Kaspa Price Prediction: KAS Plunges 14% In A Week Amid Bull v Bear Battle As Investors Go All-In This New GameFi Token ICO
The Kaspa price has plunged 14% in a week and 2% in the last 24 hours to trade at $0.1131 as of 03:37 a.m. EST on trading volume that edged up 5% to $108.8 million. This comes amid what seems like a bull v bear battle, with bullish investors seeing the continued downtrend as a buying opportunity while bearish traders anticipate a continued downtrend. Kaspa Price Prediction: Could KAS Rebound From The Current Bearish Trend? The Kaspa price chart has shown a downtrend since October, evident by the lower highs and lower lows forming a descending channel. According to data from GeckoTerminal , the bears took full control of the asset within the $0.15 resistance. KAS bulls could have utilized the death cross around $0.1620, as the 50-day Simple Moving Average (SMA) crosses below the 200-day SMA. With the recent downtrend, the Kaspa price trades below both SMAs, a testament to the continued bearish stance. The Relative Strength Index (RSI) is around 44.79, which is just below the neutr