The post Kaspa (KAS) And Maker (MKR) Tokens Hint A 15% Surge Next Week? appeared first on Coinpedia Fintech News
After successfully concluding yesterday on a positive note, the cryptocurrency market has recorded a correction of 0.86% in valuation, with top tokens stuck near their respective crucial support levels. However, mid-cap altcoins have regained momentum by adding significant value.
Top altcoins such as Maker (MKR) and Kaspa (KAS) price have each recorded a surge of over 10% within the past day, indicating a rising interest of investors in these tokens. With the rising volatility in the crypto space, will KAS and MKR price hold their gains or lose momentum next week?
Maker Price Displays Increased Bullish Sentiment:
After trading under a bearish influence since April, the Maker price has regained momentum and added 8.71% to its portfolio with a change of +21.49% in its trading volume. Moreover, the altcoin has added 4.12% over the past week, indicating a rising bullish sentiment for the MKR price.
TradingView: MKR/USDT
The technical indicator, MACD, displays a rising pattern in its green histogram, indicating an increase in the buying pressure for the Maker price in the market. Moreover, the averages show a bullish jump, suggesting the MKR price will continue gaining value this week.
On the other hand, the Simple Moving Average (SMA) has successfully recorded a bullish crossover in its price chart of 1D time frame, suggesting a positive outlook for the Maker crypto in the coming time.
If the market continues to trade under a bullish sentiment, the MKR coin price will retest its resistance level of $2,536 over the upcoming weekend. However, in case of a trend reversal, the Maker crypto price will drop toward its crucial support level of $2,175.
KAS Price On The Verge Of Testing Its Important Resistance Level:
The Kaspa price continues displaying bullish sentiment by adding 11.70% to its portfolio within 24 hours. Moreover, the altcoin has jumped 20.83% within the past seven days and 27.37% over the past month. Notably, it has rewarded its long-term investors with a YTD return of 58.97%.
TradingView: MKR/USDT
The Relative Strength Index (RSI) records a significant uptrend toward its overbought range, highlighting an increase in the price action for the crypto token in the market. Further, the average continues to trade above the mid-point, suggesting a positive outlook for the KAS coin price in the coming time.
With the rising bullish sentiment, the Kaspa price may retest its important resistance level of $0.183 soon. Maintaining the price at that level will set the stage for the Kaspa (KAS) price to head toward its upper resistance level of $0.205 and achieve a new yearly high.
Conversely, if the bears overpowered the bulls, the KAS crypto will lose momentum and drop toward its support level of $0.162. Further, if the bears continue dominating the market, the Kaspa token will plunge toward a low of $0.140.
