Kaspa

Cryptocurrency

Bull Flag

Momentum

<p>The price of Kaspa (KAS) has been on a downward trend over the past 8 days after reaching a peak of $0.15. The cryptocurrency has since declined by over 10% and is currently trading around $0.12.</p>
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<p>Cryptocurrency analyst <a href="https://twitter.com/tarunso33925325/status/1729079057705267511?t=ZtG4Drtj4AjYINUDSh7NCA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">hodler0 believes</a> Kaspa could be presenting a bull flag pattern, tweeting: “$KAS bull flag, expect a big move upside if it breakouts. Probably to 0.2 – 0.3 range. #kaspa.” A bull flag is a trend continuation pattern marked by a period of consolidation following a strong uptrend. Hodler0 suggests that if Kaspa breaks out above its current trading range, it could surge as high as $0.20 to $0.30.</p>
<p>However, <a href="https://twitter.com/nonfungiblecryp/status/1729068565582487684?t=BDx0btT0665Zq1Y1IKAFPA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">nonfungiblecryp</a> has a more bearish view, tweeting: “$KAS : Bearish momentum is declining. Bulls should step in soon to teleport #kas to 20 and then 50 cents !#kaspa.” This analyst believes bearish momentum is still in control of the Kaspa market, although they expect bulls may step in soon to push the price back up towards $0.20 initially and then potentially $0.50.</p>
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<p><strong>The Diverging Opinions on Kaspa’s Price Action</strong></p>
<p>Analysts seem to have differing views on whether Kaspa will continue its downward move or find support and break out to the upside. Hodler0 is more optimistic, identifying a bull flag pattern that could spur a surge if Kaspa pushes above its current trading range. Meanwhile, nonfungiblecryp acknowledges fading bearish momentum but doesn’t necessarily see an imminent bullish breakout coming.</p>
<p><strong>The Debate Over Kaspa’s Next Key Levels</strong></p>
<p>If Kaspa does indeed break out from its current consolidation, analysts have eyed some key price levels as potential upside targets. Hodler0 specifically highlights the $0.20 to $0.30 zone if the bull flag yields further gains. Nonfungiblecryp also sees $0.20 as an initial target if bulls can wrest control of the market, followed by a more ambitious $0.50 level after that.</p>
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<p>Traders will be keeping a close watch on whether Kaspa holds within its recent trading range or manages to push higher. The analyst debate suggests it could go either way in the days ahead.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-bull-flag-suggests-bearish-momentum-decline-kas-analysts-expect-a-surge-to-these-prices/" rel="noopener noreferrer nofollow">Kaspa Bull Flag Suggests Bearish Momentum Decline, KAS Analysts Expect a Surge to These Prices</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Bull Flag Suggests Bearish Momentum Decline, KAS Analysts Expect a Surge to These Prices

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