Shiba

Kaspa

Test

Shiba Inu

Memecoin

<p>The price of Kaspa (KAS) has been on a tear recently, breaking through its previous all-time high of $0.154. According to <a href="https://twitter.com/SilverKaspa/status/1758982426876133603?t=pMEDowUNY7cc6zpOawVhog&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">crypto analyst ꓘryptographiK,</a> this former resistance level is now turning into support, which could propel KAS to new heights.</p>
<p><strong>Former Peak Now Support</strong></p>
<p>In a recent tweet, ꓘryptographiK noted that with KAS now trading above $0.154, the old all-time high is acting as a new floor for the asset. This is a bullish development, signaling strong momentum as buyers continue pushing the price upward.</p>
<p>This support level is evident based on the Fibonacci retracement levels from the recent high of $0.16. So far, KAS has held the 1.0 Fib line at $0.154 on retest.</p>
<figure class="wp-block-image size-large">
 <img loading="lazy" width="1024" height="592" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-659-1024x592.png" alt="">
</figure>
<p><strong>Next Target Using Fib Levels</strong></p>
<p>With the previous top now flipped into a support zone, ꓘryptographiK believes the 1.618 Fib extension provides a price target of $0.203 for KAS bulls.</p>
<p>This means Kaspa could see a rally of over 25% from current levels if bullish momentum accelerates. The analyst’s Fib analysis often provides reliable targets for capturing momentum trades during strong uptrends.</p>
<p>So while KAS is seeing a cooldown from its recent highs, its technical positioning remains distinctly bullish. With key support holding from former resistance, Kaspa seems poised to make a run toward $0.20 and potentially set new all-time highs if positive sentiment continues.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/has-bitcoins-4-year-cycle-been-broken-a-closer-look-says-no-as-btc-price-faces-crucial-test/" target="_blank" rel="noopener noreferrer nofollow">Has Bitcoin’s 4-Year Cycle Been Broken? A Closer Look Says No as BTC Price Faces Crucial Test</a></li>
 <li><a href="https://captainaltcoin.com/why-is-sun-coin-price-pumping/" target="_blank" rel="noopener noreferrer nofollow">Why Is SUN Coin Price Pumping?</a></li>
 <li><a href="https://captainaltcoin.com/bonk-outperforming-shiba-inu-shib-as-new-memecoin-rebel-satoshi-rblz-starts-to-gain-investors-attention/" target="_blank" rel="noopener noreferrer nofollow">BONK Outperforming Shiba Inu (SHIB) as New Memecoin Rebel Satoshi ($RBLZ) Starts To Gain Investor’s Attention</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto">
    <a href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div>
       <a href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc">
     <i> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/this-indicator-reveals-kaspa-bulls-next-price-target-after-the-previous-ath-becomes-support/" rel="noopener noreferrer nofollow">This Indicator Reveals Kaspa Bulls’ Next Price Target After the Previous ATH Becomes Support</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Indicator Reveals Kaspa Bulls’ Next Price Target After the Previous ATH Becomes Support

Table of Contents

CaptainAltcoin

Other articles published on Feb 18, 2024

Join our free newsletter for daily crypto updates!