Kaspa

Satoshi

Momentum

RebelSatoshi

<p>Crypto ZX Channel has provided an analysis of Kaspa (KAS) amid Bitcoin’s slight price drop in a <a href="https://youtu.be/2KjxDW73zxQ?si=-kVOEtaEBjZ-I7hf" target="_blank" rel="noopener noreferrer nofollow">video analysis</a>. The host highlights the interconnectedness of Kaspa’s performance with Bitcoin’s market movements, noting the current retracement and its broader implications.</p>
<p>The market has experienced a slight pullback due to Bitcoin’s minor dip. This retracement is seen as a normal shift given the recent bullish trends. The host noted that Bitcoin’s dominance index remains around 55.62%, showing its influence on the overall market.</p>
<p>Bitcoin’s price is currently at support levels, reminiscent of previous cycle highs from October 2021. The possibility of Bitcoin retesting the $64,000 support line is anticipated, driven by market sentiment and whale activity.</p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/2KjxDW73zxQ?si=-kVOEtaEBjZ-I7hf" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 class="wp-block-heading" id="strong-kaspa-kas-price-analysis-strong"><strong>Kaspa (KAS) Price Analysis</strong></h2>
<p>At the time of their analysis, Kaspa was priced at 17.3 cents, with a market cap of $4.2 billion and a daily trading volume of $42.1 million. However, at press time KAS trades at $0.177 with a daily trading volume of $35.21M. This is a 2.03% price increase in the last day. Over the past week, it dipped by 0.79% though.</p>
<p>Kaspa has recently faced resistance at the 23.6% Fibonacci retracement level. The next major support levels are identified at 16.8 cents and 16.3 cents. A support line was tested at 17.1 cents, showing a 5.75% dip from recent highs.</p>
<p><em>&nbsp;“The next major support levels for Kaspa are identified at 16.8 cents and 16.3 cents. A significant support line was also tested at 17.1 cents, showing a 5.75% dip from recent highs,</em>” the host explained.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/bitcoin-will-enter-parabolic-phase-soon-predicts-elite-crypto-analyst-but/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Bitcoin Will Enter ‘Parabolic Phase’ Soon, Predicts Elite Crypto Analyst, But…</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-sentiment-and-future-outlook-strong"><strong>Market Sentiment and Future Outlook</strong></h2>
<p>Kaspa’s price movements are closely tied to Bitcoin’s performance. A drop in Bitcoin could lead to sharp pullbacks in Kaspa’s price. Due to its limited exchange listings, Kaspa is susceptible to manipulation, making it vulnerable to whale activities.&nbsp;</p>
<p><em>“Kaspa is susceptible to manipulation due to its limited exchange listings, making it vulnerable to whale activities,”</em> the host highlighted.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspas-price-analysis-this-kas-trend-suggests-bullish-momentum/" rel="noopener noreferrer nofollow">Kaspa’s Price Analysis: This KAS Trend Suggests Bullish Momentum</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa’s Price Analysis: This KAS Trend Suggests Bullish Momentum

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CaptainAltcoin

Ďalšie články zverejnené 23. 7. 2024

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