KAITO breaks out of descending channel, gaining 11% with potential for 5-13% more upside.

KAITO surged about 11% after breaking above the upper boundary of a descending channel, a technical pattern that often signals a trend reversal. Momentum indicators like MACD and Money Flow Index support continued buying pressure, suggesting the rally could extend 5% to 13% higher if the new support level holds. Market sentiment is also bullish, with over 90% of surveyed traders expecting further gains. Maintaining support above the breakout level is crucial for sustaining this positive trend.