Kaspa

<ul class="list-ic vertical">
 <li><span>1</span> <a>Kaspa price trades in the bullish trajectory and is directing an uptrend.</a></li>
 <li><span>2</span> <a>The trend is intact, and the token may continue to tide in the bullish course.</a></li>
</ul>
<p>The<strong> Kaspa (KAS) price </strong>guides an uptrend and reveals a rounding bottom formation on the daily charts. Trading in the upward trajectory, the token stayed above its key moving averages.</p>
<p>Notably, the <strong>Kaspa token</strong> has reverted from its bottom mark of $0.1020 and sharply rebounded from there. Afterward, the token registered a noteworthy pullback and pumped over 65% in the last two months.</p>
<p>The trend is bullish, and the token price continues to form higher high swings. It is set to make a new ATH soon. Until the immediate support mark of $0.1460 is not breached, the uptrend is intact, and buyers will continue to accumulate gains ahead.</p>
<p><strong>Kaspa </strong>is a decentralized peer-to-peer payment network and open-source software project traded at $0.1650 with an intraday surge of 0.80%. It reflects neutrality on the charts. It has a monthly return ratio of 34.20% and 630.49% yearly, reflecting an uptrend.</p>
<p>The pair of KAS/BTC is at 0.00000249 BTC, and the market cap is $3.94 Billion. Analysts are neutral and suggest that the <strong>KAS price</strong> may register a new ATH mark shortly and will persist in outperforming.</p>
<h2 class="wp-block-heading" id="strong-kaspa-kas-price-action-hints-bullish-cues-strong"><strong>Kaspa (KAS) Price Action Hints Bullish Cues</strong></h2>
<p>On the daily charts, the token is sprinting toward its supply zone of $0.1900 and is glimpsing positive sentiment among investors.</p>
<p>Buyers have continued accumulating the token, while sellers are now trying to defend their short positions and looking in fear.</p> <iframe loading="lazy" title="Santiment Chart: Price (KAS), Volume (KAS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2023-12-15T18%3A29%3A59.099Z&amp;dt=2024-06-15T18%3A29%3A59.099Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bkaspa%3BKAS%5D%3B%5B1%3Bvolume_usd%3Bkaspa%3BKAS%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Its technical indicators still reflect bullish cues and suggest that the uptrend will continue.</p>
<p>The Relative Strength Index curve stays in the overbought zone and reveals a positive crossover on the charts. Likewise, the MACD indicator still forms green bars on the histogram and signifies that the uptrend is intact.</p>
<p>Investors have continued to speculate about Kaspa; its trading volume soared over 23% to $70.13 Million.</p>
<p>Notably, the <strong><a href="https://www.thecoinrepublic.com/2024/04/18/kaspa-price-at-make-or-break-level-can-bulls-secure-0-100-mark/" target="_blank" rel="noopener noreferrer nofollow">KAS token</a> </strong>was ranked at 33 per the market cap and has a total supply value of 23.87 billion.&nbsp;&nbsp;</p>
<p>@Dame- Defi, in his tweet, mentioned that the Kaspa token looks bullish here, and it was consistently making higher lows on smaller time frame</p>
<p>If a breakout was done, the primary target is $0.29.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$KAS</a> looks bullish here <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Also been making higher lows on smaller time frame<br><br>If breakout my target is $0.29 <a href="https://t.co/sNcm1vTgyH" rel="noopener noreferrer nofollow">pic.twitter.com/sNcm1vTgyH</a></p>— Dami-Defi (@DamiDefi) <a href="https://twitter.com/DamiDefi/status/1801642178462298369?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 14, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: X</p>
<h3 class="wp-block-heading" id="strong-what-do-kaspa-s-social-metrics-reveal-strong"><strong>What Do Kaspa’s Social Metrics Reveal?</strong></h3>
<p>Per the Sanitment data, its social volume data highlights flat movements and noted a decline of over 12% this week. Amidst the consistent upmove, the users’ engagement on the social platforms was relatively lower.</p> <iframe loading="lazy" title="Santiment Chart: Social Volume (KAS), Percent of Stablecoin Total Supply held by Whales with more than 5 million USD" width="1170" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2023-12-15T18%3A29%3A59.099Z&amp;dt=2024-06-15T18%3A29%3A59.099Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_volume_total%3Bkaspa%3BKAS%5D%3Bpercent_of_whale_stablecoin_total_supply&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<h3 class="wp-block-heading" id="strong-futures-oi-data-reflects-short-covering-strong"><strong>Futures OI Data Reflects Short Covering&nbsp;</strong></h3>
<p>Amidst the market volatility, the token witnessed significant buying volume activity, which led sellers into trouble.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="232" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173-1024x232.png" alt="Kaspa" class="wp-image-208771" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173-1024x232.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173-300x68.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173-768x174.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173-750x170.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173-1140x258.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-173.png 1429w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: coinglass</p>
<p>The open interest dropped over 2.30% to $55.93 million in the last 24 hours, revealing the short covering activity.</p>
<p>Meanwhile, the percentage of the total stablecoin supply held by the whales glimpsed an upmove of over 15% this week, reflecting the significant buying activity.</p>
<p>A decisive close above $0.2000 would trigger the bullish momentum and reflect a massive rally ahead.</p>
<p>The immediate support levels for the <strong>Kaspa token</strong> are $0.1500&nbsp; and $0.1200, whereas the key upside hurdle is around $0.2000, followed by $0.2200.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The <strong>Kaspa token price </strong>trades above the key EMA’s mark and is looking to surpass its ATH trajectory soon. The trend is bullish, and buyers have persisted in accumulation and have shown their domination.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.</p>

Kaspa (KAS) Looks Bullish: Analysts Suggest More Upside Ahead

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