KAIA (Kaia) fell 4.42% in the last 24 hours.

Gate News Bot news, June 30, according to CoinMarketCap market data, as of the time of writing, KAIA (Kaia) is currently priced at $0.16, a fall of 4.42% in the last 24 hours, with a high of $0.21 and a low of $0.16. The current market capitalization is approximately $980 million.

Kaia is a new public chain formed by the merger of Klaytn and Finschia blockchains, aimed at providing a Web3 entry point for Asian users. KAIA features a 1-second block time and instant finality, supports account abstraction and gas fee delegation, and is integrated with mainstream social applications like LINE and Kakaotalk, providing a convenient Web3 experience for developers and users. KAIA also supports EVM compatibility and cross-chain interoperability, offering flexibility for developers.

Important news about KAI recently:

1️⃣ KAI price breaks through local resistance level On June 9, KAI successfully broke through the local resistance level of $0.130, with a daily increase of 35.6%. This breakthrough marks the beginning of a new upward trend for KAI, indicating that market confidence in the project has strengthened.

2️⃣ The fall of Bitcoin affects KAI's performance The recent fall in Bitcoin prices has had a certain impact on KAI. KAI encountered a pullback near the resistance level of $0.196 formed at the end of January, indicating that the overall market trend remains an important factor affecting KAI's price.

3️⃣ The technical indicators show bullish signals From a technical indicator perspective, KAI still maintains a bullish expectation. The volume indicator shows that the upward trend is supported by strong demand, while the momentum oscillation indicator (AO) and moving averages also display bullish momentum. These factors collectively support KAI's mid-term upward potential.

From a technical analysis perspective, the $0.140-$0.150 range may become an important support area for KAI, and investors should pay attention to the price performance in this range. Meanwhile, $0.196 and $0.266 are key resistance levels that need to be broken. In the short term, KAI may fluctuate between these key price levels, looking for a breakout direction.

This message is not an investment advice, and investors should be aware of market volatility risks.