Despite the cryptocurrency market's bullish trend since November, with Bitcoin ($BTC) reaching new heights, Kaspa (KAS) has been bucking the trend. This Layer-1 cryptocurrency has been experiencing significant bearish pressure, with its price declining by 18% over the past 30 days to $0.13.

A Bearish Technical Indicator: Head and Shoulders Pattern

Kaspa's price action in 2024 has formed a classic Head and Shoulders pattern, a well-known bearish technical indicator. This pattern consists of:

1. Left Shoulder: Formed during an initial rally earlier in the year.
2. Head: The subsequent upward movement pushed Kaspa to its all-time high of $0.2075.
3. Right Shoulder: Recently, Kaspa faced rejection near the $0.19 resistance level, completing the pattern.

The completion of the Right Shoulder has intensified selling pressure, driving the price lower toward the crucial neckline support at $0.1050.

Potential for Further Decline

The Head and Shoulders pattern points to a bearish outlook, with the $0.1050 neckline acting as a critical support zone. A breakdown below this level, especially with high trading volume, would confirm the bearish trend and could lead to additional price depreciation.

However, this support level also presents a potential inflection point. Buyers may emerge at $0.1050 to defend the price, leading to a reversal or a short-term recovery.

Key Technical Indicators

1. Relative Strength Index (RSI): Kaspa's RSI is currently at 37, approaching the oversold threshold. This indicates bearish momentum but also suggests the possibility of a short-term bounce near the $0.1050 support level.
2. Volume Trends: Increased selling volume at the neckline would solidify the bearish outlook, whereas declining volume could signal weakening selling pressure, providing an opportunity for stabilization.

Conclusion

Kaspa's price action remains under significant bearish pressure, as evidenced by the Head and Shoulders pattern. The neckline at $0.1050 will serve as a pivotal level in determining the token's next move. A decisive break below $0.1050 could accelerate downward momentum. Alternatively, if buyers step in, the price may stabilize or rebound, creating opportunities for short-term recovery.

As Bitcoin continues to dominate the market, Kaspa's independent trend highlights the importance of closely monitoring technical indicators and key support levels. Investors should remain vigilant for signals of a potential trend shift or further downside risks.
#kaspacurrency #Kaspa #BinanceAlphaTop5

Date: Wed, Dec 18, 2024, 07:55 AM GMT
The cryptocurrency market has been making bullish waves since November, with Bitcoin (BTC) leading the charge and smashing previous records to hit an all-time high of $108K.
However, not all tokens are riding the bullish wave. Kaspa (KAS), the Layer-1 token, is moving in the opposite direction, following its own trend. Over the past 30 days, Kaspa has seen a sharp decline of 18%, bringing its current price to $0.13 level.

Source: Coinmarketcap
Head and Shoulders Pattern
Kaspa’s price action since the start of this year has been forming a classic Head and Shoulders pattern, a bearish technical indicator that often signals a potential trend reversal.

The Left Shoulder formed earlier this year, followed by a rally to create the Head, where Kaspa achieved its all-time high of $0.2075.
Recently, Kaspa faced rejection from the $0.19 resistance level, which established the Right Shoulder. This rejection has added bearish pressure, and now the price appears to be heading downward toward the neckline support at $0.1050.
More Downside Ahead?
The Head and Shoulders formation indicates that Kaspa could be preparing for further declines, and the key level to watch is the $0.1050 neckline. This support zone is crucial because a breakdown below this level with strong selling volume would confirm the bearish trend and potentially open the door to lower price targets. On the other hand, Kaspa could also make a reversal if it reaches this support level, as buyers might step in to defend the price.
Looking at the technical indicators, Kaspa’s Relative Strength Index (RSI) currently sits around 37, approaching the oversold territory. This suggests that while the momentum remains bearish, there is a possibility of a short-term bounce near the neckline support at $0.1050.
Conclusion
Kaspa (KAS) is showing strong bearish momentum as the Head and Shoulders pattern unfolds. The price is approaching the critical neckline support at $0.1050, which will likely act as a turning point. If Kaspa breaks below this level, it could trigger further downside pressure in the days ahead. However, a reversal remains possible if buyers step in to defend the $0.1050 support zone, offering a chance for short-term recovery.
In a market where Bitcoin (BTC) continues to surge, Kaspa’s independent price movement underscores the need to monitor its technical levels carefully for any signs of a shift in trend.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
#Kaspa #NFA

50

The crypto space is brimming with hidden gems, and some low-cost coins have massive potential for explosive growth. Here are 5 coins under $1 that could skyrocket by 2025;
1 ):- #CYBRO 🤖
A multi-chain, "AI-powered DeFi platform" that’s making waves ahead of its "Token Generation Event (TGE)". CYBRO raised "$7M" in presale and surged from "$0.01 to $0.055". With "cutting-edge AI tools" simplifying DeFi investments, CYBRO is set to revolutionize the space and could see explosive growth. 🔥🌕
2 ):- #Kaspa (KAS)✨
Kaspa uses the "GHOSTDAG protocol" and achieves "1-second block speeds", making it one of the fastest and most scalable blockchains. With plans to scale up to "100 blocks per second", this project is poised for massive growth in the blockchain ecosystem. 🔥📈
3 ):- #TRON (TRX) 🌐
TRON offers a "decentralized content platform" with "fast transactions"and "low fees". As blockchain adoption accelerates, TRON’s cost-efficient platform supporting "dApps" and "smart contracts" makes it a top contender for future gains. 💥
4 ):- #Terra Classic (LUNC)
LUNC combines "Bitcoin’s censorship resistance" with "stablecoin innovation"to create a powerful global payment solution. Its growing ecosystem and strong community position it for success when the next market cycle hits.🌟
5 ):- #VeChain (VET)
VeChain is "transforming supply chain management" with blockchain technology. With "major partnerships" like "Walmart" and "BMW", VeChain is positioned for long-term growth as its solutions become more widely adopted. 🏭
___ Why CYBRO Leads the Pack 💡 ___
While all five projects show great potential, "CYBRO" stands out with its "AI-driven DeFi ecosystem'. As "AI" and "blockchain technologies" continue to grow, CYBRO could redefine how we invest and maximize yields. This is an opportunity early investors won't want to miss! 💰
⚠️ "Disclaimer:- this is not a financial advisoe Crypto investments are "risky"! Always remember to "Do Your Own Research (DYOR)"before diving in.

Date: Fri, Oct 18, 2024, 07:53 AM GMT
Kaspa (KAS), a layer-1 blockchain known for its fast transactions and scalability, has experienced substantial growth this year. However, the token is currently navigating some rough waters. Over the past two months, the price of KAS has tumbled by 39%, falling from its all-time high (ATH) of $0.20 on August 1 to around $0.1255 today.

Outflows Hit KAS Despite Bitcoin's Rally
While several altcoins have rallied alongside Bitcoin (BTC) recently, Kaspa has struggled. Analysis indicated this slump could be due to profit-taking, as many investors booked gains after KAS outperformed the broader market earlier this year. During Bitcoin’s bearish phases, Kaspa held strong, making impressive gains—a trend that may have now reversed as liquidity flows out.
Can KAS Make a Comeback?
Currently, Kaspa is trading near a critical support level on a downtrend line at $0.1255. This level has caught the attention of analysts, including Travladd Crypto, who recently noted that:
“The last three times $KAS touched this trendline, a new ATH followed shortly after.”

Source: Travladd Crypto (x)
This suggests that, despite the current bearish sentiment, there’s potential for a reversal. If history repeats itself, KAS could bounce from this support and aim for a new all-time high soon.
Market Sentiment Remains Mixed
Not all traders share the same optimism. Some market participants remain cautious, citing the recent decline and uncertainty surrounding Kaspa’s near-term performance. With KAS trading at a critical juncture, all eyes are on whether the token will bounce back or continue its downtrend.
Conclusion
As Kaspa tests key support levels, it remains to be seen if the token can regain momentum and hit a new ATH. Traders are keeping a close watch, waiting for a potential breakout or further downside movement.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
#Kaspa #KAS #NFA

Date: Wed, Nov 06, 2024, 11:45 AM GMT
The cryptocurrency market is celebrating today as Bitcoin (BTC) achieves a milestone, hitting a new all-time high of $75,000. This rally is largely driven by optimism surrounding the U.S. election, where crypto supporter Donald Trump has been elected president. This positive market sentiment has lifted several altcoins, including Kaspa (KAS).Kaspa (KAS), which had been in a downtrend over the last few months—dropping around 25% in the past 90 days—has managed to break out of its bearish phase with an impressive 12% gain today. Currently trading at $0.1191, KAS made a strong comeback by bouncing off the crucial support level of $0.1017.

Source: Coinmarketcap
Is a +50% Move on the Horizon?
The technical setup for KAS looks promising for a potential rally. The price has rebounded off a well-established support level at $0.1017, signaling that this level may serve as a strong foundation for future upward movement. If bullish momentum continues, KAS may target the next significant resistance area around $0.18, which would represent a potential 50% gain from its current level.

This pattern is reinforced by the "W" shape formation visible in the chart, which suggests that KAS may be entering a reversal phase. The recent price action has formed higher lows, indicating that buyers are stepping in at increasingly higher levels, reducing selling pressure.
Additionally, the RSI (Relative Strength Index) currently sits around 41.94, just shy of the neutral zone, indicating there’s room for upward movement before KAS becomes overbought. If buying momentum continues to build, this could create the perfect conditions for a significant breakout.
However, traders should watch for potential resistance near the $0.1489 level, which may act as psychological barriers. Breaking through these levels with sustained volume would likely confirm the bullish outlook for KAS, making a +50% rally to the $0.18 target in the coming weeks.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Kaspa #KAS $KAS

Date: Thu, Nov 14, 2024, 04:59 PM GMT
In the cryptocurrency market today, the price of Kaspa (KAS) saw a remarkable surge, climbing by 18% within the past hour and reaching a high of $0.1416. This upward movement follows an exciting announcement from the prominent crypto exchange, Kraken.

Source: Coinmarketcap
Kraken Listing Announcement:
Just minutes ago, Kraken announced that it will list Kaspa (KAS) on November 19th at 14:00 UTC, with trading pairs $KAS/$USD and $KAS/$EUR. This news provided a substantial boost to KAS, as the Kaspa community had been eagerly awaiting a listing on a major exchange.

Source: @krakenpro (X)
Kraken’s announcement, phrased humorously as, “'Wen KAS?' you asked 1,000,000 times,” signals that the community’s persistence has paid off.
What To Expect Ahead?

At the moment, KAS is trading at the $0.14 level, hovering just above a key support level of $0.1374. This support acts as a foundation, and if KAS can maintain its position above it, we could see the price rally towards the next resistance level at $0.18, which represents a potential 27% increase from the current price. The bullish sentiment stemming from the Kraken listing news could drive continued momentum in the short term.

Conclusion:
The Kraken listing has provided a strong boost for Kaspa (KAS), propelling it to new levels as it holds above critical support. With the potential to reach the $0.18 resistance, KAS traders and investors have reasons to be optimistic. However, maintaining momentum will be key in the days leading up to the official listing, so keeping an eye on support and resistance levels is essential. This listing marks a positive milestone for Kaspa, showing the impact of strong community support and growing interest in the project.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Kaspa #KAS

Date: Tue, Nov 12, 2024, 11:11 AM GMT
The cryptocurrency market started today with a surge as Bitcoin (BTC) reached a new all-time high of $89,956. This marks a significant milestone for BTC, as it managed an impressive 25% rally over the past seven days. However, after reaching this peak, BTC has faced a healthy correction and is currently consolidating around the $87,000 range.
As is often the case, BTC’s correction has had a ripple effect on other cryptocurrencies, and many altcoins have seen price pullbacks. Among them, Kaspa (KAS) has experienced a decline of over 10% in the last 24 hours.

Source: Coinmarketcap
Despite this, KAS appears to be finding key support levels, which could set the stage for a potential rebound if market conditions stabilize.
Kaspa (KAS) Finds Key Support
Over the past week, Kaspa (KAS) saw a notable upward trend. Since November 5, the price of KAS climbed from a low of $0.1044 to a peak of $0.1615, marking an impressive 50% rally. This surge was likely driven by growing interest in the project, coupled with the overall bullish sentiment in the crypto market.

However, as KAS approached the $0.16 range, it encountered a rejection. Currently trading at around $0.1387, KAS has found support within the $0.1345 to $0.1405 range. This support level is critical, as it could serve as a base for KAS to consolidate and potentially reverse its recent downtrend.
What to Expect Ahead?
As of now, the entire crypto market, led by Bitcoin, is in a corrective phase. BTC’s price action is often a key driver for altcoins, so KAS’s next move may be influenced by BTC’s performance. If BTC rebounds from the $87,000 mark, it could spark renewed bullish momentum across the market, creating favorable conditions for KAS to recover from its current correction.
For KAS, the immediate support at $0.1345-$0.1405 is crucial. If this level holds, we could see a renewed upward movement, with potential targets around $0.1622 and $0.18. A rise to these levels would represent an upside of over 25% from the current price. Furthermore, a break above $0.18 could lead KAS to challenge its previous highs, but this would depend on continued strength in BTC and broader market sentiment.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Kaspa #KAS