Kaspa

Cardano

Time

Forefront

<p>The Kaspa (KAS) cryptocurrency price has traded sideways in recent weeks, consolidating within a clearly defined price channel while network fundamentals continue strengthening. According to independent technical analysis and commentary from Kaspa community members, this price action appears poised for a significant breakout.</p> 
<p>In an hourly chart <a href="https://x.com/bysiyakat/status/1752952687904035257?s=20" target="_blank" rel="nofollow">shared</a> on the X platform (formerly Twitter), cryptocurrency analyst Bysiyakat called attention to the well-formed support and resistance levels containing KAS price action. Additionally, specific points along these trendlines have repeatedly held as either reversal points or springboards for continued upward or downward momentum. At press time, the KAS value hovered around <a href="https://coinmarketcap.com/currencies/kaspa/" target="_blank">$0.098943</a>.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="364" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-1024x364.png" alt="" class="wp-image-431046" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-1024x364.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-300x107.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-768x273.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-1536x546.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-2048x728.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-422x150.png 422w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-100x36.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-984x350.png 984w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39-788x280.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-39.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The parallel channel lines and ability to bounce off support significantly indicate an overall uptrend within the timeframe presented. Bysiyakat believes that as long as KAS respects this textbook price channel, it opens up straightforward trading opportunities to buy dips and sell local highs. More risk-averse traders could also place stop-loss orders prudently outside the channel to contain potential losses.</p> 
<p>Besides the consolidating price action, cryptocurrency proponent Kylobayd <a href="https://x.com/kylobtc/status/1752722864178946508?s=20" target="_blank" rel="nofollow">tweeted</a> about the rapidly rising Kaspa hash rate. The hash rate represents the accumulated computing power contributed by miners to process transactions and secure the blockchain network. As more participants have recently directed resources to Kaspa despite lacklustre price performance, Kylobayd sees the increasing hash rate as a warning sign for those betting against further KAS gains.</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">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </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>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</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>In particular, Kylobayd expects the strengthening fundamentals to precede an eventual price breakout as network activity catches up to valuation. Considering the technical setup identified and on-chain trends, he believes traders shorting KAS face significant risk exposure.</p> 
<p>In summary, while the Kaspa cryptocurrency has trended sideways in recent weeks, network security and user activity continue growing. With an apparent technical foundation and bullish commentary from key community members, the probability of a significant price swing upwards gains credibility.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/how-crypto-trader-yielded-over-800k-with-dots-rival-token/" target="_blank" rel="noreferrer noopener">How Crypto Trader Yielded Over $800K with DOT’s Rival Token</a></li> 
 <li><a href="https://captainaltcoin.com/will-cardano-reclaim-0-65-coinpedia-analysis-says-ada-upside-looking-likely/" target="_blank" rel="noreferrer noopener">Will Cardano Reclaim $0.65? Coinpedia Analysis Says ADA Upside Looking Likely</a></li> 
 <li><a href="https://captainaltcoin.com/5scape-will-be-at-the-forefront-of-the-next-vr-and-ar-wave-in-2024-heres-why/" target="_blank" rel="noreferrer noopener">$5SCAPE Will Be At The Forefront of the Next VR and AR Wave in 2024 – Here’s Why</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</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="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/time-for-kaspa-to-go-up-as-key-support-holds-fundamental-backs-kas-bullish-perspective/">Time for Kaspa to Go Up as Key Support Holds, Fundamental Backs KAS Bullish Perspective</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Time for Kaspa to Go Up as Key Support Holds, Fundamental Backs KAS Bullish Perspective

목차

CaptainAltcoin

2024년 2월 1일에 게재된 다른 기사

Gorilla Price Prediction: GORILLA Stands Out With 40% Pump Amid Market Bloodbath, As Analysts Say...

Breaking: FTX Plans To Repay Customer Funds Fully, Drops Relaunch Plans

'ETF multiplier effect' to spark BTC frenzy, Swan Bitcoin CEO predicts

TRON Trades Modestly, But Challenges The High At $0.115

The New Crypto Giants of 2024: How Rebel Satoshi MANTA and Celestia Are Redefining the Market

Saudi Arabia refutes claims it joined BRICS

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!