๐ Prediction (KAS, TAO and HNT):
๐ #KAS/USDT - Since the beginning of 2024, the price of Kaspa has risen by 15%. However, the asset is now facing a significant correction threat, which could negate all its gains. Over the past three weeks, the cryptocurrency has sharply declined by 41%, dropping from its peak reached on February 20th at $0.188. Short-term EMA lines have fallen below long-term ones, and a "death cross" has formed on the chart, which typically signals further decline. If the correction persists, the #KAS price could fall to $0.099 or even to $0.075.
๐ #TAO/USDT - Over the past few months, the price of BitTensor has surged by 174.5%: starting the year at $274, by March 7th, the altcoin had reached a historical high of $752.13. However, after reaching its peak, the #TAO price began to decline, stabilizing around $580. Interestingly, on March 20th, a technical shift occurred: short-term exponential moving averages dropped below long-term ones, prompting a swift decline. If the downtrend persists, BitTensor could test key support levels at $524 and $415.
๐ #HNT/USDT - Helium started the year at $6.96 and rose to $10.03 by February 15th. However, the altcoin is still far from its all-time high of $54.81 reached on November 12, 2021. The fact that HNT has not approached its ATH even with the buzz around DePIN definitely raises some concerns among investors. On March 11th, short-term EMA lines crossed below long-term lines, forming a "death cross". Subsequently, the asset's price began to freely fall. Currently, Helium is trading at $6.18. If the downtrend continues, the altcoin's price could collapse to $4.74, and if this support proves insufficiently strong, it could test last year's level of $2.17.
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