Kaspa

Millions

Raise

<p>According to noted <a href="https://twitter.com/realhus2/status/1761344882273055000?t=TfH5WghlT65MbvTr-AKWaQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency analyst CryptOG (@realhus2)</a>, the price of Kaspa (KAS) is hovering right around a critical support level that could determine its next major move. In a recent post, CryptOG shared a chart showing KAS testing support around the $0.16 level after a period of retracement from its local highs.</p>
<p>As CryptOG explained, “I’m watching closely for the KAS candle close to see if it holds above this key support line or if we may see a bearish continuation downward toward the next major support zone.” He sees the $0.16 level as an important line in the sand for KAS bulls. A daily close below this support risks opening the doors for a more significant decline.</p>
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<p>On the other hand, if KAS can maintain its ground above $0.16, CryptOG expects to see the token reclaim the $0.17 level shortly thereafter, before embarking on its next leg up. He pointed out that he recently began building a position around the $0.158-0.161 zone in anticipation of this retracement and support test.</p>
<p>So in short, CryptOG and likely many other KAS investors are on close watch this week to see if the token can hold above its critical support just above $0.16. How this level holds could set the tone for the next major trend in KAS price action.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-hangs-in-the-balance-at-crucial-support-can-kas-bulls-break-this-barrier-to-resume-uptrend/" rel="noopener noreferrer nofollow">Kaspa Hangs in the Balance at Crucial Support, Can KAS Bulls Break This Barrier to Resume Uptrend?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Hangs in the Balance at Crucial Support, Can KAS Bulls Break This Barrier to Resume Uptrend?

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