Metric That Triggered 80% Kaspa Price Surge Reemerges, But KAS Could Dip First
Kaspa is experiencing major accumulation between $0.156 and $0.175. According to King Crypto, a similar accumulation occurred between $0.11 and $0.13. Following this, the price spiked by around 78%.
Kaspa (CRYPTO: KAS) price experienced a significant surge of 80% on March 22, fueled by a metric that previously triggered a 78% rally in the coin.
What Happened: As highlighted by King Crypto, a Kaspa community member, the coin has been quietly accumulating between $0.156 and $0.175. This accumulation zone aligns with a prior instance where Kaspa surged by 78% after consolidating between $0.11 and $0.13.
King Crypto hinted at the possibility of a similar surge in the coming days, noting that anything drastically bearish would be needed to halt the price surge.
A closer examination of the Kaspa price chart reveals a trendline support forming since mid-2023, serving as a pivot for price bounces. This support has been crucial for the bulls to acquire liquidity.
The sustained price dips to this trendline support could be a precursor to a major price bounce. Hence, if KAS price breaks below the accumulation support at $0.15, we might see the price retrace to this support.
See More: Best Crypto Charting Tools
Technicals Hint At Mixed Signals: The 50-day Simple Moving Average (SMA) is currently presenting a bearish hurdle to further price advances at around the $0.172 level.
However, on a longer timeframe, the 200-day SMA could act as support for a price bounce as it remains below the current price.
The Relative Strength Index (RSI) is at 48, indicating a neutral zone. This suggests that the price can move in either direction before becoming overbought or oversold, depending on the price movement.
The above is the detailed content of Metric That Triggered 80% Kaspa Price Surge Reemerges, But KAS Could Dip First. For more information, please follow other related articles on the PHP Chinese website!

Tether's gold-backed token, XAUT, has released its first official attestation, confirming it is backed by over 246500 ounces of gold

Sens. Adam Schiff (D-CA) and Elizabeth Warren (D-MA) said the dinner proved Trump may be engaging in “pay-to-play corruption.”

Crypto discussions are heating up again with Dogecoin (DOGE), Binance Coin (BNB), and BlockDAG (BDAG) taking different paths. The DOGE price is stuck just under $0.17

After facing a tough month with a 90% price dip, MANTRA has moved to stabilize its economy by initiating a major token burn.

In the ever-changing world of cryptocurrency, investors are constantly on the lookout for the next big opportunity. While XRP has long been a favorite

Tether, the company behind several leading cryptocurrency stablecoins, including USDT, announced Wednesday that it holds $770 million in physical gold bullion reserves backing its Tether Gold (XAUT) stablecoin.

Toncoin gained 4% after Telegram founder Pavel Durov's return and a $400 million funding wave for TON's ecosystem.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Atom editor mac version download
The most popular open source editor

VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft

Zend Studio 13.0.1
Powerful PHP integrated development environment

SublimeText3 English version
Recommended: Win version, supports code prompts!

Notepad++7.3.1
Easy-to-use and free code editor
