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$KITE Empty Empty Empty📉
KITE, a blockchain-based travel rewards project, has recently faced intensified industry competition, coupled with the overall market funds flowing back into Bitcoin. The project team took profits, causing the coin price to be cut in half.
Technical analysis on the 4-hour chart: Price broke below the middle band of the Bollinger Bands, KDJ indicator shows a death cross downward, and the bearish force is overpowering the bulls.
First target: 0.26
Second target: 0.24
Stop loss: 0.29
$btc $ETH