KITE Soars 13% While 64% of Binance Traders Still Bet Against It 🤡

KITE extended its recovery as capital rotated into the AI-agent infrastructure narrative, pushing the token to $0.1203, a 13.49% gain over the previous 24 hours. Daily trading volume climbed 54.20% to roughly $48.88 million, indicating fresh participation accompanied the rally.

Despite those gains, Binance positioning data showed leveraged traders remained skeptical. Among top trader accounts, 63.94% held short positions versus 36.06% long, producing a Long/Short Ratio of 0.56. Position-based exposure told a similar story, with 55.22% allocated to shorts against 44.78% to longs, for a ratio of 0.81. The figures suggested experienced participants continued to expect the rebound to fade rather than develop into a broader trend reversal.

Technical indicators offered mixed signals. KITE rebounded from $0.1018 support and approached first resistance near $0.1459, but the Parabolic SAR continued printing above the candles, keeping the broader trend classified as bearish. The MACD line remained below the signal line, though the histogram turned progressively less negative, indicating weakening bearish pressure as buyers regained ground over recent sessions. A sustained move above $0.1459 would likely improve technical conditions further, while a failure to hold above $0.1018 could reinforce the prevailing downtrend and delay any confirmed reversal.

Liquidation Heatmap data pointed to concentrated short positions above the current price, with the nearest cluster near $0.124 and denser pockets between $0.128 and $0.135. Those levels represented areas where additional upside could force short sellers to close positions, while downside liquidity sat comparatively lighter beneath the market. Such crowded bearish positioning increased the probability of forced buying if KITE continued advancing, though sustained demand, rather than short covering alone, would determine whether the recovery extended.