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 neutral 50 level. This reading indicates mild bearish momentum, but it’s not in oversold territory (below 30), suggesting that there might still be room for further downside before hitting oversold levels. However, there was a slight bounce on the RSI recently, hinting at a small relief rally that might be limited by the overhead resistance of the channel and moving averages.

The MACD line (blue) is close to the signal line (orange) and slightly positive at 0.0003, with the histogram showing minimal divergence. This setup suggests weak bullish momentum but lacks the strength to indicate a significant reversal.

According to the KASUSD chart Analysis, the price of Kaspa is poised for a bullish trend reversal. The bulls aim to capitalize on positive technical indicators, including the RSI and MACD, to propel the price. If this scenario successfully happens, KAS could rise above the upper boundary of the channel, as the bulls target the $0.14 resistance.

Kaspa Price Chart Analysis Source: GeckoTerminal.com
KASUSD Chart Analysis Source: GeckoTerminal.com

If the bears continue pushing the price down, the Kaspa price could plunge further to the $0.10 support zone.

Meanwhile, investors might want to consider a new meme coin casino project called Memebet Casino (MEMEBET Token), which has just hurtled past $549K in its presale.

Memebet Token – Next Crypto To Explode?

Memebet Casino is an online casino built on the Ethereum blockchain that allows users to bet with popular meme coins like Dogecoin and Shiba Inu for the first time.

It operates through a web and Telegram interface with no KYC requirements, offering a secure and accessible gaming experience. This innovative approach positions it as the first platform of its kind in the gaming industry.

Mathew Perry, a popular crypto analyst on YouTube with over 227K subscribers, says $MEMEBET Token ”will explode in 2025.”

$MEMEBET tokens are selling for $0.0263 right now. With a price increase due in less than 4 days, don’t wait too long to lock in the lowest possible price.

Buy MEMEBET Token from the official website here.

Related News

  • Best Cheap Crypto to Buy Now In 2024 – Low Cost Coins
  • A How-To Guide on Buying Cryptocurrency Safely in 2024
  • How to Buy Bitcoin with Debit Card 

Comments

Post a Comment

Popular posts from this blog

Ripple Analysts Predict XRP Surge to $0.66 as Volume Skyrockets

Image
With Ripple celebrating a year anniversary of a critical ruling in its ongoing legal battle with the US Securities and Exchange Commission (SEC), analysts predict XRP to surge to $0.66 as the tokens’ volume skyrockets. Moreover, investment interest has also surged, only strengthening the forecasts. XRP has surged above the $0.52 level following a 25% increase over the last seven days, according to CoinMarketCap. Additionally, the crypto has seen transactions increase to as much as $2.55 million, despite reversing to its current $1.6 million level. Still, there is reason to be optimistic for the token’s performance. Source – CryptoTicker Also Read: Ripple: Will XRP Skyrocket to $3.81 By 2030? XRP Could Continue Surging Far Above $0.6 Level, Analyst Says In a post to X (formerly Twitter), crypto analyst Dark Defender predicted that Ripple (XRP) could surge to the $0.66 level as its volume skyrockets. Indeed, the analyst noted that the crypto broke resistance at the $0.46 level. Moreover,
Read more

Cardano: ADA To Pump At $10, Analyst Predicts

Image
Cardano, one of the domain’s notable crypto tokens, is yet to experience the bullish onset of the market that its contemporaries are currently basking in. Moreover, the token has long been trading between $0.40 and $0.47, drawing significant speculation on when its price will skyrocket. The ADA ecosystem is looking forward to the Chang Hard Fork update, which is poised to introduce noteworthy changes in Cardano’s infrastructure and order. With the hard fork timeline drawing in hard and fast, several crypto analysts are also busy predicting new price thresholds for ADA and speculating on Cardano’s future price levels.  Also Read: Analyst Predicts Timeline For Cardano’s ( ADA ) Bullish Price Breakout Chang Hard Fork Could Help ADA Surge To $10 Source: Reddit Cardano’s slow price pace has been a serious topic of contention within the crypto community. With the Chang Hard Fork upgrade in the mix, several analysts are banking on ADA ’s meteoric price rise post-fork deployment,
Read more

Setup for High-Quality Altcoins Looking Increasingly Favorable As Global Liquidity Gears Up for Expansion: Jamie Coutts

Image
Real Vision analyst Jamie Coutts thinks high-quality altcoins could be primed for price surges as global liquidity ramps up. Coutts tells his 18,600 followers on the social media platform X that the market looks close to washed out, global liquidity is about to turn higher and the risk/reward picture looks “increasingly favorable” for high-quality altcoins. “Top 200 Equal Weight vs. market cap weight ratio at extreme bearish levels. Currently, it’s -2.8 standard deviations ~ a bearish extreme that only hit on three previous occasions. • 2021: During a bull market that proved to be an excellent re-up for the cycle. • 2022: prematurely, but close to the cycle lows when the market was 70% down. • 2023: Near the SEC-catalyzed capitulation lows, Alts decisively broke higher four months later. Despite a small sample size, this breadth measure hints at upcoming cyclical bottoms and mid-cycle entries. Current data parallels 2021’s mid-cycle slump, not 2022/23’s end.”
Read more