling a dominant uptrend. Meanwhile, the Relative Strength Index is holding at 82 for the second straight day, reflecting sustained bullish momentum, often a sign of more potential gains ahead. Market commentators have also shared a bullish outlook. According to trader Team LAMBO Charts, KAITO has broken out of a bull flag pattern and has set a price target of $3, provided it first pulls back to $2. If KAITO reaches $3, he expects it to climb even higher, potentially hitting $5 in the long run. Fellow trader CryptoBull_360 predicted a similar price target, noting that the altcoin has broken out of a symmetrical triangle pattern, another bullish signal on the 1-hour chart. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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