YouTuber Predicts Kaspa (KAS) Price is About to ‘Explode’ – Here’s How

A video uploaded on YouTube by CRYPTO BLOCKS discussed signs that show Kaspa’s price could be about to explode. The speaker acknowledges the recent market downturn and describes it as depressing. Despite the drawdown, the speaker shares optimistic views about the market’s potential rebound.

The crypto analyst examines the weekly chart of Total Two, noting the market’s structure from 2017 and comparing it to the current structure. They highlight a similarity in the candle patterns, suggesting a potential upward trend if the current structure mimics the past.

A similar analysis is conducted on Total Three (excluding Bitcoin and Ethereum), showing how current patterns align with past bullish trends. An ABC structure appears to be completing, indicating a possible upward movement.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Bitcoin and General Market Sentiment

Crypto Blocks emphasizes the importance of Bitcoin breaking resistance levels to signal a broader market uptrend.

They mention bullish divergence on the daily RSI for Bitcoin, suggesting potential upward movement.

The video touches on gold as a risk-off asset, noting its current price levels and implications for the broader market. The speaker also references the Russell 2000 index, explaining its role in indicating overall market health.

Read Also: XRP Price Pumps as SEC Announces Secret Meeting – Is It About Ripple?

Kaspa Price Explosion

Kaspa ranks number 23 with $48 million in daily volume and a market cap just over $4 billion.

Despite being down 1.4% for the day, the speaker expects this to change due to market conditions.

The speaker discusses Kaspa’s price pattern, noting a significant bottom touch four times and the upper area twice, suggesting a solid support level.

Various timeframes (12-hour, 8-hour, 4-hour, daily, 3-day, 5-day) show different RSI conditions, with some indicating bullish signs.

KASPA KAS SIGNS THIS MARKET IS ABOUT TO EXPLODE !!!!

The speaker provides a detailed technical analysis, highlighting potential pullback levels and future price targets. They mention a possible ABC pattern forming, with a target of around $0.185 in the short term.

If the broader market (especially Bitcoin) breaks out, Kaspa could potentially reach and surpass $1 during this bull run.

The crypto analyst expresses a strong belief in a market rebound and encourages viewers to stay optimistic. They reiterate their expectation of a significant market movement, especially for Kaspa, driven by broader market trends and technical indicators.

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:

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