Kaspa

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<p>When it comes to <a href="https://twitter.com/Cryptographur/status/1700045776791937062?t=GY7cYKEDDwMExrxCrGmKgg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">predicting</a> the future trajectory of a cryptocurrency like Kaspa ($KAS), technical indicators such as trend lines and Fibonacci levels can be invaluable tools. </p> 
<p>A backtest of these trend lines, particularly the 0.236 Fibonacci level, often serves as a reliable point for a bounce-back. This is especially true before the asset makes a move towards its All-Time Highs (ATHs).</p> 
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<h2 class="wp-block-heading" id="historical-context-the-low-at-012">Historical Context: The Low at .012</h2> 
<p>For instance, after Kaspa hit a low at .012, it retraced back to the 0.236 Fibonacci level. This was a clear signal for traders that the asset was “off to the races,” so to speak. It’s crucial to note that these levels are not just random numbers but are derived from mathematical ratios found in nature, which have been proven to apply to financial markets as well.</p> 
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<p>The crypto community is known for its extreme emotional swings, from euphoria to despair. Recently, some traders have been overly <a href="https://twitter.com/i_am_jackis/status/1699507744116449514" target="_blank" rel="noopener noreferrer nofollow">euphoric</a> about Kaspa’s price movements, even going to the extent of mocking skeptics. </p> 
<p>However, it’s essential to remember that what we’re witnessing could very well be an anticipated bearish retest, a phenomenon I’ve previously discussed.</p> 
<p>For those seeking guidance, it’s vital to be unbiased and look at the levels for both bullish and bearish scenarios. If you believe that Kaspa has already bottomed out, consider the asset’s backtest of monthly support from its previous ATH as a positive indicator.</p> 
<p>Kaspa has shown a clean Fibonacci level counting, reacting impulsively at its 0.5 fib retracement. This behavior is a strong indicator of a bullish continuation. So, if you’re an investor or a trader, keep an eye on these levels for the next leg up. However, this is not financial advice (NFA).</p> 
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 <img decoding="async" loading="lazy" width="1024" height="735" src="https://captainaltcoin.com/wp-content/uploads/2023/09/chart-1024x735.png" alt="" class="wp-image-331045" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/chart-1024x735.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-300x215.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-768x551.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-1536x1103.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-2048x1470.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-209x150.png 209w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-100x72.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-488x350.png 488w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart-788x565.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/chart.png 730w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<h2 class="wp-block-heading" id="the-24-hour-price-drop-a-closer-look">The 24-Hour Price Drop: A Closer Look</h2> 
<p>According to <a href="https://coinmarketcap.com/currencies/kaspa/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, Kaspa’s price today stands at $0.038, with a 24-hour trading volume of $19,109,303. The asset has seen a 7.5% drop in the last 24 hours, bringing its market cap to $783,428,565. Despite this dip, it’s crucial to consider the bigger picture and long-term trends before making any investment decisions.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/kaspa-investors-should-look-at-this-indicator-when-predicting-the-kas-price/">KASPA Investors Should Look at This Indicator When Predicting the KAS Price</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

KASPA Investors Should Look at This Indicator When Predicting the KAS Price

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