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Cryptocurrency News Articles

Is Kaspa’s (KAS) Price Rally Imminent? Key KAS Metrics and Indicators to Watch

Jan 03, 2025 at 08:45 pm

Kaspa (KAS) is in a price consolidation, with technical indicators and market data offering insights into its recent performance.

Is Kaspa’s (KAS) Price Rally Imminent? Key KAS Metrics and Indicators to Watch

Kaspa (KAS) is consolidating in a tight price range, as evidenced by technical indicators and market data.

A daily chart analysis of Kaspa on TradingView, along with CoinGlass data, reveals key trends. These include reduced volatility, bearish momentum, and shifting market participation, which may influence upcoming market movements.

Kaspa Price Analysis

An analysis of the KAS daily price chart on TradingView shows that the cryptocurrency has been trading within a narrow range of $0.10 to $0.20 for the past few months.

Currently priced at $0.12349, KAS is exhibiting a slight upward movement of 0.50% for the day. The price trend has been bearish since mid-September, but recent activity shows a consolidation around $0.12, potentially forming a base.

The Bollinger Bands on the chart show contracting bands, indicating less volatility in the market shifts. The upper and lower bands are positioned at $0.14601 and $0.10110, respectively.

Furthermore, the middle band (SMA-20) is aligning closely with the current price. This alignment suggests that KAS may experience a breakout as volatility returns, forming a consolidation phase.

Ichimoku Cloud Analysis Shows Bearish Sentiment

An analysis of the Ichimoku Cloud shows a bearish sentiment, with the price trading below a red cloud. The Tenkan-Sen and Kijun-Sen lines also indicate short-term bearish momentum, while the future cloud remains red, signaling resistance around $0.14 to $0.15. A trend reversal would require the price to break above this level.

There may be a bullish crossover imminent as the MACD line gets closer to the signal line. The indicator remains below zero, showing that the bearish trend has not yet reversed, even though the histogram has turned green, indicating decreased bearish momentum.

Also Read: Cardano (ADA) Price Could Hit $12, Expert Predicts – Here’s Why

RSI and Volume Suggest Stabilization

The RSI is positioned at 44.56, indicating that KAS is emerging from the oversold zone. The upward movement of the RSI suggests growing bullish momentum.

However, muted volume levels during the consolidation phase indicate limited market participation, with traders likely awaiting a clearer trend.

Resistance levels are present at $0.14 and $0.15-$0.16, while key support levels are located at $0.12 and $0.10-$0.11. If these resistance levels are broken, stronger upward momentum may be possible.

Spot Inflows and Outflows Highlight Market Dynamics

CoinGlass data reveals a strong correlation between Kaspa’s spot inflows/outflows and price movements. Heavy outflows during November coincided with a sharp price drop from $0.18 to $0.12, signaling strong selling pressure.

On the other hand, late December inflows exceeding $4 million led to a temporary rebound toward $0.16, although resistance capped the gains. Early 2025 shows moderate inflows, with the price stabilizing near $0.12, reflecting cautious buyer activity.

The analysis suggests a consolidation phase for Kaspa, with potential for renewed momentum if key resistance levels are breached.

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News source:captainaltcoin.com

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