Ethereum

Kaspa

Rally

Millions

<p>The native token Kaspa, KAS, has pulled back over the last 24 hours after a blistering start to 2024. KAS currently trades down 1.1% at $0.1408 as of writing.</p> 
<p>KAS remains one of the strongest performing digital assets year-to-date, however, boasting gains of <strong>1,958%</strong>. Over the past week, KAS still managed to add another <strong>33%,</strong>&nbsp;even as downward pressure emerged.</p> 
<h2 class="wp-block-heading" id="kas-breaks-down-after-massive-rally">KAS breaks down after massive rally</h2> 
<p>The recent consolidation comes on the back of a <a href="https://twitter.com/MtukufuMtukutu/status/1757457606128361580" target="_blank" rel="noreferrer noopener nofollow">call</a> from trader Teshkid, who noted KAS broke down technically after the massive rally to highs around $0.148. Teshkid set downside targets at $0.122 to $0.116 based on key Fibonacci retracement levels if a bounce does not materialize quickly.</p> 
<p>Meanwhile, analyst Miko Genno <a href="https://twitter.com/MikoGenno/status/1756373540977156280" target="_blank" rel="noreferrer noopener nofollow">maintains</a> a strongly bullish long-term outlook, seeing KAS reaching a “fair value” of $100 per token by May 2032. Looking even further out, Genno believes KAS could trade up towards $1,000 by November 2039.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="457" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-1024x457.png" alt="" class="wp-image-438002" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-1024x457.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-300x134.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-767x342.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-1536x685.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-2048x913.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-336x150.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-785x350.png 785w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-505-788x351.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="oversold-conditions-after-powerful-run">Oversold conditions after powerful run</h2> 
<p>The pullback in KAS has coincided with the RSI indicator on daily charts falling to 70 before the latest bounce. An RSI reading above 70 signals overbought conditions, so the recent cool-off represents a healthy consolidation for KAS to rebuild momentum for the next leg higher.</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>With significant upside projected by analysts like Genno over the long-term, KAS remains appealing for investors with longer time horizons. The token supply, capped at just 22,680,080,625, also supports major price appreciation if adoption continues to rise.</p> 
<p>So while weaker technicals and profit-taking have driven a rotation back from extremely overheated RSI levels, KAS remains firmly positional to continue massively outperforming Bitcoin itself – which the project forked from.</p> 
<p>Considering YTD returns, KAS has vastly exceeded even the gains posted by altcoin leaders like Aptos over the same timeframe. With influential backers and sound fundamentals, KAS could very well return to highs and deliver triple-digit percentage returns once again in 2024 if broader sentiment improves for cryptocurrencies.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/when-will-kaspa-kas-hit-1/" target="_blank" rel="noreferrer noopener">When Will Kaspa (KAS) Hit $1?</a></li> 
 <li><a href="https://captainaltcoin.com/bitcoin-pre-halving-rally-has-begun-but-ethereum-and-altcoins-will-follow-btc-heres-why/" target="_blank" rel="noreferrer noopener">Bitcoin Pre-Halving Rally ‘Has Begun,’ but Ethereum and Altcoins Will Follow BTC – Here’s Why</a></li> 
 <li><a href="https://captainaltcoin.com/best-altcoins-to-collect-before-the-bitcoin-halving-which-of-these-altcoins-could-surge-in-2024/" target="_blank" rel="noreferrer noopener">Best Altcoins to Collect Before the Bitcoin Halving: Which of These Altcoins Could Surge in 2024?</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($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/kaspa-breaks-down-after-a-massive-rally-analyst-urges-watching-this-target-if-kas-plunges/">Kaspa Breaks Down After a Massive Rally; Analyst Urges Watching This Target if KAS Plunges</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Kaspa Breaks Down After a Massive Rally; Analyst Urges Watching This Target if KAS Plunges

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 14 thg 2, 2024

Long-Term Bitcoin Investors Engage in Profit-Taking as Prices Surge

Exploring the Highs and Lows of Crypto Analyst Predictions

SEC Chair Gensler Clarifies Spot Bitcoin ETF Approval, Offers No Assurance On Ethereum ETFs’ Future

Scorpion Casino is the Ultimate Destination for Licensed and Regulated Gaming –– But What Does it...

Pushd (PUSHD) Presale Draws Investors Amid Binance Coin (BNB) and Arbitrum (ARB) Market Volatility

Daily Price Review: ETH, SEI, DYM, ADA, ARB

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!