Kaspa (KAS) has interested analysts and crypto enthusiasts due to its surging on-chain metrics. Notably, Kaspa processed over 13 million transactions within a day, showcasing its capacity for high transaction throughput.
This development has sparked curiosity among traders about whether this growth will translate into price momentum. The tweets from crypto influencers, including @OfficialTravlad and @Theblockvlog, offer insights into Kaspa’s current positioning and market sentiment.
According to @OfficialTravlad, Kaspa stands out as a revolutionary project, particularly in the PoW sector, having set a transaction record. With $KAS processing millions of transactions in a single day, this network activity underscores its scalability.
Daily reminder. $KAS is the most revolutionary crypto of recent crypto history.A record breaking POW, processed 13M+ transactions within 24 hours. @KaspaCurrency
— Travladd Crypto 𐤊 (@OfficialTravlad) November 6, 2024
Key Support and Resistance Levels for KAS
Analyst @Theblockvlog shared an analysis of Kaspa’s price levels, highlighting a key support range and a crucial resistance point. In his chart, Kaspa’s price has shown resilience at a support zone between $0.1020 and $0.1080, known as the “golden pocket.”
The buying interest at this level suggests strong support, with multiple price wicks indicating active demand. Meanwhile, a resistance level has emerged at $0.1210, where closing above this threshold could fuel bullish momentum.
This critical price point marks a potential breakout zone, with analysts closely monitoring Kaspa’s performance in this range.
When it comes to being profitable in #Crypto i keep on searching for charts with low hype and good structure here is one for you :$KAS #KASPA i remember how people were crazy about this few months back and how now no one is talking about it . bouncing from the golden… pic.twitter.com/iMEpxeNsiK
— LA𝕏MAN (@Theblockvlog) November 7, 2024
Read also: Why Is Lido DAO Pumping? Expert Outlines LDO Price Path to $3
Price Action and Potential Upside
Kaspa’s recent price movement has aligned with @Theblockvlog’s recommendation to focus on assets with solid structure but low hype. The price rebounded from the support level, showing strength in the current market structure.
Should KAS close above the $0.1210 resistance, it may spark increased interest, potentially driving higher buying pressure and renewed market enthusiasm. This level, once sustained, could pave the way for further gains.
Despite the recent dip in trading activity surrounding Kaspa, analysts believe that assets like KAS could offer strategic opportunities. At the time of writing, Kaspa trades at $0.1167, showing minor swings but maintaining an upward trend over the past week.
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