Kaspa

CRYPTO

BLOCKS

Coin

<p>In a video released on YouTube today, crypto analyst CRYPTO BLOCKS discusses the current market conditions and potential future movements of Kaspa (KAS). Let’s look at the key points covered in his analysis.</p>
<h2 class="wp-block-heading" id="kaspa-s-recent-performance-and-market-position">Kaspa’s Recent Performance and Market Position</h2>
<p>Kaspa has seen a 3.7% rise in value over the last 24 hours and a strong trading volume of 66.5 million. This activity has helped Kaspa’s market capitalization reach $4.45 billion, making it the 24th largest cryptocurrency by market cap.</p>
<p>The analyst mentions that Kaspa’s market cap was around 500 million when they first started covering the asset. This substantial growth reflects the growing interest and confidence in Kaspa within the crypto community.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-kaspa-indicator-suggests-potential-for-100x-growth-from-current-price-kas-prediction/" target="_blank" rel="noopener noreferrer nofollow">This Kaspa Indicator Suggests Potential for 100x Growth from Current Price: KAS Prediction</a></em></strong></p>
<h2 class="wp-block-heading" id="technical-analysis-and-wave-theory">Technical Analysis and Wave Theory</h2>
<p>CRYPTO BLOCKS applies wave analysis to Kaspa’s price movement, identifying the current uptrend as wave three in the sequence. This suggests that a potential pullback, characterized as wave four, may be on the horizon. The analyst elaborates on wave patterns, explaining that if wave two was simple, traders should anticipate a more complex wave four, and vice versa.</p>
<p>Chart analysis reveals that Kaspa has broken out from a previous resistance point, defying expectations of rejection. This breakout, coupled with the measured move from the pattern, indicates there may be more room for upward movement. The weekly chart further supports this bullish sentiment, showing a strong upward trajectory.</p>
<h2 class="wp-block-heading" id="price-targets-and-rsi-analysis">Price Targets and RSI Analysis</h2>
<p>The analysis highlights the 19-cent region as a crucial price target for Kaspa. The cryptocurrency’s recent performance, breaking previous highs, suggests it might continue its ascent without a significant fourth wave pullback.</p>
<p>To gauge momentum, CRYPTO BLOCKS examines the Relative Strength Index (RSI) across various timeframes, including 1-hour, 4-hour, 8-hour, and 12-hour charts. This comprehensive RSI analysis aims to identify potential bearish divergences that could signal a short-term top or an ABC corrective pattern.</p>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Major Bitcoin Buys Incoming...Reversal Soon" width="840" height="473" src="https://www.youtube.com/embed/z344ViFo4p0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<h2 class="wp-block-heading" id="trading-strategies-and-risk-management">Trading Strategies and Risk Management</h2>
<p>The video emphasizes using stop-loss orders in leverage trading to protect against sudden market downturns. Traders can adjust their stop-loss levels as prices move favorably to secure some profit.</p>
<p>CRYPTO BLOCKS mentions their own long position in Kaspa and discusses strategies for managing stop-loss to avoid premature liquidation. The analyst also teases upcoming offers for subscribers on a new exchange platform for leverage trading.</p>
<p>While the overall sentiment for Kaspa remains optimistic, with expectations of reaching the 19-cent target, the analysis doesn’t shy away from potential risks. Traders are cautioned to watch for bearish divergences on the RSI, which could indicate a temporary top or corrective pattern.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/where-the-kaspa-kas-price-is-headed-next/" rel="noopener noreferrer nofollow">&nbsp;Where The Kaspa (KAS) Price Is Headed Next</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Where The Kaspa (KAS) Price Is Headed Next

Table of Contents

CaptainAltcoin

Other articles published on Jun 30, 2024

Top Meme Coin Presale 2024 for MoonBag Crypto, Gains Market Supremacy over Ripple and Bitcoin Cash

Best Crypto Presale in 2024: MoonBag’s Impressive 88% APY for Staking Surpasses Fantom and Polygon

XRP volume drops 53% – So why are analysts confident of a rally to $20?

Solana’s On-Chain Activity Rises – SOL Price To Rally?

MoonBag’s Presale Success and Scalability Leave MATIC and SLOTH Astonished

Ethereum’s ‘failed’ breakout – When will ETH’s price breach $3.5K?

Join our free newsletter for daily crypto updates!