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KITE token faces further decline as holder count drops and short traders increase positions.

Market News
27 Mar 2026
AMBCrypto
View Source
Bearish
pluang ai news

KITE is in a bearish phase with declining holder numbers and market capitalization dropping by $57 million since March 24. Despite a high circulating supply, demand is weakening, causing prices to fall 11% in 24 hours amid rising trading volume. Perpetual futures traders are increasing short positions, pushing the funding rate to its lowest since early March, signaling strong bearish momentum. Liquidity data suggests KITE could drop to $0.175 before any potential recovery, but the current trend favors further downside risk.

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