- The Kaspa crypto price is struggling below the 20-day exponential moving average.
- The trading volume of Kaspa crypto has declined by 85% in a week.
According to the technical chart, the Kaspa price has been bullish and reached an all-time high in the last week of February. The price has tried to reclaim the all-time high but failed to sustain and witnessed selling pressure. The Kaspa crypto price declined by 25% last month, indicating the profit booking.
For the last few weeks, the Kaspa price has been declining by facing resistance from the 20-day exponential moving average but is defending the $0.120 level. In a broader time frame, the KAS crypto price has been in the bulls’ grip, but sellers dominate in the short term. Yesterday, the Kaspa price rose by 5.85% and tried to sustain the 20-day EMA, but sellers dragged down the price.
Turning to the technical chart, the Kaspa price has slipped below the 20-day EMA, indicating short-term selling pressure. The RSI is at 47, which has currently jumped from the oversold zone, indicating the buyers’ participation.
Kaspa Crypto Volume vs Price Analysis
According to the graph, the trading volume has decreased from $130 million to $43 million in the last 5 days, but the price has remained constant. In the previous few hours, the trading volume increased by approximately 60%, positively affecting the price. If the trading volume declines, it may negatively impact the price.
Kaspa Crypto Social Volume and Social Dominance Analysis
Social interaction and awareness about Kaspa crypto have decreased for the last few months, and the price has performed negatively. In the last few days, social dominance and volume have increased, which may positively impact price.
Kaspa Price Technical Analysis Over Daily Timeframe
In a daily time frame, the Kaspa (KAS) price has been declining due to resistance from a trendline. Currently, the price is showing price rejection from the trendline, and trading volume has also decreased for the last few days.
Suppose the KAS crypto price surpasses the 20-day EMA and sustains over the trendline; it may show bullish momentum and reclaim the all-time high in the next few weeks. If the price sustains the all-time high and triggers a breakout with volume, buying momentum for the long term can be expected.
On the other hand, if the Kaspa price starts trading below the $0.130 level, sellers may target the 200-day EMA. Suppose the price slips below the 200-day EMA and sustains; profit booking on a larger scale can be expected.
Kaspa Price Technical Analysis Over 4-H Timeframe
The current market price of Kaspa crypto is $0.135, with an intraday loss of 2.83%. The market capitalization is $3.15 billion, and the 24-hour trading volume is $50.35 million, which has increased by 28%.
In a 4-H time frame, the Kaspa crypto price has been declining by facing resistance from the trendline. In the last 3 hours, the price has dropped by 3.50%, followed by Bitcoin. Currently, it is staying between the 20-day and 200-day EMA.
Suppose the KAS price bounces back and is sustained over the trendline, and buying momentum for the short term can be seen. Alternatively, if the price is below the 20-day EMA, selling pressure for the next few days can be expected.
Conclusion
In a broader timeframe, the Kaspa price has been bullish, and the profit booking has been observed in the short term. The price has been declining by facing resistance from the trendline. The bullish trend was disturbed near the $0.180 hurdle and further performed negatively. The KAS crypto price has performed negatively and lost 23% last month.
Technical Levels
Resistance: $0.150 & $0.180
Support: $0.120 & $0.095
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.