Kaspa

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>The KAS’s price is down by almost 21.24%, which shows bearishness.</a></li>
 <li><span>2</span> <a>The Kaspa crypto price is broken below the key moving averages, showcasing weakness in the daily timeframe.</a></li>
</ul>
<p>Kaspa is a PoW digital currency that utilizes the GHOSTDAG protocol, setting it apart from conventional blockchains by allowing simultaneous block creation without discarding any. This BlockDAG structure, an evolution of the Nakamoto consensus, ensures security and supports an exceptionally high transaction throughput, aiming to increase from one block per second to even higher rates.&nbsp;</p>
<p>Kaspa’s innovative features include Reachability for analyzing the DAG structure, efficient data storage through block pruning, simplified payment verification proofs, and forthcoming subnetwork support to streamline the addition of second-layer solutions.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-kaspa-price-forecast-strong"><strong>Technical Analysis Of Kaspa Price Forecast</strong></h2> 
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<p>The Kaspa cryptocurrency has exhibited a bullish trend, peaking in late February. Attempts to revisit this peak were met with resistance, leading to a 21% price drop last month, signaling a wave of profit-taking.</p>
<p>In recent weeks, Kaspa’s value has been on a downward trajectory, encountering resistance but managing to hold above the $0.110 mark. While the long-term view shows a bullish dominance, the short-term narrative is controlled by selling forces. Kaspa has seen a 6.25% uptick, challenging the 100-day EMA, yet facing downward pressure from sellers.</p>
<p>The technical indicators reveal that Kaspa’s value has dipped beneath the 50-day EMA, suggesting a bearish outlook in the near term. However, the RSI indicator has risen to 44, climbing out of the oversold territory, which could imply a resurgence of buyer interest.</p>
<h2 class="wp-block-heading" id="strong-kaspa-crypto-volume-vs-price-analysis-strong"><strong>Kaspa Crypto Volume vs Price 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=2023-10-03T18%3A29%3A59.811Z&amp;dt=2024-04-03T18%3A29%3A59.811Z&amp;sat=shchcfg_0B_15HTPEPkq&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%3B" scrolling="no"></iframe>
<p>According to the graph, the trading volume has decreased from $151 million to $58 million in the last few days, but the price has not fallen too much. The trading volume increased positively in the previous few sessions, affecting the <a href="https://www.thecoinrepublic.com/2024/04/02/xyo-price-prediction-will-xyo-token-decline-further-or-rise-soon/" target="_blank" rel="noopener noreferrer nofollow">price</a>. If the trading volume declines, it may negatively impact the price.</p>
<h2 class="wp-block-heading" id="strong-kaspa-crypto-social-volume-and-social-dominance-analysis-strong"><strong>Kaspa Crypto Social Volume and Social Dominance Analysis</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=2023-10-03T18%3A29%3A59.811Z&amp;dt=2024-04-03T18%3A29%3A59.811Z&amp;sat=shchcfg_0B_15HTPEPkq&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Social interaction and awareness surrounding Kaspa crypto have declined in recent months, leading to a negative performance in price. However, there has been an increase in social dominance and volume over the last few days, which may positively impact the price.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Over a longer period, the price of Kaspa has been on an upward trend, but there has been some profit-taking in the short term. The price has been decreasing due to facing resistance from the trendline. The positive trend was interrupted near the upper trendline obstacle and turned negative. The value of KAS cryptocurrency has declined, with a 21% decrease in the last month.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $0.120 and $0.110</p>
<p>Resistance Levels: $0.1543 and $0.160</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.</p>

Kaspa Price Forecast: Will KAS Price Give Breakout or Breakdown?

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Thecoinrepublic.com

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