Kaspa’s KAS Chart ‘the Hottest’ Right Now as Pattern That Propelled Last 200% Rally Reemerges

According to crypto analyst KASPA Enthusiast, the KASPA token (KAS) currently has one of the hottest charts in the crypto world. KAS is consolidating around its recent all-time high of $0.15, right after surging 200% in its last major rally.

“#kaspa probably has the hottest chart in the #crypto world,” tweeted KASPA Enthusiast. “$kas is currently consolidating around the last all-time high. This is exactly what Kaspa did at the last all-time high of 5 cents, only to rise directly to 15 cents afterwards…”

This consolidation pattern mirrors the price action seen around KASPA’s previous all-time high. After hitting 5 cents, KAS consolidated before breaking out to 15 cents for a 200% climb. Now, with KAS hovering between $0.137 and $0.144, another major move looks imminent.

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Breakout or Breakdown Could Be Significant for KAS
Price Further analysis shows the tightening price channel means a breakout or breakdown from this range could have significant impacts on KASPA’s price action. Given the strength KAS has shown recently and current optimism in the altcoin market, there is a strong chance bulls could propel KAS to fresh all-time highs. However, various factors could also affect its short-term trajectory.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.