KITE surges 23% into key resistance but faces likely pullback amid rising sell pressure.

KITE's market value jumped about $48.6 million, rising 23% during a crypto rally. However, it hit a strong resistance zone marked by the 0.786 Fibonacci level, where many sell orders are clustered, suggesting a pullback is likely. Indicators like the Chaikin Money Flow and Aroon suggest buyer momentum is fading, and spot market data shows investors are selling, with net outflows of $312,000 against $5.72 million in total sales. If support levels fail to hold, KITE's price could decline further, signaling a shift to bearish control.