KAS

Kaspa, a cryptocurrency based on the Proof of Work (PoW) consensus mechanism similar to Bitcoin (BTC), is among the top altcoins expected to hit new all-time highs. Currently trading at $0.16, KAS has been hitting new all-time highs since June until August 1.

Looking ahead to September, BeInCrypto expects KAS to maintain its upward momentum with the potential to break through $0.20. On the daily chart, KAS has been fluctuating between $0.15 and $0.17 for the past 22 days, indicating that the $0.15 level has become a key support point for the cryptocurrency.

In addition, KAS’s Money Flow Index (MFI) is currently at 24.38, indicating oversold conditions. MFI measures the liquidity inflows and outflows of an asset and helps determine whether a cryptocurrency is overbought or oversold. Readings of 80.00 or above indicate overbought conditions, while readings of 20.00 or below indicate oversold conditions that could signal a buying opportunity.

KAS is approaching oversold levels, which means a significant rally could be imminent. Historical data shows that whenever KAS reaches an MFI reading similar to current levels, it typically climbs to a new all-time high (ATH).

If this pattern holds, KAS could reach $0.21 or higher by September. However, this prediction could be invalidated if the broader cryptocurrency market experiences another downturn, in which case KAS could drop to $0.14.