Over the past six days, #Kaspa's price has exhibited a consistent upward trajectory, marked by an impressive 18.50% surge.
The daily chart reveals a clear fluctuation pattern within a downward-sloping parallel channel, showing significant movement between its upper and lower bounds.
However, yesterday, $KAS breached the channel momentarily but failed to sustain the momentum, resulting in a significant fall and the formation of a Long Doji candle.
Technically, $KAS price has found support at the 50 and 200-day Exponential Moving Averages (EMA), suggesting a favorable outlook for future trends.
Presently, the price encounters resistance around the 100-day EMA, posing challenges to surpass it.
A potential breakout from the channel could propel a increase in the Kaspa price, potentially reaching $0.20.
As per Coingabbar analysis, Conversely, if the price fails to breach the channel, it's likely to remain within the consolidation range, possibly revisiting support levels in the short term.
KEY LEVELS :
RESISTANCE LEVEL : $0.15000000-$0.20000000
SUPPORT LEVEL : $0.10000000-$0.07500000
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