Kaspa Price Prediction: KAS Soars 28% As Potential Explosive Growth Emerges In This Bitcoin Cloud Mining Phenomenon
The Kaspa price has experienced a 28% increase in the last 24 hours to trade at $0.1088 as of 7:49 a.m. EST.
The surge can be attributed to new developments such as KAS’s integration with the OKX wallet and its news of an upcoming $1 million airdrop.
— Kaspa (@KaspaCurrency) November 15, 2023
Kaspa trading volume has also experienced an 88% surge in the last 24 hours to reach $84.05 million.
KASPA Price: Bulls May Be Poised For New Highs
KASPA’s price has been trading on wave-like patterns since its beginning, with each bullish wave growing in size and resulting in significant price surges. These waves are categorized as wave 1, wave 2, wave 3, and wave 4.
The bullish momentum has driven KAS’s price to exceed the $0.042 resistance threshold on wave 3. Following a brief retracement to the $0.034 support level, the bulls have found support, regaining price control.
Bulls are currently riding the 4th wave, facing a minor setback around the $0.095 resistance level. A breakthrough at this key level could trigger a significant upward movement. The price has encountered two bounces during its ascent, confirming the possibility of a rally beyond the crucial resistance at $0.078.
KAS trades above the 50-day and 200-day simple moving averages, indicating the prevailing bullish sentiment. Moreover, these moving averages intersect at $0.024, signifying support for sustained upward momentum.
The relative strength index (RSI) has experienced a slight decline. However, it remains above the overbought region of 70, indicating intense buying pressure.
Kaspa Price Support At $0.078
Based on the analysis, KAS appears primed for another bullish surge. Conversely, if there is a candlestick closure below the parabolic curve, the price may find support on the lower bullish trendline at $0.078.
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