Shiba

Kaspa

Litecoin

Shiba Inu

Rise

<p>Crypto trader SiamKidd accurately <a href="https://twitter.com/SiamKidd/status/1726736220292538481" target="_blank" rel="noopener noreferrer nofollow">predicted </a>a breakout for blockchain project Kaspa (KAS) two weeks ago, with the price rising as expected. However, his outlook is now unclear as to where KAS is headed next.</p>
<p>On November 7th, SiamKidd forecasted a breakout for KAS over the following two weeks. This analysis proved correct, as KAS gained over 25% during that period. This showcases SiamKidd’s technical analysis skills in spotting high-probability price moves.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="665" src="https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-1024x665.png" alt="" class="wp-image-381764" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-1024x665.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-767x498.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-1536x997.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-2048x1330.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-231x150.png 231w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-539x350.png 539w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20-788x511.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-20.png 807w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>However, when asked about KAS’s future direction, SiamKidd admitted, “sometimes you get crystal clear clarity of a move in advance, but sometimes, like now, there are too many conflicting possibilities.” He is adopting a patient, observe-and-wait approach during this uncertainty.</p>
<p>While SiamKidd remains unsure of KAS’s near-term direction, long-term fundamentals may be strengthening. According to a Kaspa Enthusiast <a href="https://twitter.com/KASPAEnthusiast/status/1726638708755964377" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, a major Swiss finance website called “Finanzen und Wirtschaft” published an article discussing Kaspa’s revolutionary technology. The author even stated Kaspa could “take on the credit and banking system” if it achieves its goals.</p>
<p>This shows Kaspa is increasingly gaining legitimacy and closing the credibility gap typically faced by smaller-cap crypto assets. As real-world awareness and adoption increase, it could provide fundamental support for KAS’s price.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/litecoin-whale-activity-could-foreshadow-next-bull-run-while-solana-flashes-sell-signal/" target="_blank" rel="noopener noreferrer nofollow">Litecoin Whale Activity Could Foreshadow Next Bull Run While Solana Flashes Sell Signal</a></li>
 <li><a href="https://captainaltcoin.com/shiba-inu-magazine-highlights-wellys-commitment-to-shibarium-blockchain/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Magazine Highlights Welly’s Commitment to Shibarium Blockchain</a></li>
 <li><a href="https://captainaltcoin.com/benjamin-cowen-predicts-bitcoins-rise-to-100k-by-2025-inqubeta-celebrates-5m-presale-triumph/" target="_blank" rel="noopener noreferrer nofollow">Benjamin Cowen Predicts Bitcoin’s Rise to $100K by 2025; InQubeta Celebrates $5M Presale Triumph</a></li>
</ul>
<p>In summary, while conflicting technical analysis makes KAS’s near-term direction unclear, SiamKidd’s proven track record and Kaspa’s strengthening fundamentals provide reasons to remain confident over a longer-term investment horizon. KAS has room left to run as Kaspa continues to make progress towards mass adoption.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-says-mixed-outlook-for-kaspa-kas-after-successful-breakout-prediction/" rel="noopener noreferrer nofollow">Analyst Says Mixed Outlook for Kaspa (KAS) After Successful Breakout Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Says Mixed Outlook for Kaspa (KAS) After Successful Breakout Prediction

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