Hamster

bullish

Hamster Kombat

MyShell

KAITO

KAITO crypto soared 41.5% on Feb. 27, outpacing the broader crypto market, which fell by 4.1% over the past day. 
According to data from crypto.news, <a href="https://crypto.news/kaito-surges-over-100-after-exchange-listings-but-correction-looms/" target="_blank">Kaito</a> (<a href="https://crypto.news/price/kaito/" target="_blank">KAITO</a>) surged to an intraday high of $2.52, bringing its market cap from $440 million to over $600 million at press time. Its price rally occurred in a high-volume trading environment, with daily trading volume doubling over the past day, reaching over $1.97 billion. 
KAITO’s rally followed a jump in demand among its derivative traders. CoinGlass <a href="https://www.coinglass.com/currencies/KAITO" target="_blank" rel="nofollow">data</a> shows a nearly 66% increase in open interest in the KAITO futures market, hitting an all-time high of $192 million.&nbsp; 
At the same time, its weighted funding rate is bouncing back from negative territory, suggesting traders are turning more optimistic, possibly eyeing profit opportunities. 
The AI-based altcoin also gained traction after AI chip giant Nvidia <a href="https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2025" target="_blank" rel="nofollow">posted</a> bullish Q4 results, with its revenue up 12% from last quarter and 78% year-over-year. AI-related cryptos typically <a href="https://crypto.news/ai-coins-market-cap-hits-ath-following-better-than-expected-nvidias-earnings-report/" target="_blank">tend to ride Nvidia’s hype</a>. Alongside KAITO, MyShell (SHELL) jumped 27%, and CARV (CARV) soared 68%. 
 You might also like: <a href="https://crypto.news/bitcoin-price-under-pressure-as-5b-options-expiry-looms/"> Bitcoin price under pressure as $5b options expiry looms </a> 
Meanwhile, whales have also taken an interest in the token. An unidentified whale wallet has <a href="https://x.com/OnchainDataNerd/status/1894945883483156869" target="_blank" rel="nofollow">bought back $1.39 million</a> worth of KAITO, according to data from Arkham. The same whale sold over 110,000 airdropped KAITO tokens last week.&nbsp; 
Whale activity is often seen as a bullish signal by retail investors, which likely added fuel to today’s rally. 
<h2 class="wp-block-heading" id="kaito-price-analysis">KAITO price analysis</h2> 
Multiple technical indicators have flagged bullish signals. On the 4-hour KAITO/USDT price chart, KAITO has been forming higher highs and lower lows, suggesting that the buying pressure is significantly higher than the selling pressure.&nbsp; 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1804" height="846" src="https://crypto.news/app/uploads/2025/02/KAITOUSDT_2025-02-27_13-58-37.png" alt="Here’s why KAITO rallied over 40% today - 12" class="wp-image-14340997">
 <figcaption class="wp-element-caption">
 KAITO price, Aroon and RSI chart | Source: <a href="https://crypto.news/price/kaito/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
It has also broken past resistance at $2.1, which it failed to surpass three times in February. 
The Aroon Up indicator at 100% and Aroon Down at 21.43% confirm strong buying pressure, signalling a dominant uptrend. Meanwhile, the Relative Strength Index is holding at 82 for the second straight day, reflecting sustained bullish momentum, often a sign of more potential gains ahead.&nbsp; 
Market commentators have also shared a bullish outlook. <a href="https://x.com/TehLamboXcharts/status/1894821729433985104" target="_blank" rel="nofollow">According</a> to trader Team LAMBO Charts, KAITO has broken out of a bull flag pattern and has set a price target of $3, provided it first pulls back to $2. If KAITO reaches $3, he expects it to climb even higher, potentially hitting $5 in the long run. 
Fellow trader CryptoBull_360 <a href="https://x.com/CryptoBull_360/status/1894679609129738393" target="_blank" rel="nofollow">predicted</a> a similar price target, noting that the altcoin has broken out of a symmetrical triangle pattern, another bullish signal on the 1-hour chart. 
 Read more: <a href="https://crypto.news/hmstr-price-could-rise-260-after-hamster-kombat-l2-launch/"> HMSTR price could rise 260% after Hamster Kombat L2 launch </a> 
 Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Here’s why KAITO rallied over 40% today

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