Kaspa Price At Record Highs: Can it Continue to Strive For More?
Kaspa Price At Record Highs: Can it Continue to Strive For More?
Kaspa price has been riding a bullish wave for the last three months adding 90% to its value.
The recent breakout above the record highs suggest an upside potential of 30% in KAS cryptocurrency.
Despite the high volatility in the crypto market due to a number of news, Kaspa maintained a solid pathway and kept on climbing towards the record high surpassing all the challenges in the broader market.
At the time of writing, KAS price was exchanging hands close to $0.199 recording a mild intraday loss of 2.7%. Despite the intraday loss, Kaspa has performed extremely well in the recent sessions claiming over 14% a week and 90% in the last three months.
Now, few investors might rush to book profits as the price has approached record highs and has delivered a strong return. Despite all, few analysts still find more room for growth of nearly 30% on the higher side.
Weighted Sentiment Curve Looking For More Growth
Kaspa is a proof-of-work (PoW) cryptocurrency that utilizes the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG allows parallel blocks to coexist and orders them in consensus, making Kaspa blockchain a blockDAG.
As per the data obtained from an on chain analytics website app.santiment.net, there has been an advancement in the positive sentiment curve. The rise in the positive sentiment curve caused the weighted sentiment to rise further in the positive territory suggesting more room for growth.
The weighted sentiment curve highlights the cumulative biasness of the traders and investors in the short term. The positive and negative sentiment are separated by a zero line with positive territory above the zero line.
Can Kaspa Price Continue To Climb Higher?
From a price action analysis, KAS price has made a breakout of a notable pattern over the daily chart and has attained record highs. Despite reaching an all time high, the analysts are still anticipating a potential of over 30% till $0.25 on the higher side.
Moreover, the daily chart highlights breakout of an ascending triangle pattern intending a trend continuation. The short term as well as long term trend outlook is positive at the moment which may keep driving the price higher.
At the time of writing, the MACD lines and the signal lines were placed above the zero line indicating the price was hovering in a positive territory. The key EMAs were placed below the CMP and may act as a support if the price takes a dip. On a combined analysis the indicators are leaving a positive note in the short term.
Despite high market volatility, Kaspa has maintained an upward trajectory, reaching record highs. Currently trading near $0.199 with a slight intraday loss of 2.7%, it has gained over 14% in a week and 90% in three months. After a strong rally in the past three months, some investors may choose to book profits. However, the analysts see potential for a 30% rise to $0.25.
Additionally, the positive sentiment metrics from app.santiment.net suggest further growth. The price action shows a breakout of an ascending triangle pattern, indicating a trend continuation. MACD and key EMAs support a positive short-term outlook, with indicators suggesting continued upward momentum.
Kaspa price has been riding a bullish wave for the last three months adding 90% to its value.
The recent breakout above the record highs suggest an upside potential of 30% in KAS cryptocurrency.
Despite the high volatility in the crypto market due to a number of news, Kaspa maintained a solid pathway and kept on climbing towards the record high surpassing all the challenges in the broader market.
At the time of writing, KAS price was exchanging hands close to $0.199 recording a mild intraday loss of 2.7%. Despite the intraday loss, Kaspa has performed extremely well in the recent sessions claiming over 14% a week and 90% in the last three months.
Now, few investors might rush to book profits as the price has approached record highs and has delivered a strong return. Despite all, few analysts still find more room for growth of nearly 30% on the higher side.
Weighted Sentiment Curve Looking For More Growth
Kaspa is a proof-of-work (PoW) cryptocurrency that utilizes the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG allows parallel blocks to coexist and orders them in consensus, making Kaspa blockchain a blockDAG.
As per the data obtained from an on chain analytics website app.santiment.net, there has been an advancement in the positive sentiment curve. The rise in the positive sentiment curve caused the weighted sentiment to rise further in the positive territory suggesting more room for growth.
The weighted sentiment curve highlights the cumulative biasness of the traders and investors in the short term. The positive and negative sentiment are separated by a zero line with positive territory above the zero line.
Can Kaspa Price Continue To Climb Higher?
From a price action analysis, KAS price has made a breakout of a notable pattern over the daily chart and has attained record highs. Despite reaching an all time high, the analysts are still anticipating a potential of over 30% till $0.25 on the higher side.
Moreover, the daily chart highlights breakout of an ascending triangle pattern intending a trend continuation. The short term as well as long term trend outlook is positive at the moment which may keep driving the price higher.
At the time of writing, the MACD lines and the signal lines were placed above the zero line indicating the price was hovering in a positive territory. The key EMAs were placed below the CMP and may act as a support if the price takes a dip. On a combined analysis the indicators are leaving a positive note in the short term.
Despite high market volatility, Kaspa has maintained an upward trajectory, reaching record highs. Currently trading near $0.199 with a slight intraday loss of 2.7%, it has gained over 14% in a week and 90% in three months. After a strong rally in the past three months, some investors may choose to book profits. However, the analysts see potential for a 30% rise to $0.25.
Additionally, the positive sentiment metrics from app.santiment.net suggest further growth. The price action shows a breakout of an ascending triangle pattern, indicating a trend continuation. MACD and key EMAs support a positive short-term outlook, with indicators suggesting continued upward momentum.
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