X Bans User-Rewarding Apps, Kaito Token Plummets 20%
- Policy Impact: X's announcement to ban apps that reward users for posting led to Kaito's token plummeting from $0.70 to $0.56, reflecting a more than 20% drop within 24 hours, directly undermining market confidence in InfoFi projects.
- API Access Revoked: X revoked API access for InfoFi projects to tackle the surge in automated spam and low-quality content, resulting in an 11.5% decline in the overall market value of the InfoFi ecosystem.
- Developer Support Initiative: X has committed to supporting developers affected by the policy change, allowing them to transition their projects to other platforms like Meta's Threads or Bluesky, aiming to mitigate the impact of the policy shift.
- Swift Market Reaction: Projects like Kaito and Cookie DAO lost millions shortly after the policy announcement, and while the crackdown aims to enhance user experience, it has significantly disrupted the InfoFi ecosystem.
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Technical Analysis for KAITO
Technical Sentiment Analysis for KAITO (KAITO) As of , KAITO (KAITO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for KAITO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, KAITO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
KAITO (KAITO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.135 | 0.201 | 0.27 | 0.335 | 0.404 | 0.469 | 0.538 |
| Fibonacci | 0.201 | 0.252 | 0.283 | 0.335 | 0.386 | 0.417 | 0.469 |
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