Crypto analyst Dark Horseman (@Dark__Horseman) recently highlighted an important technical level to watch for the KASPA (KAS) cryptocurrency. In a Twitter post, Horseman noted that KAS/USDT has been in a bullish trend since June, with the price now looking to break a key diagonal trendline.
According to Horseman, the volume profile point of control (POC) is currently at $0.049, which intersects nicely with the diagonal trendline. This confluence signifies the importance of this level. Horseman believes that positive price action around this $0.049 level would signal that KAS price is preparing for a significant rally.
With KASPA having strong fundamentals as a decentralized blockchain network focused on scalability, security, speed and low fees, analysts like Horseman are keeping a close eye on the charts for bullish technical signals.
The $0.049 level highlighted by Horseman appears to be a critical area to monitor. A decisive break above this resistance could spark the next leg up for the KAS cryptocurrency. Traders may want to watch for increased trading volume and bullish candlestick patterns around this level.
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