On February 20, the Kaspa token reached a fresh all-time high, peaking near $0.19, but subsequently experienced a retracement.
Despite facing the bearish trend, Kaspa's price has consistently upheld support above $0.10.
Kaspa (KAS) formed a week-long zigzag pattern, breaking above the key resistance at $0.1350 today but quickly retraced below it.
On the daily chart, KAS displays Three White Soldiers, indicating a sustained bullish trend.
On the daily chart, KAS broke the descending trendline and is maintaining its position above it.
As per Coingabbar analysis, If Kaspa's price exceeds the $0.15 resistance level this month, it could potentially trigger a rally towards the $0.20 mark.
Bullish outlook relies on Kaspa surpassing $0.14 resistance. Failure may lead to retreat to $0.10 support, potentially extending downward trend.
KEY LEVELS :
RESISTANCE LEVEL : $0.160000-$0.200000
SUPPORT LEVEL : $0.100000-$0.055000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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