Kaspa Price Surges as Analyst Claims KAS Is ‘In Its Own League’

The Kaspa price pumped 11% today and is now trading over $0.16. This is the highest KAS since September.

The Kaspa (KAS) price بالا رفت 11% on Monday and is now trading above $0.16. This marks the highest level seen for KAS since early September.

An interesting observation was made by 2xnmore on Monday with a viral Kaspa chart that is gaining significant attention among traders.

Kaspa Chart Shows Strong Upward Movement

On the chart, we can see that KAS is trading at $0.168146 at the moment. The Kaspa price has been quite volatile recently, making some large moves both up and down.

Interestingly, it recently broke out from the $0.10-$0.12 range where it was previously trading.

The overall trend is bullish as we are seeing higher lows and higher highs, which is usually a bullish sign. Despite some dips along the way, the price keeps making new attempts to rally.

There is strong support in the $0.10-$0.12 range, where the price bounced off these levels multiple times.

The MACD, a popular technical indicator, is showing some bullish signs as it is moving above the signal line. The RSI is also moving up, although it is getting close to overbought levels, which could indicate that we may see some consolidation soon.

2xnmore noted that KAS tends to “be in it's own league and pump when it feels like,” suggesting that it doesn't really follow what the rest of the market is doing.

While there is some resistance in the $0.20-$0.25 range where the price got rejected before, KAS seems to be making another push towards these levels.

See also: Kaspa Price Surges 30% in Past Week as New Exchange Listing Fuels Gains

The chart suggests that further upside is possible, but the key will be whether KAS can break through that $0.20 level. If it doesn't, we could see it pull back to test support at $0.15 or even lower.

As always with crypto, the price can be quite volatile, so traders should keep that in mind.

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