- Keeta shot past $0.9, only to be met by the stubborn sellers who absolutely adore $1
- Recent demand spikes suggest that a breakout is near, but don’t hold your breath just yet
Keeta’s [KTA] crypto bulls, having wisely embraced May, found themselves in a curious situation. Despite the market cap growth stagnating at a mere $1.12 trillion, the capital inflows into Keeta crypto didn’t even flinch. In fact, since May 10th, KTA has rallied by an astounding 359% — and yes, we’re all wondering how that happened.
On May 19th, the “high-performance Layer 1” token made its grand debut on BitMart. And let’s not forget the SDK release on May 16th, because why wouldn’t you want more software to admire? The token boasts a maximum transactions per second (TPS) of 47,500, with 1,722 txns/s reportedly achieved just this Monday, according to Chainspect data. One might wonder, who’s counting?
From May 19th to June 1st, Keeta traded within a modest range of $0.62 to $0.9, with a mid-range level of $0.76. Not the most exciting of ranges, but hey, it’s a range! At press time, the token broke out beyond the range’s high, only to return and test the same level as support. Classic crypto behavior, right?
But here’s where things get a little spicy: the 24-hour trading volume surged by 169% (thanks, CoinMarketCap!) — a trend that’s got bulls licking their lips, hoping for more.
Keeta Crypto’s Approach to the $1 Mark – Will it Breach the Sacred Psychological Barrier?
The 1-hour chart from the past two weeks showed that Keeta was perfectly content forming a little range. During May 22-23, a Fibonacci retracement and extension level was plotted based on KTA’s movement from the high to the low of the range.
It turned out that the 50% retracement level at $0.76 was quite comfy, sitting neatly with the mid-range level. A quick glance at the chart reveals that this level was respected like a cherished friend since May 19th. The range was solid, like a firm handshake.
After all that dramatic price action earlier in May, it seems that Keeta was simply taking a breather, under $1 no less, and perhaps plotting its next move. Oh, and the On-Balance Volume (OBV) has been steadily rising in recent weeks, indicating a persistent, albeit patient, demand.
At press time, the RSI was positively giddy, signaling strong bullish momentum. If you’re wondering about price targets, well, the immediate ones are at $0.989 and $1.1. We’ve all been there, watching for the next move. Hang on tight.
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2025-06-03 08:13