Kaspa coin has come up as a short term trade with a breakout on the charts for this crypto coin.
Remains in a long-term Uptrend, trading in a Channel Up pattern. Pullback to $0.15 support and 200-day moving average is a swing trade opportunity with +35% upside potential to $0.19. Stop Loss at $0.135.
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KAS Crypto Price Analysis
- Current Price: $0.1657
- Market Cap: $4.04 billion
- 24-Hour Trading Volume: $86.61 million
- Circulating Supply: 24.45 billion KAS
- Total Supply: 28.70 billion KAS
Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines.
With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side.
Weekly Price Analysis
- 7-Day Change: +3.30%
- Week Open Price: $0.1605
- Price Performance: Kaspa outperformed the global cryptocurrency market, which saw a decline of -5.30% over the week.
- Trend: Short-term trend is Neutral, Medium-term trend is Neutral and Long-term trend is Strong Up.
- Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
- Support and Resistance: Nearest Support Zone is $0.15, then $0.125. Nearest Resistance Zone is $0.194, then $0.24.
Indicators
- RSI (Relative Strength Index): 62.5 (indicating slight bullish momentum)
- MACD (Moving Average Convergence Divergence): Histogram shows a bullish crossover, with the MACD line crossing above the signal line.
- Bollinger Bands: Price is near the upper band, indicating potential overbought conditions.
News Roundup
- Kaspa’s Growth: Kaspa has seen steady growth due to its unique implementation of the GHOSTDAG protocol, which allows for high block rates and minimal confirmation times.
- Community Development: As a community-driven project with no central governance, Kaspa continues to attract developers and users interested in scalable Layer-1 solutions.
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