KAITO Breakout Sparks Bullish Setup as Circulating Supply Hits 24%

• KAITO broke two key downtrend lines, with fresh momentum pushing the price past $0.94 and setting sights on the $1.00 mark.
• Volume surged over 50% as KAITO rallied 11%, with technical and on-chain signals aligning to support a sustained bullish setup.
• Kaleo points to ecosystem rewards and rising integrations as reasons KAITO may lead altcoins if broader sentiment shifts upward.

The crypto token KAITO has staged a notable rebound, breaking key resistance levels and signaling renewed market participation. Trading volume has surged as the asset exits its multi-week downtrend and sets up for a possible bullish continuation.

Breakout Above Resistance Reignites Bullish Momentum

KAITO has transitioned from a persistent downtrend to a promising uptrend after breaking out of two descending formations. The first downtrend stretched from late March to April 19, during which the asset steadily declined from nearly $3.00 to around $0.72. Following a sharp recovery, a second descending channel formed between April 28 and May 6, compressing price action within a tighter range.

Source: Crypto Kaleo

After holding firm within a support band between $0.81 and $0.90, the asset surged above short-term resistance. Momentum built steadily as bullish pressure lifted prices toward the $0.95 mark. This movement set the stage for renewed interest, particularly as the price broke beyond the final trendline on May 6.

According to market analyst Kaleo, KAITO’s technical breakout aligns with a larger narrative driven by strong fundamentals. He noted, “With how many projects have continued to integrate themselves post-TGE, and how many airdrops holders and stakers have received, there’s no way this doesn’t giga-send during a real alt season.” He emphasized the consistency of recent airdrop distributions as a driver for long-term holder confidence and network traction.

CoinMarketCap Data Highlights Volume and Circulation Dynamics

The CoinMarketCap snapshot adds depth by revealing rising participation alongside price action. As a result of growing momentum , KAITO’s market cap increased by over 11% to reach $221.06 million, while volume soared 53.35% to $110.61 million. This placed the volume-to-market-cap ratio at 50.03%, indicating strong market engagement relative to valuation.

Source: CoinMarketCap

Building on this information, further analysis shows that KAITO’s fully diluted valuation now stands at $915.81 million, with total and max supply both set at 1 billion tokens. The circulating supply of 241.38 million represents about 24.14% of tokens currently in the market . Despite the earlier pullback, the token has maintained a solid presence, ranking #173 by market cap and drawing attention from over 17,000 watchers across CoinMarketCap’s platform.