KTA: Wallet Dump Triggers 37% Crash
KTA plunged 37% after a new wallet bridged in 9.3M tokens and sold for 1902 ETH, with GALA also dropping 15% in the same move.
SourceAnalysis
A newly created wallet bridged in 9.3M KTA and 2B GALA before dumping both into 1902 ETH, triggering a 37% KTA crash and 15% GALA slide in hours.
Price action on the 4h chart shows KTA at $0.06 sitting below EMA50 at $0.09 and EMA200 at $0.11, locking in a bearish trend structure. RSI at 13.54 marks extreme oversold momentum while the MACD death cross keeps downside pressure intact. With price testing the lower Bollinger support near $0.08, any relief rally faces immediate resistance at the upper band of $0.11 before the 50-EMA can act as the next meaningful level. Traders tracking KTA price prediction models now price in continued volatility from this crypto market crash event.
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