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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Show more +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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