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Recently, KAITO has undergone a significant adjustment. Since the API access was revoked, the project's tokens and NFTs have experienced noticeable selling pressure. The price has dropped from 0.7473 all the way down to a low of 0.5196, currently hovering around 0.53, a decline of over 29%. Many staking positions have not yet been stopped out.
What’s more concerning is the upcoming unlocking pressure—8.35 million KAITO tokens will be released on January 20. Once these staked tokens are unlocked and become liquid, can they withstand potential sell-offs? This is a point that warrants a question mark.
From a technical perspective, this decline has already formed a clear resistance level. In the short term, if a rebound occurs but fails to break through the key resistance, small-position shorting could be a risk-controlled approach. Of course, the market is ever-changing, and specific operations should depend on the actual market performance. What are your thoughts on the subsequent trend? Would you like to share your ideas below?