Convergence

Kaspa

Rally

Show

Simply

<p>The analysis of Kaspa (KAS) <a href="https://twitter.com/Leinnner/status/1699245313528406160" target="_blank" rel="noreferrer noopener nofollow">shows </a>that the MACD (Moving Average Convergence Divergence) is tantalizingly close to a bullish crossover, a sign often considered a green light by traders. For the uninitiated, MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="811" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-811x1024.png" alt="" class="wp-image-329331" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-811x1024.png 811w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-238x300.png 238w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-767x969.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-1216x1536.png 1216w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-1622x2048.png 1622w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-119x150.png 119w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-100x126.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-277x350.png 277w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94-788x995.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-94.png 464w" sizes="(max-width: 811px) 100vw, 811px">
</figure> 
<p>The RSI (Relative Strength Index), another crucial indicator, has also crossed its threshold. This oscillator measures the speed and change of price movements and oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30.</p> 
<p>The market is far from oversold, and all signs point to a turnaround. It’s as if the stars have aligned, and the chart is a mirror reflecting past patterns.</p> 
<h2 class="wp-block-heading" id="the-bullish-engulfing-candle-a-ray-of-hope">The Bullish Engulfing Candle: A Ray of Hope </h2> 
<p>Adding fuel to the fire is the appearance of a <strong>Bullish Engulfing Candle</strong> on the daily chart. This pattern typically occurs at the end of a downtrend and signals a potential reversal. It’s like the market is whispering in our ears, “Hold on, the tide is turning.”</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div>  
<p>Let’s not forget the <a href="https://twitter.com/Cryptographur/status/1699219870355730690" target="_blank" rel="noreferrer noopener nofollow">MONTHLY </a>support level of $0.03248, a number derived from the prior All-Time High (ATH). This support level has held strong, acting as a safety net for the asset.</p> 
<p>The chart <a href="https://twitter.com/OPBLCKCHN/status/1699327075512164391" target="_blank" rel="noreferrer noopener nofollow">predictions</a> were spot-on. KAS saw a bounce from the support level of $0.033, and now the price is ascending, challenging the resistance at $0.036. The RSI is also showing signs of reversal. The next move? Wait for the price to either falter at this resistance or break through the $0.036 ceiling.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="593" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-1024x593.png" alt="" class="wp-image-329340" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-1024x593.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-300x174.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-767x444.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-1536x889.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-2048x1185.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-259x150.png 259w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-605x350.png 605w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-95-788x456.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Once again, the chart doesn’t lie. The next milestone is for the price to shatter the $0.036-$0.037 resistance to confirm a breakout. If the price gets rejected, we could be looking at a consolidation range between $0.033 and $0.036.</p> 
<p>For those <a href="https://twitter.com/MazeLynn97/status/1699016027483287901" target="_blank" rel="noreferrer noopener nofollow">looking</a> to increase their $KAS holdings, the asset is currently in a delectable range for accumulation. The price is gradually dipping, which is music to the ears of those practicing DCA (Dollar-Cost Averaging).</p> 
<h2 class="wp-block-heading" id="rsi-crosses-the-market-s-morse-code">RSI Crosses: The Market’s Morse Code </h2> 
<p>Pay <a href="https://twitter.com/bysiyakat/status/1699001296898973747" target="_blank" rel="noreferrer noopener nofollow">heed</a> to the RSI crosses; they’re not mere squiggles on a chart but a Morse code for market sentiment. When the black line crosses the red line upwards, it’s a signal to go long. Conversely, a downward cross indicates it’s time to go short.</p> 
<p>In the last 24 hours, Kaspa ($KAS) has been nothing short of a spectacle. The cryptocurrency is currently trading at <strong>$0.03805</strong>, marking a significant <strong>12.27% increase</strong> within a single day. But that’s not all; the trading volume has surged by <strong>87.15%</strong>, reaching <strong>$13,034,619</strong>. This surge in trading volume is a testament to the growing interest and confidence among investors and traders alike.</p> 
<p>In summary, Kaspa ($KAS) is at a pivotal juncture, and all indicators suggest a potential breakout. Whether you’re a seasoned trader or a curious onlooker, the unfolding drama is one you won’t want to miss.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="nofollow">Twitter</a></strong> and <strong><a rel="noreferrer noopener nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noreferrer noopener">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noreferrer noopener">price predictions</a>.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/traders-bet-on-kaspa-kas-rally-after-spotting-this-bullish-indicator-during-12-surge/">Traders Bet On Kaspa (KAS) Rally After Spotting This Bullish Indicator During 12% Surge</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Traders Bet On Kaspa (KAS) Rally After Spotting This Bullish Indicator During 12% Surge

Table of Contents

CaptainAltcoin

Other articles published on Sep 6, 2023

Binance Russia execs leave amid ongoing rumors of market exit

Presidential Candidate Vivek Ramaswamy Endorses Bitcoin

SHIB and BONE Show Bullish Indicators Putting Sensei Inu (SINU) In a Good Position

MetaMask Adds an Off-Ramp for Certain Countries

How Metamask Wants to Replace Centralized Exchanges?

Immutable Price Prediction 2023-24: Are Bulls Still in the Game?

Join our free newsletter for daily crypto updates!