Investment

Features

Fees Safety

Academy

Pluang+

Home/News Feed/Crypto markets volatile; KITE, H, INJ rally while TON, ICP, PENGU fall sharply.

KITE

Rp2,303

+Rp135 +6.23%

Crypto markets volatile; KITE, H, INJ rally while TON, ICP, PENGU fall sharply.

Market News

17 May 2026

AMBCrypto

View Source

Neutral

Crypto markets experienced a volatile week driven by macroeconomic factors, with Bitcoin briefly surpassing $80k before retreating amid inflation and risk concerns. Infrastructure token Kite (KITE), social crypto Humanity (H), and DeFi protocol Injective (INJ) led gains with rallies of 21%, 14%, and 13.25% respectively, showing strong bullish momentum. Conversely, Toncoin (TON), Internet Computer (ICP), and meme token Pudgy Penguins (PENGU) faced significant declines of 22%, 21%, and 20.3%, reflecting cooldown phases after previous rallies and ongoing market pressure. Investors should watch key resistance and support levels as market sentiment remains cautious.

More News (KITE)

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...

Technical Signals

Neutral

2 days ago