2024-7-24 22:30 |
Crypto ZX Channel has provided an analysis of Kaspa (KAS) amid Bitcoin’s slight price drop in a video analysis. The host highlights the interconnectedness of Kaspa’s performance with Bitcoin’s market movements, noting the current retracement and its broader implications.
The market has experienced a slight pullback due to Bitcoin’s minor dip. This retracement is seen as a normal shift given the recent bullish trends. The host noted that Bitcoin’s dominance index remains around 55.62%, showing its influence on the overall market.
Bitcoin’s price is currently at support levels, reminiscent of previous cycle highs from October 2021. The possibility of Bitcoin retesting the $64,000 support line is anticipated, driven by market sentiment and whale activity.
Kaspa (KAS) Price AnalysisAt the time of their analysis, Kaspa was priced at 17.3 cents, with a market cap of $4.2 billion and a daily trading volume of $42.1 million. However, at press time KAS trades at $0.177 with a daily trading volume of $35.21M. This is a 2.03% price increase in the last day. Over the past week, it dipped by 0.79% though.
Kaspa has recently faced resistance at the 23.6% Fibonacci retracement level. The next major support levels are identified at 16.8 cents and 16.3 cents. A support line was tested at 17.1 cents, showing a 5.75% dip from recent highs.
“The next major support levels for Kaspa are identified at 16.8 cents and 16.3 cents. A significant support line was also tested at 17.1 cents, showing a 5.75% dip from recent highs,” the host explained.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} Next Big Airdrop?.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Show less –Read also: Bitcoin Will Enter ‘Parabolic Phase’ Soon, Predicts Elite Crypto Analyst, But…
Market Sentiment and Future OutlookKaspa’s price movements are closely tied to Bitcoin’s performance. A drop in Bitcoin could lead to sharp pullbacks in Kaspa’s price. Due to its limited exchange listings, Kaspa is susceptible to manipulation, making it vulnerable to whale activities.
“Kaspa is susceptible to manipulation due to its limited exchange listings, making it vulnerable to whale activities,” the host highlighted.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Kaspa’s Price Analysis: This KAS Trend Suggests Bullish Momentum appeared first on CaptainAltcoin.
Similar to Notcoin - Blum - Airdrops In 2024
Bitcoin (BTC) на Currencies.ru
|