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KASUSD Multi Collateral Perpetual Futures ContractKASUSD Multi Collateral Perpetual Futures ContractKASUSD Multi Collateral Perpetual Futures Contract

KASUSD Multi Collateral Perpetual Futures Contract

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Kaspa At All Time High: Time to Cash Out or Keep Riding the WaveKaspa At All Time High: Time to Cash Out or Keep Riding the Wave Kaspa crypto has eclipsed its previous all-time high, reaching beyond the $0.18 mark, signaling a strong upward momentum. The social dominance and volume has surged to record highs indicating the increased demand in crypto. Kaspa crypto has embarked on a remarkable upward trajectory, emerging from a period of correction and subsequent stabilization. The price is gaining on the 5th consecutive session and has reclaimed its previous ATH of $0.18 rising from a low of $0.13. The bulls are in complete domination and are attempting to keep thrusting the price beyond. Also, there has been significant development in the social dominance and trading volume which may impact the price trend on a short term basis. Let's analyze whether the change in the social dominance and trading volume may impact the current trend or indicate a further continuation ahead. Social Dominance Surges While Volume Inflow Drops: What's Next? At the time of writing, kaspa price was exchanging hands close to $0.19 recording a positive intraday development of 5.15%. The data from a financial website app.santiment.net reported that there has been a significant growth in the social dominance curve. The social dominance of Kaspa has surged by three fold to a record high in the last couple of sessions. It indicates a drastic rise in the demand for the crypto among the investors and the community members. The rise in demand led to a positive impact on the price thus driving it close to ATH. However, the trading volume seems to be declining after gaining for the last four sessions. As per coinmarketcap the intraday trading volume dropped by nearly 33.16% and was at $157.3 Million at the time of writing. The recent decline in the trading volume suggests a profit booking among the investors. Now, if the volume inflow turns positive again it may indicate a heightened demand and the price may continue to show gains. Can Kaspa Crypto Head For a Profit Booking Or Continue to Show Gains? The Kaspa crypto over the daily chart suggests a strong bullish momentum on the charts. The crypto price is trading in green for the fourth consecutive session which points to a pending pullback in the short term. The price performance shows that the crypto has delivered impressive gains to the investors in the short term, rising 36.19% a week and 75.64% a month. The short term gains may trigger a profit booking. However, the price is rising with momentum and might add more gains before heading for a correction. The investors are thus advised to keep trailing at the previous day's low value to enhance their profits. On the higher side, the price may rise to a psychological level of $0.20 in the short term. whereas, on the lower side, the $0.175 and $0.16 may act as support for the price. Conclusion. Kaspa crypto witnessed a significant upswing in the recent sessions and has surpassed the ATH value of $0.18. This remarkable rise in price is backed by a threefold increase in social dominance, reflecting rising investor interest. Despite this, trading volumes have dipped by 33.16% to $157.3 million, hinting at possible profit-taking in the coming sessions. Now, If trading volumes rebound, it could signal continued demand and further price increases. KAS crypto over the daily chart exhibits strong bullish momentum, suggesting potential short-term pullbacks. Investors may consider trailing stops at previous lows to maximize profits, with $0.20 as the next possible target.
CRYPTO:KASUSDLong
by Ritika_TCR
1
the RSI flashedRecent 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.
CRYPTO:KASUSDLong
by Sam_TCR
1
The MACD indicator has also supported the bullsThe 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.
CRYPTO:KASUSDLong
by Sam_TCR
Kaspa Crypto Could Gain 25% If Surpasses This Interesting Level?The weighted sentiment curve was extending towards the north indicating an improved sentiment. On the daily chart, an intriguing channel pattern has emerged. Kaspa Crypto has been on an upward trend for four consecutive days, with a notable 4.12% increase in intraday trading. Currently, it's trading at $0.12 and is nearing a pivotal level. Overcoming this level could potentially lead to a 25% rise in its value. The general uptrend in the market has positively influenced Kaspa Crypto, yet it still needs to emerge from the ongoing correction phase for further improvement. Additionally, certain sentiment indicators are hinting at a resurgence and a positive market sentiment in the near future. Let's examine these elements more closely and analyze how they might affect Kaspa Crypto's price movement. Weighted Sentiment Data Shows A Positive Shift The Sentiment chart illustrates a shift in sentiment dynamics, with the weighted sentiment transitioning from a bearish to a bullish stance and continuing to ascend. This movement signals a change in trend from negative to positive, which is typically associated with enhanced price momentum. Additionally, the sentiment analysis reveals regular oscillations in sentiment levels during recent trading periods. These oscillations reflect the prevailing attitudes and inclinations of traders and investors within the cryptocurrency market. Technical Indicators And Price Action Analysis The daily chart indicates that the price is fluctuating within a downward-sloping parallel channel, oscillating between the channel's lower and upper boundaries. The price is likely to continue its corrective trend as long as it remains within this channel. A breakout from the channel could potentially lead to a 25% increase in the cryptocurrency's price, reaching up to $0.16. Technically, the KAS price has rebounded from the 200-day Exponential Moving Average (EMA), indicating a favorable future trend. Presently, the price is near the 50-day EMA but is facing challenges in breaking above it. Furthermore, The Relative Strength Index (RSI) stands at 54.45 points, and the Simple Moving Average (SMA) is at 42.89 points, both suggesting a bullish market sentiment. The occurrence of a bullish crossover between these lines further strengthens this positive outlook. Conclusion. Kaspa Crypto price has been on the rise for four consecutive sessions, up 4.12% intraday, and was trading close to $0.12. It's close to a key level; surpassing it could lead to a 25% increase. Furthermore, Sentiment analysis shows a bullish shift, suggesting positive price momentum. Currently, The price was hovering in a declining channel, hinting at a continued correction unless it breaks out. Technical indicators were optimistic, with the price above the 200-day EMA and near the 50-day EMA. The RSI and SMA suggest bullish sentiment, reinforced by a bullish crossover, pointing to potential growth.
CRYPTO:KASUSDLong
by Ritika_TCR
the KAS asset still shows bearishnessThe daily chart for the Kaspa price showed a striking price structure, with a fierce battle between bulls and bears. In the first week of November 2023, the price favored the bulls and rose from the demand zone at $0.050 to reach $0.190 by February 20th, breaking the $0.100 and $0.150 resistance levels in the process. However, the Kaspa crypto began to deteriorate after hitting the top supply zone, with the price plummeting from a crucial level of around $0.190 on February 21st, 2024. Following the declining trendline, the KAS crypto exhibited a severe plunge after touching the resistance supply level and fell to lower levels. Similarly, even after a significant decline, the KAS asset still shows bearishness and falling capacity as it slides below the significant trend in the 20-day and 50-day EMA bands. If sellers continue to surge, the drastic decline could extend to even deeper levels. The KAS asset is revealing bearish signs and may sink even lower, with negative price performance recorded in previous weeks and months at -3.80% and -18.07%, respectively, indicating a steady downward trend. Currently, the price is trading at $0.11244, with an intraday decline of -3.42%. Therefore, if the price breaks the immediate critical support level of $0.10, it is likely to reach even lower depths. However, if the price recovers and breaks the trend line, the above targets for the KAS price would be $0.150 and $0.190.
CRYPTO:KASUSDShort
by Sam_TCR
Can Kaspa Crypto Consume Its Gains Completely, Or Break Upside?The Kaspa crypto price dropped below the key EMAs of 20 and 50 days suggesting weakness over the daily chart. The KAS price was hovering close to $0.116 reporting a negative intraday development of 3.62%. The Kaspa crypto is extending the losses on the second consecutive day and trades and is attempting to break below the lower boundary of the consolidation. At the time of writing, the crypto was trading close to $0.116 USD after losing 3.62% in intraday. Earlier, the KAS crypto experienced a drop in the last week of February and slumped lower breaking below the 20 and 50 days exponential moving average. The breakdown below the key EMAs indicates a short term correction in the price. Currently, the KAS crypto seems to be stuck between the 50 day EMA on the higher side and 200 day EMA on the lower side. The price is consolidating in the range and unable to find a clear direction as of now. The breakout above the 50 day EMA or a breakdown below the 200 day EMA may indicate a clear trend. The breakout on the higher side may validate a short term trend correction and the crypto may resume on the higher side. On the other side the breakdown on the lower side may indicate a trend reversal. Kaspa Crypto Volume Analysis The volume analysis shows that Kaspa cryptocurrency received nearly 71.06 Million USD volume inflow in the past 24 hours which is nearly 2.99% higher than the previous day. It has a live market capitalization of 2.71 Billion USD and ranks 41st in the overall crypto market. The volume to market capitalization of KAS crypto is 2.58% suggesting low volatility in the crypto. The number of tokens in the circulating supply is 23.35 Billion KAS tokens which is 81.37% of the total supply. It has a total supply of 28.7 Billion KAS tokens. Kaspa Crypto Technical Outlook. From a technical point of view, the KAS price hovers below the key exponential moving average of 20 and 50 days suggesting a weak outlook in the short term. Also, the price still lies above the higher EMAs of 200 days suggesting a positive outlook in the long term. At the time of writing, the RSI line was placed below the mean line and was at 39.08. The SMA line was placed at 46.04 points. Both the RSI and SMA line were placed below the mean line which indicates a weak outlook in the short term. Also a bearish crossover of both the lines was obsessed which further adds confirmation to it. Kaspa Crypto Price Prediction April 2024. On the most bullish observation, The Kaspa price could rise to a high of $0.185 by the end of April 2024 suggesting an upside potential of nearly 32.4%. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the recent dynamic support of 200 day at $0.116 after which the price may fall to $0.096 level. Conclusion. Kaspa crypto is trading in red for the second consecutive day and is trading around $0.116 with a 3.62% intraday drop. the dilly chart witnessed a decline in late February after which the crypto broke below the 20 and 50-day EMAs thus entering a short-term correction phase. The price is currently fluctuating between the 50-day EMA (upper limit) and 200-day EMA (lower limit), indicating consolidation without a clear trend. Now, Any breakout above the 50-day EMA could suggest a short-term bullish trend continuation. while any breakdown below the 200-day EMA might signal a bearish trend reversal. Currently, The RSI at 39.08 and SMA at 46.04, both below their respective mean lines, point to a short-term bearish outlook. Technical levels: Support levels: $0.116 and $0.096 Resistance levels: $0.146 and $0.160 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:KASUSD
by Ritika_TCR
The Kaspa price asset is displaying bearishnessThe Kaspa asset is expressing bearish behavior as Social dominance, volume with price has declined and has the opportunity to fall further on the daily chart. It has attained bad performance in the last month by -8.04%, implying a stable downward direction in the KAS daily chart. Since then, the crypto has demonstrated a major decline as the price sank from a vital level of around $0.185 on the chart. The kaspa crypto is almost at a big fall, as it meets the resistance level and could dive to new lows from the current price. The Kaspa price asset is displaying bearishness and falling tendency as it plunges below major trend 20-day and 50-day EMA bands, reliant on the sellers' surge. Likewise, the Kaspa price asset is displaying bearish characteristics as MACD is below the zero line at -0.0020 and the RSI is falling smoothly below the median line at 47.30, implying that the KAS asset is losing momentum and can achieve new depths in the coming sessions. At press time, the Kaspa crypto is experiencing a decline of -0.49% in the last 24 hours, and it is currently trading at $0.13543. Therefore, if the Kaspa price fails to stay above the $0.11500 level, it could decline further and reach lower lows. However, if the demand for the crypto remains high, the Kaspa asset price could bounce back from the current level by surpassing the downward trendline. The next goal for the price could be is to reach $0.180, and $0.200.
CRYPTO:KASUSDShort
by Sam_TCR
1
Kaspa price PredictionThe weighted sentiment data reveals that the Kaspa price may show more downfalls in the near term. The Kaspa crypto was hovering near 0.135 USD, reporting a positive development of 1.80% in Intraday. The Kaspa price is struggling to gain traction on Thursday after hitting a losing streak of three sessions. The bulls are attempting to break the losing streak and recover the losses on Thursday. Moreover, the crypto could not resume to add gains after closing near the weekly high value in the previous week. The bears attacked on Monday and were successful in closing the price in Red for the last three sessions. The bulls' failure in the last few sessions has validated the presence of bears near key EMAs of 20 and 50 days. The 20 and 50 day EMAs have turned into a dynamic resistance and may act as a hurdle for the bulls on the higher side. Moreover, the long term trend is still tilted towards the buyer’s side as the Kaspa price has not invalidated the 200 day EMA and is maintained above it. Recently, the KAS price bounced back from the previous breakout zone indicating the presence of buyers at the lower levels. Now, if the bulls are able to defend the recent demand of $0.116 and 200 day EMA it may indicate the formation of a higher low structure. It may result in the formation of a double bottom pattern and the prince may rise if it resumes on the higher side. On the other side, the bears are dominating in the short term but need to conquer the 200 day EMA in order to shift the trend towards the negative side. Kaspa Crypto Volume Analysis The volume analysis shows that the Kaspa crypto received nearly 75.49 Million USD in the past 24 hours which is 40% lower than the previous day’s volume. It has a live market capitalization of 3.123 Billion USd and ranks nearly 44th in the overall crypto market. The volume to market capitalization ratio is 2.44% indicating low volatility in the crypto. Currently, it has 23.15 Billion KAS tokens in the circulating supply which is nearly 80.68% of the total supply. Social Dominance And Social Volume Study The social indicators like social dominance and social volume reveals the popularity of the Kaspa cryptocurrency among the social media users. Various social media platforms like Twitter, Telegram and others serve as a medium to increase awareness and popularity among the users. The social dominance of the KAS crypto was quite low in January. However, the crypto gained popularity in February. Parallely, the price also jumped higher from 0.1 USD to 0.19 USD in February. The price as well as the social dominance has dropped in the last couple of weeks. Sentiments Are Turning Bearish: Can KAS Crypto Slump More? The overall sentiments were positive in February which also reflected in the price as the crypto witnessed a significant surge in February. However, the overall sentiment dropped towards the neutral side in March. Recently, the overall weighted sentiment curve has dropped below the zero line indicating the overall sentiment turning bearish in the short term. It suggests that the Kaspa price may show more downfall in the near term. Kaspa Price Prediction April 2024. On the most optimistic note, Kaspa cryptocurrency could gain to a high of $0.185 as the highest price in April if it manages to surpass the dynamic resistance of 20 and 50 days. On the other hand, the most pessimistic prediction of our analysts is for the price to retrace the 200 day EMA. Conclusion. The Kaspa price suffered rejection from the 20 and 50 day EMAs and declined. The bulls are attempting to break a losing streak of three sessions and the price is up nearly 1.80% intraday. The short term trend favors the sellers however the long term trend still lies on the positive side above the 200 day EMA. The weighted sentiment has turned bearish indicating the continuation of a bearish trend in the near term. On the lower side, the price has more room to drop till the previous breakout zone and 200 day EMA. Technical levels: Support levels: $0.116 and $0.096 Resistance levels: $0.160 and $0.185 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:KASUSDShort
by Ritika_TCR