[ad_1]
Be part of Our Telegram channel to remain updated on breaking information protection
The Kaspa value has plunged 14% in every week and a pair of% within the final 24 hours to trade at $0.1131 as of 03:37 a.m. EST on buying and selling quantity that edged up 5% to $108.8 million.
This comes amid what looks as if a bull v bear battle, with bullish traders seeing the continued downtrend as a shopping for alternative whereas bearish merchants anticipate a continued downtrend.
Kaspa Worth Prediction: May KAS Rebound From The Present Bearish Pattern?
The Kaspa value chart has proven a downtrend since October, evident by the decrease highs and decrease lows forming a descending channel. Based on knowledge from GeckoTerminal, the bears took full management of the asset inside the $0.15 resistance.
KAS bulls might have utilized the loss of life cross round $0.1620, because the 50-day Easy Shifting Common (SMA) crosses under the 200-day SMA. With the current downtrend, the Kaspa value trades under each SMAs, a testomony to the continued bearish stance.
The Relative Power Index (RSI) is round 44.79, which is just under the impartial 50 stage. This studying signifies gentle bearish momentum, but it surely’s not in oversold territory (under 30), suggesting that there would possibly nonetheless be room for additional draw back earlier than hitting oversold ranges. Nevertheless, there was a slight bounce on the RSI not too long ago, hinting at a small aid rally that may be restricted by the overhead resistance of the channel and transferring averages.
The MACD line (blue) is near the sign line (orange) and barely optimistic at 0.0003, with the histogram exhibiting minimal divergence. This setup suggests weak bullish momentum however lacks the power to point a major reversal.
Based on the KASUSD chart evaluation, the worth of Kaspa is poised for a bullish development reversal. The bulls goal to capitalize on optimistic technical indicators, together with the RSI and MACD, to propel the worth. If this state of affairs efficiently occurs, KAS might rise above the higher boundary of the channel, because the bulls goal the $0.14 resistance.
If the bears proceed pushing the worth down, the Kaspa value might plunge additional to the $0.10 assist zone.
In the meantime, traders would possibly need to take into account a brand new meme coin on line casino venture referred to as Memebet Casino (MEMEBET Token), which has simply hurtled previous $549K in its presale.
Memebet Token – Subsequent Crypto To Explode?
Memebet On line casino is an internet on line casino constructed on the Ethereum blockchain that permits customers to wager with fashionable meme cash like Dogecoin and Shiba Inu for the primary time.
It operates by means of an online and Telegram interface with no KYC necessities, providing a safe and accessible gaming expertise. This modern method positions it as the primary platform of its type within the gaming business.
One massive win and all of a sudden I’m the king
Be part of the presale 👇 https://t.co/cY4p8PqXzg pic.twitter.com/k9ISXsbJcT
— MemeBet (@Memebetcasino) October 30, 2024
Mathew Perry, a preferred crypto analyst on YouTube with over 227K subscribers, says $MEMEBET Token ”will explode in 2025.”
$MEMEBET tokens are promoting for $0.0263 proper now. With a value improve due in lower than 4 days, don’t wait too lengthy to lock within the lowest potential value.
Buy MEMEBET Token from the official website here.
Associated Information
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
Be part of Our Telegram channel to remain updated on breaking information protection
[ad_2]
