Kaspa Ready to Pump Again, but Bulls Must First Defend Key Price Level Following +4 Million KAS Sell-Off on Major Exchange

According to a tweet from “KASPA Enthusiast 𐤊” (@KASPAEnthusiast), Kaspa (KAS) is gearing up for another bullish run. The enthusiast expressed optimism, stating that “#kaspa is getting ready, after brief resistance, the 16 cents were broken through again $kas has recorded a strong rise in the last few hours.”

Concern Over Large Kaspa Sell-Off

However, the excitement surrounding Kaspa’s potential upswing has been tempered by a significant sell-off on a major exchange. “Mr. Kaspa” (@KaspaGuru) expressed concern over the large dump, tweeting, “Why do people keep selling their $KAS in big chunks like this? There are better ways to off-ramp if you need to sell. 4 million #Kaspa just dumped on MEXC.”

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

Technical Analysis and Crucial Support Level

A deeper look into the Kaspa chart reveals that the price has bounced off support at $0.14, followed by an engulfing candlestick yesterday. Today, the bulls will be looking to defend this crucial support level and push the price higher for a chance to break above the all-time high set in late February.

The Kaspa community seems divided, with some expressing bullish sentiment while others are concerned about the large sell-off. Nonetheless, the technical analysis suggests that the price has found support, and the bulls must defend this level to continue the upward momentum and potentially set new all-time highs.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo