Key Takeaways
Why did Keeta [KTA] surge 17%?
Coinbase listing and a 13.6% Smart Money jump boosted trading activity.
What are traders watching next?
Bulls aim for a $1 breakout, though holding above $0.49 remains key for momentum.
Keeta [KTA], a Layer 1 blockchain designed to unify payments and enable seamless cross-chain transactions, rebounded strongly after dropping below its launch price.
The token surged by 17% in the past 24 hours, driven by exchange developments and increased investor activity.
KTA’s data on CoinMarketCap showed a 42% rise in daily volume at press time, pushing total trading to $26 million as holders crossed 125,000.
A 10% volume-to-market-cap ratio suggested adequate liquidity for active trading.
What’s behind KTA’s surge?
The rally followed KTA’s listing on Coinbase, which fueled demand, particularly from U.S. users. Coinbase had added KTA to its roadmap last month alongside Binance Coin [BNB].
However, the token was viable for limit orders only at the time of listing. On-chain data showed that Smart Money accumulation accompanied the event.
According to Nansen AI, Smart Money holdings in KTA on Base jumped 13.63% to 1.7 million tokens within 24 hours.
Source: Nansen AI
At the same time, Whale activity remained muted, while Exchange balances fell 4.97% to 51.26 million. The top 100 addresses added roughly 0.78%, indicating moderate accumulation by large holders.
Can Keeta reclaim $1?
According to the 12-hour chart, Keeta was recovering from the lows of around $0.24 over the past days.
In addition, the token was trading at approximately $0.58 when writing, which represented more than 17% in a day.
The breakout above $0.40 — its launch price and recent resistance — hinted at short-term bullish intent after surpassing the lower high at $0.43.
Fibonacci retracement levels indicated that the targets may be $0.65, $0.85, and $1.15. According to a post by analyst Luke Belmar on X, the next target for KTA was $1.
However, the above-mentioned levels could be resistance areas in case KTA continues to rise.
But any inability to retain above $0.49 would be a temptation to renewed selling, maybe returning to $0.43 or lower.
Source: TradingView
Despite the short-term rebound, KTA has remained in a broader downtrend since mid-September. Bulls need to reclaim the $0.75–$0.85 range to confirm a trend reversal.
The overall sentiment stayed cautiously optimistic, with traders awaiting higher volume and sustained follow-through to validate the rally.
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