The KAS crypto price has broken above the falling wedge pattern and has been in an ascent towards higher levels with robust momentum.
The Kaspa crypto was declining from the swing of $0.1895 formed on 20th February 2024. The following descent in the KAS asset price was further followed by a lower low swing on the daily chart.
In particular, The subsequent price behavior of the crypto led to the formation of a falling wedge pattern, and the price of the asset has further given a breakout above the pattern with potent volume.
With reference to the daily chart, the 50-day and the 200-day EMAs demonstrate a bullish temperament as the price of the asset has progressed past the dynamic EMAs. Also, the EMAs on the daily chart of the crypto are trading in a golden cross.
The MACD indicator has also supported the bulls, as the histograms on the daily chart are firmly bullish. The MACD and the signal lines have also increased above the zero level.
Furthermore, the RSI has also risen to higher levels with powerful momentum and appears like it would hit the overbought zone. Since, it has also has broken above the 14-day SMA and has maintained above the 50-level.
On the overall analysis, the levels to keep track of are the support levels of the KAS crypto which are $0.0750 and $0.1011 followed by resistance of $0.1495 and $0.1895.
The Kaspa crypto was declining from the swing of $0.1895 formed on 20th February 2024. The following descent in the KAS asset price was further followed by a lower low swing on the daily chart.
In particular, The subsequent price behavior of the crypto led to the formation of a falling wedge pattern, and the price of the asset has further given a breakout above the pattern with potent volume.
With reference to the daily chart, the 50-day and the 200-day EMAs demonstrate a bullish temperament as the price of the asset has progressed past the dynamic EMAs. Also, the EMAs on the daily chart of the crypto are trading in a golden cross.
The MACD indicator has also supported the bulls, as the histograms on the daily chart are firmly bullish. The MACD and the signal lines have also increased above the zero level.
Furthermore, the RSI has also risen to higher levels with powerful momentum and appears like it would hit the overbought zone. Since, it has also has broken above the 14-day SMA and has maintained above the 50-level.
On the overall analysis, the levels to keep track of are the support levels of the KAS crypto which are $0.0750 and $0.1011 followed by resistance of $0.1495 and $0.1895.