The Kaspa price pumped 11% today and is now trading over $0.16. This is the highest KAS since September.
2xnmore analyst posted a viral Kaspa chart today that’s getting a lot of attention from traders.
Kaspa Chart Shows Strong Upward Movement
Looking at the chart, KAS is trading at $0.168146 right now. The Kaspa price has been pretty volatile lately, with some big ups and downs. What’s interesting is that it just broke out from the $0.10-$0.12 range where it was trading before.
The overall trend looks good – we’re seeing higher lows and higher highs, which is typically a bullish sign. Even though there have been some dips along the way, the price keeps climbing back up. There’s solid support around $0.10-$0.12, with the price bouncing off these levels several times.
The MACD, a popular technical indicator, is showing some bullish signs as it moves above the signal line. The RSI is also moving up, though it’s getting close to overbought levels, which might mean we’ll see some consolidation soon.
2xnmore pointed out that KAS tends to “be in it’s own league and pump when it feels like,” suggesting it doesn’t really follow what the rest of the market is doing. While there’s some resistance around $0.20-$0.25 where the price got rejected before, KAS seems to be making another push toward these levels.
Read also: How Much Will 65,000 KAS Tokens Be Worth by 2025? Kaspa Price Prediction
The chart suggests more upside could be possible, but the key will be whether KAS can break through that $0.20 mark. If it doesn’t, we might see it pull back to test support at $0.15 or even lower. As always with crypto, the price can be pretty unpredictable, so traders should keep that in mind.
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