Token

Kaspa

Resistance

Billion

<p>The post <a href="https://coinpedia.org/price-analysis/kaspa-price-displays-a-breakout-rally-kas-price-to-hit-0-2/" rel="noopener noreferrer nofollow">Kaspa Price Displays A Breakout Rally! KAS Price To Hit $0.2?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto market continues to trade under a strong bearish cloud, resulting in the crypto industry losing over $100 Billion in valuation since the week started. Moreover, the top tokens continue hovering close to their important support levels, indicating a weak bullish sentiment in the crypto space.</p>
<p>The Kaspa (KAS) price has displayed a 24-hour trading volume of $90.550 Million and a bullish price action by recording a jump of 10.16% within the past day. Moreover, the altcoin has added 13.36% within the past month, indicating a strong bullish influence for KAS token in the crypto space.</p>
<h2 class="wp-block-heading" id="h-kas-token-breaks-out-of-its-resistance-level">KAS Token Breaks Out Of Its Resistance Level:</h2>
<p>After displaying a neutral trend by trading between $0.09760 and $0.1168 for the first month, the Kaspa price regained momentum and recorded a jump of 85.19% in valuation, resulting in the price recording a new yearly high of $0.18375.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/9YuTuydj5Y5qyamPD7FvA0T_Uf7WbhaRO1hGCwhqYtj4uSPRfTlmqdWR7nh7w0QzPNGAH9amW26rdXkzPimQUET-bivgPm83sokT4Wi5FvwwdyCDMLVs30QB2VvgLxycTaJtS90B6u9fIsXCKAjSr64" alt="Kaspa Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: KAS/USDT
 </figcaption>
</figure>
<p>As the volatility in the market grew, the bulls lost momentum, resulting in the KAS token recording a correction of 34.60% in valuation. Since then, the price has been hovering close to its support/resistance level of $0.11685.</p>
<p>The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating increased positive price sentiment in the crypto space. Furthermore, the averages show a bullish uptrend, highlighting the KAS price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-kaspa-price-go-up">Will Kaspa Price Go Up?</h2>
<p>If the market holds the price above the support level of $0.1168, the bulls will regain momentum and prepare to test its resistance level of $0.140. If the bulls hold the price at that level, it will set the stage for the Kaspa price to test its upper resistance level of $0.162 in the coming time.</p>
<p>Conversely, if a trend reversal occurs, the bulls will lose momentum and test its support level of $0.116. Moreover, if the bears continue to dominate the market, it will plunge toward its crucial support level of $0.09760.</p>

Kaspa Price Displays A Breakout Rally! KAS Price To Hit $0.2?

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