the RSI flashed

Recent spike highlights a bullish optimism, and at press time, the KAS price has traded at $0.1494 with an intraday surge of +1.46%, with a market capitalization of $3.55 Billion.
An analyst, who goes by the handle Kaspa Enthusiast, Tweeted with the bullish sentiment on the X platform that In Kaspa (KAS) a next big pump seems poised next it on the daily chart.
On further analysis on daily chart, the price of KAS has exceeded from the descending wedge pattern and has been rising steadily.

Over the past price structure, the Kaspa crypto had experienced a drop from the peak of $0.1895 on February 20th, 2024. The subsequent decline in KAS asset price was followed by an even lower low dips on the daily chart.

Moreover, the subsequent price movement of the KAS cryptocurrency had resulted in the creation of a descending wedge pattern, and the asset's price has broken out above the pattern with a significant trading volume.

Referring to the daily chart, the 50-day and 200-day EMAs indicated a bullish trend as the KAS asset's price has moved beyond these dynamic EMAs. Likewise, the MACD indicator has also favored the bulls, with the histograms on the daily chart showing bullishness. The MACD and signal lines have also risen above the zero level.

Additionally, the RSI flashed at 67.58, which has also climbed to higher levels with strong momentum and would likely to enter the overbought zone, having surpassed the 14-day SMA and maintained levels above 50.

Overall, the key levels to monitor are the support levels for KAS cryptocurrency, which are $0.1300 and $0.1010, followed by resistance at $0.1895, and $0.2000.

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