Kaspa

April

Resistance

Million

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>The weighted sentiment data reveals that the Kaspa price may show more bearishness in the near term.&nbsp;</a></li>
 <li><span>2</span> <a>The Kaspa crypto was hovering near $0.135, reporting a positive development of 1.80% intraday.</a></li>
</ul>
<p>The Kaspa price is struggling to gain traction on Thursday after a three-day losing streak. The bulls are attempting to break the losing streak and recover the losses.</p>
<p>Moreover, the crypto could not add gains after closing near the weekly high value in the previous week. The bears attacked on Monday and were successful in closing the price in Red for the last three sessions.&nbsp;</p>
<p>The bulls’ failure in the last few sessions has validated the presence of bears near the 20 and 50 days EMAs. The 20 and 50-day EMAs have turned into a dynamic resistance level and may act as a hurdle for the bulls on the higher side.&nbsp;</p>
<p>Moreover, the long term trend is still tilted towards the buyer’s side as the Kaspa price has not invalidated the 200-day EMA and is sustaining above it. Recently, the KAS price bounced back from the previous breakout zone indicating the presence of buyers at the lower levels.</p>
<p>Now, if the bulls are able to defend the recent demand of $0.116 and 200-day EMA it may indicate the formation of a higher low structure. It may result in the formation of a double bottom pattern and the price may rise if it resumes on the higher side.&nbsp;</p>
<p>On the other side, the bears are dominating in the short term but need to conquer the 200-day EMA to shift the trend towards the negative side.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-kaspa-crypto-volume-analysis-strong"><strong>Kaspa Crypto Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (KAS), Volume (KAS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kaspa&amp;pt=KAS&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_hOTFUTWfTB1O&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%236d7ec9&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>The volume analysis shows that the Kaspa crypto received nearly $75.49 Million in the past 24 hours which is 40% lower than the previous day’s volume. It has a live market capitalization of $3.123 Billion and ranks nearly 44th in the overall crypto market.&nbsp;</p>
<p>The volume to market capitalization ratio is 2.44% indicating low volatility in the crypto. Currently, it has 23.15 Billion KAS tokens in the circulating supply which is nearly 80.68% of the total supply.</p>
<h2 class="wp-block-heading" id="strong-social-dominance-and-social-volume-study-strong"><strong>Social Dominance And Social Volume Study</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (KAS), Social Volume (KAS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kaspa&amp;pt=KAS&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;sat=shchcfg_hOTFUTWfTB1O&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%235275FF%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The social indicators like social dominance and social volume reveals the popularity of the Kaspa cryptocurrency among the social media users. Various social media platforms like X, Telegram and others serve as a medium to increase awareness and popularity among the users.</p>
<p>The social dominance of the KAS crypto was quite low in January. However,&nbsp; the crypto gained popularity in February. Parallely, the price also jumped higher from $0.1 to $0.19 in February. The price as well as the social dominance has dropped in the last couple of weeks.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-sentiments-are-turning-bearish-can-kas-crypto-slump-more-strong"><strong>Sentiments Are Turning Bearish: Can KAS Crypto Slump More?</strong></h2> <iframe loading="lazy" title="Santiment Chart: Negative sentiment (Total) (KAS), Positive sentiment (Total) (KAS), Weighted sentiment (Total) (KAS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kaspa&amp;pt=KAS&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_hOTFUTWfTB1O&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_negative_total%3Bsentiment_positive_total%3Bsentiment_volume_consumed_total&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The overall sentiments were positive in February which also reflected in the price as the<a href="https://www.thecoinrepublic.com/2024/03/28/can-the-sandbox-crypto-continue-to-register-gains-in-april-2024/" target="_blank" rel="noopener noreferrer nofollow"> crypto </a>witnessed a significant surge in February. However, the overall sentiment dropped towards the neutral side in March.&nbsp;</p>
<p>Recently, the overall weighted sentiment curve has dropped below the zero line indicating the overall sentiment turning bearish in the short term. It suggests that the Kaspa price may show more downfall in the near term.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-kaspa-price-prediction-april-2024-strong"><strong>Kaspa Price Prediction April 2024</strong></h2> 
<p><a href="https://in.tradingview.com/chart/KASUSD/t6ur9kS1-Kaspa-price-Prediction/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>On the most optimistic note, Kaspa cryptocurrency could gain to a high of $0.185 as the highest price in April if it manages to surpass the dynamic resistance of 20 and 50 days. On the other hand, the most pessimistic prediction of our analysts is for the price to retrace the 200-day EMA.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The Kaspa price suffered rejection from the 20 and 50-day EMAs and declined. The bulls are attempting to break a losing streak of three sessions and the price is up nearly 1.80% intraday. The short term trend favors the sellers however the long term trend still lies on the positive side above the 200 day EMA. The weighted sentiment has turned bearish indicating the continuation of a bearish trend in the near term.&nbsp;</p>
<p>On the lower side, the price has more room to drop till the previous breakout zone and 200 day EMA.</p>
<h4 class="wp-block-heading"><strong>Technical levels:</strong></h4>
<ul>
 <li>Support Levels: $0.116 and $0.096</li>
 <li>Resistance Levels: $0.160 and $0.185</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Can Kaspa Price (KAS) Transcend Soon, Or Keep Deteriorating?

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Thecoinrepublic.com

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