The Kaspa (KAS) community is increasingly frustrated by the delay in spot listings on major exchanges such as Binance, Kraken, and OKX. Despite being listed on these platforms’ futures markets, Kaspa has yet to secure a spot listing.
In a recent analysis, Crypto ZX suggests that these exchanges might be waiting for the launch of Kaspa’s smart contracts before proceeding with a full listing. Additionally, regulatory concerns and other technical factors could also be contributing to the delay.
Strong Community Support Amid Delays
Despite the delay, Kaspa’s community continues to show strong support for the project. A recent X poll highlighted this sentiment, with many voters choosing Kaspa over established cryptos like Bitcoin and XRP.
This overwhelming backing highlights the robust community engagement surrounding Kaspa. Moreover, the analysis highlights that exchanges have listed Kaspa on futures platforms. This indicates their recognition of its potential, even though a spot listing remains elusive.
Bitcoin’s Influence and Kaspa’s Price Action
Kaspa’s recent price movements have been influenced by Bitcoin’s market behavior. As Bitcoin experienced a “complete fakeout” after retesting a key resistance level, its downward move led to a ripple effect across the crypto market, impacting Kaspa as well.
On the daily timeframe, Kaspa lost support at the 61.8% Fibonacci retracement level, dropping to 16.1 cents. The analysis emphasizes the importance of this level. He notes that if the current support fails, Kaspa could potentially retest the 15.8 cents area.
Despite this decline, Kaspa has maintained strong momentum, positioning itself as one of the best-performing assets over the past 12 to 18 months.
Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.
Show more +Show less –
Read also: MATIC Holders Might Need to Act Fast Amid Polygon’s New Upgrade
Key Resistance Levels and Future Prospects
Kaspa’s price has repeatedly tested a critical resistance level at 17.3 cents over the past two weeks but has yet to break through it. According to Crypto ZX, a breakout above this level is essential for Kaspa to reach the next resistance at the 38.2% Fibonacci retracement level.
Historically, breaking such key resistances has led to sharp price increases, sometimes resulting in new all-time highs. The analysis suggests that if Kaspa can overcome this barrier, it could lead to price gains, potentially setting the stage for new highs.
However, the speaker stresses the importance of market conditions aligning to provide the necessary bullish momentum.
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.
We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Kaspa Spot Listings Delayed as Key Resistance Holds: Is a KAS Price Breakout Imminent? appeared first on CaptainAltcoin.