Kaspa

Bitcoin

Resistance

Swing

<p>The post <a href="https://coinpedia.org/price-analysis/kaspa-kas-retested-key-resistance-level-traders-wait-for-more-corrections/" rel="noopener noreferrer nofollow">Kaspa (KAS) Retested Key Resistance Level, Traders Wait For More Corrections.</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<ul>
 <li>Kaspa today is up by 8.04% amid the overall crypto market surge.&nbsp;</li>
 <li>KAS emerged from the Death Cross zone and retested a key resistance level.&nbsp;</li>
 <li>If the sellers sustain, the price may rally toward a new resistance of $0.142</li>
</ul>
<p><a href="https://markets.coinpedia.org/kaspa/" rel="noopener noreferrer nofollow">Kaspa</a>, the layer 1 blockchain network, was bullish today, the asset currently trading at $0.1322, up by 8% in 24 hours, 13.61% in 7 Days, and 12.53% in a month.&nbsp;</p>
<p>This surge is seen as the increased investor’s interest, as seen on the Open Interest (OI), a key indicator that shows money flow activity and liquidity.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/7GkA_1GWztu_m8o4qzVXYe3j10epkHiT8QlhXqTsdE5EhtVX0TEdXZM5Sxia5giQzr32N06qsWfNAIdrWxSlZ18tntWpmWM1RhFOp5uudr012NCyQ42GydLhMZY2Pt_4OnGciALQm-7WGxfuf5X1goQ" alt="">
</figure>
<p>Source: Coinglass.&nbsp;</p>
<p>A surge of $6 million was seen in the OI chart in the past 24 hours, which indicates how investors are pouring money into Kaspa options and futures.&nbsp;</p>
<h2 class="wp-block-heading" id="h-kaspa-retested-the-key-resistance"><strong>Kaspa Retested The Key Resistance</strong></h2>
<p>Kaspa(KAS) making a zigzag pattern for a week, has today breached the key $0.1329 resistance and pulled back below the level again. This retracement is because of the increasing selling pressure even though the Bitcoin price action is positive.</p>
<p>We can look at the new support zones at $0.111 and $0.106,&nbsp;</p>
<p>Interestingly most of the technichal indicators show a bullish signal, the RSI at 64 and the Bull Bear Power reading at 0.015 an indication of the price moving toward the neutral zone.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Zp8r4zExGednW-wMwTOi7Z8ibT5KafxpAvtw-E4WKX5CmBDlm5oDkRyrtaxdhLOA095zy3xL-0CGs7VAkPN9jk_sRJsnlPc0Garx5fVj12rmFA9w4Ngtejc1fRg-oRXRdwx12oAkCR7n4J4PgPQnjak" alt="">
</figure>
<h2 class="wp-block-heading" id="h-kas-volume-isn-t-alongside-price-nbsp"><strong>KAS Volume Isn’t Alongside Price.&nbsp;</strong></h2>
<p>Kaspa’s trading volume spiked 168% in one day and, currently $53.25 million the volume is reached 7 day high today.&nbsp;In contrast to the spike, the price isn’t moving in the same direction, usually considered to be a bearish signal.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/AgVSk3BePMzvP9zkOFeD-J-nvhsb0TCv8KUKBk8ReRZfxbrxoAN60ZeuxLgRHuMAKgF7lbTc4M26Yj02uJJkooFNu_RD9gEUE6rVcsk-MaKSQL-r62yiQ-wpVEIbQBUEdfemodkPV-q0h5_4x9IkrfI" alt="">
</figure>
<h2 class="wp-block-heading" id="h-kaspa-kas-price-prediction-a-sideway-pattern-is-expected-nbsp-nbsp"><strong>Kaspa(KAS) Price Prediction: A Sideway Pattern Is Expected?&nbsp;&nbsp;</strong></h2>
<p>Breaching the key resistance at $0.132 was a good move, and the price now is sitting above all the moving averages is a bullish signal.&nbsp;With the price action now, the coin retesting the zone has turned the momentum to slightly bearish. <a href="https://markets.coinpedia.org/kaspa/" rel="noopener noreferrer nofollow">KAS</a> Price may trade sideways as of mixed indicator revelations.&nbsp;</p>
<p>Swing traders can enter the positions anywhere in the $0.11 position and trade in the $0,13 window, Trend traders should wait for more corrective phases below the current $0.13 and buy, to expect a rally towards $0,14 and $0.15.</p>

Kaspa (KAS) Retested Key Resistance Level, Traders Wait For More Corrections.

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