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Cryptocurrency News Articles
Kaspa (KAS) Trades Oversold, Bulls May Eye 80% Upside Potential
Dec 28, 2024 at 03:00 pm
Kaspa is seeing a surge in momentum as Monero (XMR) and Litecoin (LTC) await key developments in the altcoin space.
Cryptocurrency exchange platform without registration ChangeNOW has reported a surge in transaction volumes for Monero (XMR), Litecoin (LTC), and Kaspa (KAS).
According to ChangeNOW, this uptick in transactions suggests that savvy investors and major holders are accumulating these coins, which could be a sign of future growth.
Monero's Market Gains Momentum Amid Positive Price Movement
Over the past month, Monero (XMR) has experienced significant growth, with prices increasing by over 23%. Currently, the cryptocurrency trades between $160 and $227, showing potential for further gains.
Both the 10-day and 100-day simple moving averages are around $192, indicating steady momentum.
Technical indicators, such as the Relative Strength Index at 50 and Stochastic at 57, suggest neutral market conditions.
Despite a slight dip of 9% in the past week, the overall six-month increase of nearly 15% underscores Monero's upward trajectory.
Monero is available on platforms like ChangeNOW without registration or hidden fees.
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Litecoin Eyes $150 Resistance Amid Bullish Indicators
Currently trading around $105, Litecoin shows signs of bullish momentum.
Over the past six months, its price has surged by over forty-three percent, and in the last month alone, it has risen by thirteen percent.
The 10-day simple moving average has crossed above the hundred-day average, indicating potential upward movement.
The Relative Strength Index is near thirty-one, suggesting the coin may be oversold and could experience a rebound.
The nearest resistance level is at $150, and if Litecoin reaches this level, it would represent a significant increase from its current price.
With these positive indicators, the current market setup appears favorable for those interested in Litecoin, which is available on ChangeNOW with no registration and no hidden fees.
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Kaspa (KAS) Trades Oversold, Bulls May Eye 80% Upside Potential
Kaspa (KAS) trades between $0.10 and $0.15, reflecting a bearish trend with declines of 9% over the past week and 22% over the past month.
Both the Relative Strength Index at 31 and the Stochastic near 8 suggest oversold conditions, which may open the door for bulls.
If momentum shifts, Kaspa could rise to the nearest resistance at $0.18, a potential increase of 50%.
Breaking above this could see it reach the second resistance at $0.22, an increase of over 80% from current levels.
The current setup appears favorable for Kaspa, which can be bought or exchanged on ChangeNOW with no registration and no hidden fees.
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Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Dec 29, 2024 at 06:50 am
- The cryptocurrency world has been abuzz with speculation, and if you're a Shiba Inu (SHIB) holder, this is a moment you cannot afford to ignore. With December 30th fast approaching, a potential game-changing development could set SHIB on a new trajectory. Here's what you need to know and why this could be a turning point for Shiba Inu.
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