The crypto industry witnessed a massive uptrend in value as the total market cap has recorded a gain of over 5%, with Kaspa’s price outperforming the industry by adding over 47% within the past day.
The Kaspa price experienced a massive surge following the news of potential growth in the Bitcoin cloud mining phenomenon. Further, the developments of KAS’s integration with the OKX wallet and the upcoming airdrop of $1 Million are scheduled in the coming days.
The KAS price was seen trading in a closed range between $0.04559 and $0.05325 for a brief period. Further, the price displayed a weak price action despite the market experiencing a price pump in October. November started positively as the price successfully broke out of the upper level.
TradingView: KAS/USDT
Following this, the coin gained massive price action and recorded a new yearly high. The Kaspa coin was then rejected at $0.09732, after which the price experienced a correction of over 10% in value.
Kaspa’s price regained momentum, broke out of the resistance level, and continued to gain value. Recently, the price faced rejection at $0.13701, and the price is preparing to retest the level soon, of which the outcome is uncertain.
The MACD displays a rising green histogram, indicating a massive ongoing buying and selling power. Further, the averages show a constant rise in the chart, suggesting the price will continue gaining value in the coming days.
Will Kaspa Price Hit $0.15 Soon?
If the bulls push the price above the resistance level of $0.13701, the KAS price will regain momentum and prepare to test its upper resistance level of $0.1500 soon. Maintaining the price at that level will set the stage for Kaspa price for attempt to test its resistance level of $1.72 in the coming time.
On the flip side, if the bears overpowered the bulls, the price will lose momentum and fall to test its support level of $0.11621 soon.
Moreover, if the bears continue to dominate the market, the KAS coin will continue to lose value and prepare to test its lower support level of $0.09732 in the coming weeks.
Elena R
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
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