Key Takeaways
- Bullish wave 5 impulse is unfolding with strong momentum.
- $2.44 and $2.92 are key upside Fibonacci targets.
- Retracements toward $2.06–$2.13 are healthy and expected.
KAITO has entered a bullish impulsive phase following a prolonged WXY corrective structure that found its bottom in April.
The 4-hour chart reveals a breakout from a falling wedge, and a clean 1-2-3-4 formation with wave 5 underway.
The 1-hour chart further supports this with micro wave counts pointing to a developing wave 5, suggesting further upside after a brief consolidation.
The current structure indicates bullish continuation, but a short-term pullback is probable before the final impulse unfolds.
KAITO Price Analysis
The higher time frame chart displays a completed W-X-Y correction from the all-time high of $2.90 that ended around $0.68, followed by an impulsive five-wave advance.
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The breakout from the descending wedge pattern marked the beginning of this new uptrend, confirming a shift in sentiment.
The subsequent rally created a clean Elliott impulse (waves 1 through 4), and the price has now pushed past the 0.618 retracement level at $2.06, spiking over 15% today.
With momentum accelerating and the Relative Strength Index (RSI) nearing overbought territory, the structure suggests that wave 5 has likely begun, with more upside room ahead.
Price is now targeting the 0.786 retracement at $2.44, with the macro wave 5 extension aiming at $2.92 at the all-time high.
The prior wave 4 bottom held well at around $1.76, providing a solid support base.
The market remains bullish as long as the price stays above $1.98–$2.06.
A retracement toward these levels is possible but would still preserve the larger structure.
The trend is intact and aligned with Fibonacci extensions and previous supply zones.
KAITO Price Prediction
Zooming into the 1-hour chart, the price has completed subwaves (I) and (II) of wave 5, with wave (III) currently in progress.
The breakout from the symmetrical triangle suggests strong bullish momentum, confirming that the consolidation phase is over.
The current structure anticipates wave (III) extending toward $2.32–$2.44, aligning with the 1.618 and 0.786 Fibonacci targets, before a small pullback in wave (IV).
The RSI is hovering above 70, suggesting that wave (III) may soon pause for a consolidation.
Expect a shallow correction toward $2.13 or $2.06 before wave (V) pushes toward the final $2.92 level, the all-time high.
This final push will likely complete the five-wave impulsive structure.
If RSI divergence emerges on the wave (V) top, it could signal the start of a broader corrective phase after the top is in.
For now, the bullish microstructure remains intact.
Invalidation levels are below $2.06 (0.786 level) and stronger support at $1.98 (ascending triangle base).
These levels must hold to sustain the bullish count.
Key Levels to Watch
Support:
- $2.06 (0.786 Fib),
- $1.98 (triangle base),
- $1.76 (wave 4 bottom)
Resistance:
- $2.32 (1.618 Fib),
- $2.44 (0.786 Fib),
- $2.92 (macro wave 5 target)
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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