Keeta price has rebounded in the past few days, moving from a low of $0.7198 in August to over $1 today. This rebound could be the beginning of a prolonged bull run for several reasons, including the upcoming mainnet launch, technicals, and exchange listings.
Reasons Why Keeta Price May Surge Soon
Keeta is an upcoming crypto project whose goal is to link traditional finance and decentralized finance (DeFi). Its top advantage is that it can handle over 11 million transactions per second (TPS), making it highly scalable.
The first reason why Keeta price may be on the cusp of a strong bullish breakout is that the developers recently created a fund with 400 million KTA tokens called Strategic Reserves.
This fund was made by merging the early investors and team allocations into one. It will be used to fund its ecosystem and will not be sold.
Second, there are signs that more crypto exchanges will list KTA soon since it is now available in a handful of companies. Coinbase has added it to its listing roadmap, a sign that it will become available soon. Other exchanges that may consider this listing are OKX, Upbit, and Binance.
Third, Keeta price may surge soon ahead of the mainnet launch, which the founder has hinted will happen this month. Crypto tokens tend to jump sharply ahead of a major event such as its mainnet launch.
The only major risk that Keeta token faces is that whales and smart money investors have been selling it in the past few days, while the supply in exchanges has jumped.
Whales hold 81.6 million tokens, down from last month’s high of 82.7 million, while smart money investors hold 8.23 million tokens, down from 8.81 million. The amount of Keeta in exchanges rose by 42% in the last 30 days.
KTA Price Technical Analysis
The daily timeframe shows that the Keeta price has rebounded in the past few days. It has jumped from a low of $0.7198 earlier this month to $1.032 today.
KTA price has moved above the 50-day and 25-day Exponential Moving Averages (EMA), which is a bullish sign. It has also moved above the ascending trendline that links the lowest swings since May.
Therefore, the token will likely continue rising as bulls target the key resistance at $1.5663, the highest point in August, which is 53% above the current level.
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