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- 1 KAS coin price reveals buyer accumulation and stretching the up move decisively.
- 2 Buyers have gained momentum and are willing to escape $0.2000 shortly.
Kaspa coin (KASPA) price displayed follow-on buying momentum and sharply jumped above the neckline hurdle of $0.1500. Moreover, the coin revealed a descending triangle pattern breakout and higher high swings were formed on the charts. The coin will continue to gain momentum and soon climb above the round mark of $0.2000.
KAS coin price has climbed above the significant moving averages and has reached the bullish trajectory, conveying the bulls dominance. The technicals are suggesting that the coin has rebounded from the 100-Day EMA and retained gains. Following the market surge, the coin was involved among its peers and surged over 40% this month, spreading the bullishness.
The Kaspa coin (KAS) price was $0.1707 at press time, with an intraday gain of 4.50%, showing neutrality on the charts. Moreover, the trading volume has increased by 53.63% to $63.77 Million. The pair of KAS/BTC is at 0.00000301 BTC, and the market cap is $3.89 Billion. Kaspa coin has a monthly return ratio of 59.62% and 1795.78% on a yearly basis. Analysts are bullish and suggest that the Kaspa crypto (KAS) price will continue to stretch upward and may retest $0.2000 soon.
KASPA Displays Descending Triangle Breakout, Can KAS Reach $0.2000?
On the daily charts, the KAS coin price has been outperforming, revealing a breakout above the trendline hurdle of $0.1300 and jumping massively in the last sessions. However, the coin must surpass $0.2000 to initiate a rally toward $0.2200, followed by $0.2500.
The RSI curve stayed in the overbought zone and formed a positive divergence, signifying the bullish momentum on the charts. Similarly, the MACD indicator shows a bullish crossover and formed green bars on the histogram, suggesting a bullish outlook for the following sessions.
Kaspa Guides Bullish Momentum, Is KAS Anticipating a Rally?
The Kaspa coin price was in an uptrend and has enjoyed gains in the blue skyzone amidst the market bullishness. The trend is intact, and a further short-covering move will soon lead the coin toward $0.2000.
As per the price action, the uptrend path suggests that a retracement toward $0.1500 will be a buying opportunity for the reversal toward $0.2300 in the coming sessions. Per the Fib extension tool, the coin may jump toward $0.1970, followed by $0.2186 in the upcoming sessions.
Summary
The Kaspa coin (KAS) reveals an uptrend, and buying momentum displays outperformance on the charts. Furthermore, the trend is intact; buyers will continue to stretch the gains and reach $0.2000 soon.
Technical Levels
Support Levels: $0.1500 and $0.1300
Resistance Levels:$0.1800 and $0.2000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
