Kaia surges 70% monthly, but this points to a pullback ahead

KAIA reported a remarkable 70% gain this month, thanks to robust transaction activities that peaked recently, reaching a notable monthly high. This surge reflects increased confidence and participation among market players.

However, despite the optimistic on-chain activity, off-chain metrics indicate potential challenges ahead. Derivatives market sentiment has turned bearish, suggesting that KAIA could face downward pressure and price corrections.