Kaspa Glimpse a Rebound; Can KAS Make New High Above $0.2000?

• The Kaspa coin price signifies a rebound and is waiting to reach $0.2000.
• Buyers are showcasing their dominance and are willing to make new highs.

Kaspa coin (KAS) depicted a sharp up-move and rebounded from the 50-day EMA mark in the last weeks. The coin climbed above the multiple hurdles and snappily reached the blue sky zone. However, the coin takes a nap and is consolidating near the highs, and mild profit booking was noted.

Kaspa coin price has escaped the key moving averages and is trading in a bullish trajectory. The trend is intact and the buyers continue accumulating, whereas sellers appear trapped. Per the Fib extension tool, the upside of $0.1900 is the prompt hurdle, and $0.2200 is the near-term target for the bulls. 

The Kaspa coin (KAS) price was $0.1748 at press time, with an intraday drop of  3.89%, showing neutrality on the charts. Moreover, the trading volume has increased by 47.01% to $68.75 Million. Kaspa coin has a weekly return ratio of 16.78% and 34.10% on a monthly basis. The pair of KAS/BTC is at 0.00000281 BTC, and the market cap is $3.98 Billion. Analysts are neutral and suggest that the KAS coin price will continue to extend the gains and may surpass $0.2000 soon.

Kaspa Displays Bullishness; Can Bulls Escape $0.2000 Mark?

The coin glimpsed a pullback from the 50-day EMA support zone on the daily charts, and a bullish crossover was exhibited. Furthermore, the coin has obtained a sharp bounce and is heading to cross the 52-week high mark of $0.1900. The technicals are signaling outperformance, and soon, the coin will skyrocket toward the blue sky zone above $0.2000. Until the high of $0.1900 is not breached, the coin may consolidate near highs, but if it passes, a sharp bull run can be anticipated toward $0.2500 in the following sessions.

The Relative Strength Index (RSI) curve stays in the overbought zone, forming a positive crossover and replicating the bullish momentum on the charts. Similarly, the MACD indicator shows a bullish crossover and formed green bars on the histogram, suggesting the bulls dominance.

The Kaspa Price Exhibits Rising Channel; Will The Bull Run Continue?

On the weekly charts, the Kaspa coin displays a rising parallel channel and persists in decisively forming the higher high swings and reaching the bullish territory. Following the market surge, the Kaspa coin has endured in stretching the up move and is glimpsing institutional buying cues that led to a sharp rebound in the past sessions.

Summary

The Kaspa coin (KAS) price glimpsed buying momentum and has stretched upward movements for the past weeks. The coin depicts higher high swings and is delivering investor interest. Furthermore, the coin has reached the top and is ready to crash the 52-week high mark soon.

Technical Levels

Support Levels: $0.1500 and $0.1300

Resistance Levels:$0.1900 and $0.2200

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.