KAIA Rallies 63.96% After Upbit Plans Three New Markets

Kaia (KAIA) surged 63.96% to $0.0605 on Oct. 9 after Upbit planned to add markets against the Korean won, Bitcoin (BTC) and Tether (USDT), pushing the token to levels last seen in February and May.

KAIA rose from $0.0369 during the move. Upbit’s planned KAIA market expansion preceded the rally and would give the token additional trading pairs on the South Korean exchange.

Trading activity increased sharply. Volume on the Binance KAIA/USDT spot pair rose nearly 21-fold, while open interest in KAIA perpetual contracts climbed 431% over 24 hours.

The rally challenged the weekly supply zone around $0.06. A move above $0.065 would mark a bullish continuation signal, while the $0.0969 swing high remains the level needed for a broader shift in the weekly structure.

Weekly relative strength index and on-balance volume reached yearly highs. Chaikin money flow also moved into positive territory but remained below 0.05.

The advance left a potential correction area near $0.045. A decline below $0.04 would weaken the bullish setup, while $0.10 represents psychological resistance.