KITE altcoin rises to $0.14 but faces strong selling pressure amid cautious market sentiment.

KITE altcoin has rebounded from recent lows, climbing to $0.14 after breaking $0.13 resistance and flipping the 20-day EMA, signaling potential trend reversal. However, despite this price rise, selling pressure remains high with significant outflows in futures and perpetual contracts, indicating cautious investor sentiment. If selling continues, KITE could drop back to $0.11 support, but if buying strengthens, it may challenge the $0.147 resistance level next. The market remains risk-off, making the uptrend uncertain for now.

KITE is trading at Rp2.340 on Pluang, down 6.14% as of Sep 24, 2026 03:23 WIB, showing some selling pressure despite the recent price rebound noted in the article. The market cap stands at Rp5,86 trillion with a 24-hour volume of Rp492,61 million, while order activity leans heavily toward selling at 65%. This cautious sentiment aligns with the article's mention of high selling pressure and an uncertain uptrend for KITE.