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

adminAugust 3, 2024

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Kaspa’s market performance suggests potential growth as it attempts to recover from its recent decline. KAS is currently trading at $0.187578, which represents a 1.38% increase.

Kaspa Key Statistics:

Current price: $0.187578
Market Cap: $4.51 billion
Circulating supply: 24.35 billion KAS
Total supply: 24.36 billion KAS
CoinMarketCap Rank: 22

KAS/USDT Market

Kaspa has been in an uptrend with a recent consolidation period. The current volume is $126.34 million with 653,411,818 KAS participating. Market participation is moderate. Over the past 30 and 7 days, the price of Kaspa has fallen 8.71% from its high, but has risen 28.63% and 7.54% from its low, respectively.

Key resistance and support levels:

Resistance Level: $0.1900, $0.2000, $0.2100
Support Level: $0.1670, $0.1570, $0.1470

A closer look at the daily chart shows that Kaspa’s upper Bollinger Band is at $0.1914, the middle band is at $0.184120, and the lower band is at $0.167752. Kaspa’s price action shows a pattern of higher highs and higher lows, which suggests continued bullish momentum.

Kaspa(KAS) Price Prediction Today August 3 – KAS Technical Analysis — KAS/USDT- Daily Chart

Can Caspar Break $0.20 Resistance?

Kaspa’s price trend has shown a bullish bias with a recent uptrend. The immediate resistance level is around $0.1950, and if this level is broken, there is a potential upside to $0.20. However, concerns about the sustainability of the rally persist due to the presence of lower highs in the past. To overcome this, sustained buying pressure is essential to push the price up to the resistance level.

The MACD indicator is showing a bullish crossover, suggesting that the bullish momentum is gaining ground. However, the histogram is starting to shrink, indicating that the current uptrend may be exhausted.

KAS/BTC Performance Insights

The KAS/BTC pair is in a bullish trend, with the price trading above the 20-period simple moving average (SMA). The overall chart structure suggests a potential uptrend, separated by consolidation periods. Key indicators reinforce this bullish sentiment.

The price has formed higher highs and higher lows, which is a typical bullish pattern. The Bollinger Bands are expanding, indicating increased volatility, while the price is interacting with the upper band, suggesting a possible breakout or pullback. The MACD is positive and confirms the bullish momentum with the increasing histogram and the MACD line above the signal line.

@plzsats also mentioned on X (formerly Twitter) that KAS has been supported by respected developers and some of the best crypto researchers since the early days of Litecoin. This suggests that the project is backed by trustworthy and experienced individuals, which could help dispute claims that it is a scam.

Did you know that Kaspar is being developed by one of the original Litecoin developers and some of the industry’s leading cryptocurrency researchers?
Call it a scam if you will, but for years to come you will continue to ask yourself why it doesn’t go away. pic.twitter.com/glgPoKXTOO
— Captain Sats 𐤊 (@plzsats) August 2, 2024

Kaspa’s alternative

KAS shows great potential as its price is volatile and it is looking for the next reasonable direction. While Kaspa looks promising, PlayDoge has also attracted considerable attention with its strong pre-sale performance. Over $5.9 million has been raised so far. The rapid fundraising demonstrates strong belief in the potential of the project and the attractive value proposition it offers.

In addition to its initial success, PlayDoge has also created a vibrant and engaged community. Grassroots support is essential to the long-term success of any cryptocurrency project, as it fosters a loyal user base and drives adoption. As the pre-sale countdown continues, anticipation for the official launch of $PLAY is growing, positioning it as a potential frontrunner in the competitive cryptocurrency market.

PlayDoge Offers Millions of Dollars in Gaming Rewards

By removing the complexity associated with cryptocurrency investing, the token has established itself as a user-centric platform. As the cryptocurrency landscape continues to evolve, PlayDoge’s trajectory is one to watch.

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