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I know everyone is chasing the next 100x but check this out. It's not what you think.
This $KITE chart is completely parabolic. We're talking a 193% pump in a single candle.
This is a new listing or a massive whale move. Volume is huge, over 91M USDT traded.
The good news? It ripped from $0.03 all the way up to $0.125. The current price is settling around $0.088.
The bad news? There is zero support below us. This is pure speculation right now, a classic "seed" token frenzy.
Do not try to catch this falling knife. Wait for the market to give us a proper 15-minute or 1-hour candle close to establish some kind of floor. Until then, it's just gambling.
I'm watching to see if it holds $0.08 or if it completely collapses back to its launch price. Don't be the exit liquidity.
#kite #GateFunMemeFrenzy