Kaito (KAITO) price has surged 20% as it prints a second leg up as bullish momentum builds – is another 100% move on horizon?

Kaito (KAITO) price is up 20% in the past 24 hours, currently trading at $2.19 with trading volume picking up 50%.

Kaito (KAITO) price has surged 20% in the past 24 hours, currently trading at $2.19. The surge comes as the price appears to be printing another leg up after clustering in a tight range between $1.70 and $1.90 for about a week.

That clustering followed a sharp rally between May 6 and May 10, during which KAITO surged from an opening price of $0.79 on May 6 to close at $1.98, marking an approximately 150% gain in just four days.

The increase in price has also brought Kaito into the no. 70 spot on CoinMarketCap’s overall crypto ranking, currently sitting at no. 64 on the DeFi charts.

Kaito price could be testing key resistance area - same zone where price stalled after breaking down from ATH

The surge has brought Kaito into the no. 70 spot on CoinMarketCap’s overall crypto ranking, currently sitting at no. 64 on the DeFi charts.

A clean break above $2.50 would likely pave the way for a retest of the $2.90 ATH. Given that the previous upward leg saw a gain of over 100%, a move toward this level seems very likely provided momentum keeps building at the same rate.

The RSI is currently at 69, nearing overbought territory. The MACD remains in bullish territory with the MACD line still comfortably above the signal line, although a tapering histogram suggests a slight deceleration in momentum. However, volume has been more or less consistent since the May 7 breakout.

On the development side, KaitoAI recently updated its Kaito Pro Mobile Beta. The new features include direct access to Token Mindshare heatmaps, insights on top gainers and losers, and an upgraded metasearch function that allows users to search any token’s mindshare across platforms.

In addition to these updates, Kaito’s Yapper community has been going strong thanks to the Yapper Launchpad. This platform allows community members to vote on which pre-token generation event projects should get into Yapper Leaderboard, with voting power determined by the number of Yaps and Smart Followers a user has.

Kaito also launched the Rewards Station as part of its Kaito Earn platform, which enables users to discover rewards tied to Yapper Leaderboards, with weekly payouts distributing $5,000 in sKAITO tokens to the top 50 Yappers and the top 50 Emerging Yappers.