The post KITE hits new ATH after 26% surge – More gains ahead? appeared on BitcoinEthereumNews.com.

KITE bounced back with strength from a $0.18 slip, clearing all February losses. After successfully defending $0.2, the altcoin jumped to a new all-time high of $0.3036 At the time of writing, Kite [KITE] was trading at $0.3099, up 26.29% on the daily charts. This price uptick was backed by 156% jump in trading volume – A sign of greater market participation.  KITE buyers pile in, defending key levels After KITE dropped to a low of $0.21 three days ago, buyers stepped in and aggressively bought the dip. In fact, buyers’ strength skyrocketed too while outpacing sellers. In fact, a look at the Buyer Seller Strength metric revealed that buyers have dominated the market for two consecutive days.  On 5 March, their strength jumped to 86. A day later, it climbed to 93, compared to 6 for sellers.  Source: Tradingview The Buyer Seller Dominance further validated these market dynamics. Over this period, Buyer Dominance exceeded 46 million, recording figures of 26 million at press time.  Traditionally, sustained market demand has strengthened upward momentum, leading to higher prices.  Profit takers threaten to spoil the party! As expected, after the altcoin rallied to a new all-time high, holders and investors rushed into the market and cashed out. According to Coinglass, the altcoin’s Exchange Inflows surged to $32.2 million, compared to $30.9 million in outflows.  Source: Coinglass As a result, KITE’s Spot Netflows jumped by 215% to $1.28 million. Usually, when netflows are positive, it means more sell-side activity than buy-side activity.  Such market conditions have tended to cause higher downside pressure as the supply available to sell rises – A prelude to price pullbacks. What does the momentum indicator say? KITE reached another high as buyers dominated the market, and profit takers’ attempts proved inadequate to derail the upward momentum. In doing so, its…

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Filed under: News - @ March 7, 2026 2:25 am