- The KAS crypto price has declined by 38% from its all-time high.
- Kaspa crypto price has slipped below the 100-day EMA, indicating selling pressure.
In a broader time frame, the Kaspa price has been in a bullish trend and recorded an all-time high of $0.189 on February 20, 2024. The KAS crypto price is up by 246% from November to February, but it has performed negatively in March and declined by 30%. In February, the price performed positively and reached $0.180 but failed to sustain twice in 10 days.
Current Price – $0.122 Price Prediction – $0.106 (-12.45%)
Market cap – $2.80 billion Fear & Greed Index – 79 (Extreme Greed)
Volume – $88.46 million Green Days – 9/30 (30%)
Sentiment – Bearish 200-day EMA – $0.104
Volatility – 8.37% RSI – 33.56
According to our analysis, the Kaspa price is predicted to decline 12.45% to reach $0.106 by March 24, 2024. The fear and greed index is 79 (extreme greed), and the volatility is 8.37%. The KAS crypto price has performed positively for only 9 days in the last 30 days, indicating sellers’ domination.
The current market price of Kaspa is $0.122, which has dropped by 8.10% in the last 24 hours. The market capitalization is $2.80 billion, and the 24-hour trading volume is $88.46%, which has increased by 50%. The circulating supply is 23,060,038,939 KAS, and the fully diluted market cap is $3.46 billion.
Kaspa Crypto Price vs Volume Analysis
Based on the graph of price vs volume, the trading volume has declined this month, and the price has also declined. In the last few hours, the trading volume has increased by 50%, which can impact the price positively.
Kaspa Price Technical Analysis Over Daily Timeframe
In a daily time frame, the Kaspa price has been on a bearish trend in the short term, dropping below the significant moving average. The price has slipped below the 100-day exponential moving average, indicating the sellers’ dominance.
The KAS crypto price is heading toward the 200-day EMA and the support level of $0.100. If the price slips below the $0.100 mark and sustains, then sellers may dominate, which can convert the previous gains into losses.
Alternatively, suppose the KAS price bounces back and starts trading over the 20-day exponential moving average, the recent fall can be converted into a pullback. At this point, the buyers may prefer to buy the dip, which may result in a buying momentum in the short term.
According to the technical indicator, the Kaspa price has slipped below the 100-day exponential moving average, which showcases the bearish forecast. RSI is at 33 and heading toward the oversold zone. Overall, the technical indicators favor negative momentum.
Kaspa Price Prediction on a 4-H Timeframe
In a 4-H time frame, the Kaspa crypto price has declined for the last three weeks. It is declining by taking pullbacks, and if it triggers a pullback, it may perform negatively.
For the last two weeks, the KAS crypto price has been defending the $0.120 hurdle and rising by approximately 10%. Currently, the KAS price is facing positive rejection from the $0.120 level. If the price manages to defend the support level of $0.120 and surpasses the 20-day exponential moving average, then buyers may follow the trend in the short term.
Conclusion
The Kaspa price has been in a bullish trend for a wider time frame, but sellers are dominating in the short term. The KAS price has performed negatively and has declined by 30% this month. The price has slipped below the 100-day EMA and is heading towards the 200-day EMA, which showcases the bearish momentum. The technical indicators are favoring a bearish forecast.
Technical Levels
- Resistance: $0.145 & $0.180
- Support: $0.120 & $0.100
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.