Kaspa

Million

Time

<ul class="list-ic vertical"> 
 <li> 1 <a>Kaspa has eclipsed its previous all-time high, reaching beyond the $0.18 mark, signaling a strong upward momentum.</a> </li> 
 <li> 2 <a>The social dominance and volume has surged to record highs indicating the increased demand in crypto.</a> </li> 
</ul> 
Kaspa has embarked on a remarkable upward trajectory, emerging from a period of correction and subsequent stabilization. The price is gaining on the 5th consecutive session and has reclaimed its previous ATH of $0.18, rising from a low of $0.13.&nbsp; 
The bulls are in complete domination and will continue to thrust the price beyond. Also, there has been significant development in the social dominance and trading volume which may impact the price trend on a short term basis.&nbsp; 
<h2 class="wp-block-heading" id="strong-social-dominance-surges-while-volume-inflow-drops-what-s-next-strong">Social Dominance Surges While Volume Inflow Drops: What’s Next?</h2> 
KASPA was exchanging hands close to $0.19 recording a positive intraday development of 5.15%. The data from a financial website app.santiment.net reported that there has been a significant growth in the social dominance curve. <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=2024-03-10T00%3A00%3A00.000Z&amp;dt=2024-06-04T18%3A29%3A59.096Z&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> 
The social dominance of <a href="https://www.thecoinrepublic.com/2024/06/03/analysts-are-bullish-on-kaspa-crypto-can-it-hit-1-by-year-end/">Kaspa </a>has surged three-fold to a record high in the last couple of sessions. It indicates a drastic rise in the demand for the crypto among investors and community members. The rise in demand is taking the crypto closer to the ATH. 
However, the trading volume is declining after gaining over the last four sessions. As per CoinMarketCap, the intraday trading volume dropped by nearly 33.16% and was at $157.3 Million at the time of writing.&nbsp; 
The recent decline in the trading volume indicated profit booking. If the volume inflow turns positive again, it may indicate a heightened demand and the crypto may continue to show gains. 
<h3 class="wp-block-heading" id="strong-profit-booking-underway-or-will-kaspa-continue-to-gain-strong">Profit Booking Underway or Will KASPA Continue to Gain?</h3> 
The Kaspa crypto over the daily chart suggests a strong bullish momentum on the charts. The crypto price is trading in green for the fourth consecutive session which points to a pending pullback in the short term.  
<a href="https://in.tradingview.com/chart/KASUSD/hHWyRmtg-Kaspa-At-All-Time-High-Time-to-Cash-Out-or-Keep-Riding-the-Wave/"> </a> <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a> <a href="https://in.tradingview.com/"> </a>  
The price performance shows that the crypto has delivered impressive gains to investors in the short term, rising 36.19% a week and 75.64% a month. The short term gains may trigger a profit booking.&nbsp; 
KASPA is rising with momentum and might add more gains before heading for a correction. The investors are thus advised to keep trailing at the previous day’s low value to enhance their profits.&nbsp; 
On the higher side, the price may rise to a psychological level of $0.20 in the short term. whereas, on the lower side, the $0.175 and $0.16 may act as support levels.&nbsp; 
<h4 class="wp-block-heading">Conclusion</h4> 
Kaspa witnessed a significant upswing in the recent sessions and has surpassed the ATH value of $0.18. This remarkable rise in price is backed by a threefold increase in social dominance, reflecting rising investor interest. 
Despite this, trading volume dipped by 33.16% to $157.3 million, hinting at possible profit-taking in the coming sessions. A rebound in trading volume would indicate steady short-term gains.&nbsp; 
KAS crypto over the daily chart exhibits strong bullish momentum, suggesting potential short-term pullbacks. Investors may consider trailing stops at previous lows to maximize profits, with $0.20 as the next possible target. 
Disclaimer The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Kaspa At All Time High: Time to Cash Out Or Keep Riding The Wave

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Thecoinrepublic.com

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