Kaspa (KAS) Price Prediction for Today, August 3 – KAS Technical Analysis

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Kaspa’s market efficiency suggests potential progress because it makes an attempt to rebound from a current drop. KAS is at the moment buying and selling at $0.187578, representing a 1.38% enhance.

Kaspa Key Statistics:

Present Value: $0.187578
Market Cap: $4.51 billion
Circulating Provide: 24.35 billion KAS
Whole Provide: 24.36 billion KAS
CoinMarketCap Rating: 22

KAS/USDT Market

Kaspa has proven a current upward pattern with durations of consolidation. With a present buying and selling quantity of $126.34 million, involving 653,411,818 KAS. Its market engagement is reasonable. During the last 30 and seven days, Kaspa’s worth has decreased by 8.71% from its peak, however surged by 28.63% and seven.54% from the minimal costs, respectively.

Key Resistance and Help Ranges:

Resistance Ranges: $0.1900, $0.2000, $0.2100
Help Ranges: $0.1670, $0.1570, $0.1470

An in depth evaluation of the every day chart reveals that Kaspa’s higher Bollinger Band is at $0.1914, the center band at $0.184120, and the decrease band at $0.167752. Kaspa’s worth motion exhibits a sample of upper highs and better lows, suggesting continued bullish momentum.

Kaspa (KAS) Price Prediction for Today, August 3 – KAS Technical Analysis

KAS/USDT- Day by day Chart

Can Kaspa Break By means of $0.20 Resistance?

Kaspa’s worth pattern has displayed a bullish bias with current upward motion. The fast resistance stage is round $0.1950, with potential upward motion towards $0.20 if this stage is breached. Nevertheless, considerations in regards to the rally’s sustainability persist as a result of presence of decrease highs prior to now. To beat this, sustained shopping for stress is crucial to drive the value in the direction of the resistance ranges.

The MACD indicator exhibits a bullish crossover, suggesting strengthening bullish momentum. Nevertheless, the histogram is beginning to shrink, indicating potential exhaustion of the present uptrend.

KAS/BTC Efficiency Insights

The KAS/BTC pair is exhibiting a bullish pattern, with the value buying and selling above the 20-period Easy Shifting Common (SMA). The general chart construction suggests a possible uptrend, punctuated by durations of consolidation. Key indicators reinforce this bullish sentiment.

The worth has fashioned greater highs and better lows, a traditional bullish sample. The Bollinger Bands are increasing, indicating rising volatility, whereas the value’s interplay with the higher band suggests potential for both a breakout or a pullback. The MACD, with its constructive and rising histogram and the MACD line above the sign line, confirms the rising bullish momentum.

Moreover, @plzsats talked about on X (previously Twitter) {that a} revered developer from the early days of Litecoin and a few prime crypto researchers are concerned with KAS. This implies that the mission has credible and skilled people behind it, which could problem claims of it being a rip-off.

one of many og litecoin devs and a few of the greatest crypto researchers within the enterprise is engaged on kaspa proper?

name it a rip-off if you’d like, however your gonna carry on questioning your self why it’s not going away within the coming years pic.twitter.com/glgPoKXTOO

— Captain Sats 𐤊 (@plzsats) August 2, 2024

Alternate options to Kaspa

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