The KAIA/USD one-day chart reveals a notable uptick in the altcoin’s Chaikin Money Flow (CMF), currently sitting at 0.15. This indicates a steady inflow of capital and heightened investor demand. The CMF, which blends price and volume data, serves as a gauge of accumulation or distribution in the market.
Positive CMF readings above zero suggest that KAIA has been closing more frequently in the upper range of its recent price action, a sign of sustained buying pressure.
With the indicator steadily climbing, bullish momentum appears to be strengthening, potentially setting the stage for the next leg higher in price.
Positive CMF readings above zero suggest that KAIA has been closing more frequently in the upper range of its recent price action, a sign of sustained buying pressure.
With the indicator steadily climbing, bullish momentum appears to be strengthening, potentially setting the stage for the next leg higher in price.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.