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July 19, 2024
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Kaspa Price Soars Amid Surge Speculations! How High Can KAS Price Climb?

The post Kaspa Price Soars Amid Surge Speculations! How High Can KAS Price Climb? appeared first on Coinpedia Fintech News

The crypto industry witnessed a massive uptrend in value as the total market cap has recorded a gain of over 5%, with Kaspa’s price outperforming the industry by adding over 47% within the past day.

The Kaspa price experienced a massive surge following the news of potential growth in the Bitcoin cloud mining phenomenon. Further, the developments of KAS’s integration with the OKX wallet and the upcoming airdrop of $1 Million are scheduled in the coming days.

The KAS price was seen trading in a closed range between $0.04559 and $0.05325 for a brief period. Further, the price displayed a weak price action despite the market experiencing a price pump in October. November started positively as the price successfully broke out of the upper level.

Kaspa Price Analysis
TradingView: KAS/USDT

Following this, the coin gained massive price action and recorded a new yearly high. The Kaspa coin was then rejected at $0.09732, after which the price experienced a correction of over 10% in value.

Kaspa’s price regained momentum, broke out of the resistance level, and continued to gain value. Recently, the price faced rejection at $0.13701, and the price is preparing to retest the level soon, of which the outcome is uncertain.

The MACD displays a rising green histogram, indicating a massive ongoing buying and selling power. Further, the averages show a constant rise in the chart, suggesting the price will continue gaining value in the coming days.

Will Kaspa Price Hit $0.15 Soon?

If the bulls push the price above the resistance level of $0.13701, the KAS price will regain momentum and prepare to test its upper resistance level of $0.1500 soon. Maintaining the price at that level will set the stage for Kaspa price for attempt to test its resistance level of $1.72 in the coming time.

On the flip side, if the bears overpowered the bulls, the price will lose momentum and fall to test its support level of $0.11621 soon.

Moreover, if the bears continue to dominate the market, the KAS coin will continue to lose value and prepare to test its lower support level of $0.09732 in the coming weeks.

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