Kaspa’s On-Chain Metrics Explode – Will KAS Price Do the Same?

Kaspa (KAS) has interested analysts and crypto enthusiasts due to its surging on-chain metrics. Notably, Kaspa processed over 13 million transactions within a day, showcasing its capacity for high transaction throughput. 

This development has sparked curiosity among traders about whether this growth will translate into price momentum. The tweets from crypto influencers, including @OfficialTravlad and @Theblockvlog, offer insights into Kaspa’s current positioning and market sentiment.

According to @OfficialTravlad, Kaspa stands out as a revolutionary project, particularly in the PoW sector, having set a transaction record. With $KAS processing millions of transactions in a single day, this network activity underscores its scalability. 

Key Support and Resistance Levels for KAS

Analyst @Theblockvlog shared an analysis of Kaspa’s price levels, highlighting a key support range and a crucial resistance point. In his chart, Kaspa’s price has shown resilience at a support zone between $0.1020 and $0.1080, known as the “golden pocket.” 

The buying interest at this level suggests strong support, with multiple price wicks indicating active demand. Meanwhile, a resistance level has emerged at $0.1210, where closing above this threshold could fuel bullish momentum

This critical price point marks a potential breakout zone, with analysts closely monitoring Kaspa’s performance in this range.

Read also: Why Is Lido DAO Pumping? Expert Outlines LDO Price Path to $3

Price Action and Potential Upside

Kaspa’s recent price movement has aligned with @Theblockvlog’s recommendation to focus on assets with solid structure but low hype. The price rebounded from the support level, showing strength in the current market structure. 

Should KAS close above the $0.1210 resistance, it may spark increased interest, potentially driving higher buying pressure and renewed market enthusiasm. This level, once sustained, could pave the way for further gains.

Despite the recent dip in trading activity surrounding Kaspa, analysts believe that assets like KAS could offer strategic opportunities. At the time of writing, Kaspa trades at $0.1167, showing minor swings but maintaining an upward trend over the past week.

Follow us on X (Twitter)CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
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:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo