- Trading volume has advanced by 150% in the past 24 hours.
- Kaspa crypto price has surged by 27% in a week, showing buyers’ domination.
In a wider timeframe, the Kaspa crypto price has risen by generating higher highs and higher lows swings. The bullish trend has interrupted near the $0.190 hurdle and has faced resistance thrice since March. The price recorded a new all-time high in the first week of June and displayed weakness.
At press time, the Kaspa crypto price traded at $0.177, which remained neutral in the last 24 hours. The market capitalization is $4.25 Billion, which has increased by 10.88% during an intraday session. The 24-hour trading volume is $153.37 Million, with a rise of 150%.
Will Kaspa Price Overcome $0.200 Hurdle Soon?
![Kaspa](https://themarketperiodical.com/wp-content/uploads/2024/06/image-316-1024x549.png)
On a wider time frame, the KAS price has been struggling to surpass the major resistance level of $0.190 for the past few months. At the beginning of June, the Kaspa price showed weakness and dropped to the $0.140 level. The price has formed a small base at the $0.140 mark, surging by around 30%.
At the time of writing, the Kaspa crypto price has extended to the major resistance level, showing weakness. Investors might prefer to book profit if the price forms a bearish candlestick pattern at the $0.190 mark. The profit booking may lead to a bearish momentum and drag the price to the 200-day EMA in a few weeks.
In contrast, if the digital asset price surpasses the major resistance level and trading volume increases, buyers might participate and lift to a new all-time high. Suppose the price sustains the $0.200 hurdle; the KAS price may remain bullish for a longer time frame.
Based on the technical indicators, the Kaspa price traded over the key moving averages at the time of writing, indicating a bullish trend. The histograms have flipped to red, and MACD has developed a bullish crossover with the Signal line.
Kaspa Price Forecast Based on Volume
Since the beginning of June, the trading volume has kept falling, which has affected the Kaspa price negatively. In the past 4 days, the trading volume has surged by around 200%, and the price has gained bullish momentum.
Suppose the volume becomes stable over the $100 Million, then bullish momentum for the longer frame can be expected.
Investors Showing Interest?
Kaspa crypto price has been experiencing significant volatility, with a surge in trading volume and price fluctuations. The price has struggled to overcome the $0.190 hurdle and faces resistance at this level.
On the other hand, if the price manages to surpass the major resistance level and trading volume increases, it could pave the way for a new all-time high. Technical indicators suggest a bullish trend, but the stability of trading volume will be a key factor in determining the longer-term momentum.
Technical Levels
According to the technical chart pattern, the KAS crypto price may face resistance at $0.180. The price is expected to take support at $0.140 and $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.