The price of the new layer-1 blockchain Kaspa (KAS) is currently showing its bullish side, rising 17 percent in value.
Community-focused decentralized layer-1 blockchain Kaspa (KAS) has successfully bucked the consolidation in the crypto market in recent weeks.
In the last seven trading days, the KAS share price increased in value by 30 percent. In the last 24 hours, Kaspa also rose by 17 percent towards the north despite the price setback of Bitcoin (BTC).
As a result, the fully scalable ecosystem built on a proof-of-work consensus mechanism successfully eluded overall market weakness, rising to a new all-time high today, Tuesday, March 28.
At $0.022, the KAS share price is currently trading not far from its next relevant resistance area at $0.024.
If Kaspa manages to break out above this resist in the coming trading days, a subsequent rise towards the next resistance area around 0.030 US dollar is to be planned.
Should this resistance area around the 461 Fibonacci extension also be overcome in perspective, the maximum price target at 0.035 US dollars will come into the focus of investors.
If, on the other hand, there is increased profit-taking, a retest of the last breakout zone around 0.018 US dollars is conceivable.
