📈 Analysis and Prediction (KAS and BCH):

🖖 #KAS/USDT - The price of Kaspa has been consistently declining since mid-February. A barrage of red candles led to an overall correction of 32%. This development was particularly noteworthy as the entire cryptocurrency market was rising while #KAS maintained a downward trend. As a result, KAS holders became disheartened, evidenced by a sharp drop in open interest. Open interest represents the total number of outstanding contracts for various derivatives, such as options and futures. Over the past week, open interest has dropped by approximately 31.5%, from $57 million to $39 million, reflecting a recent decline in investor interest. Forecast: Kaspa, trading around $0.12 at the time of writing, has already lost support from the 50- and 100-day exponential moving averages (EMA). The token is approaching the support line at $0.11 and risks falling to $0.10, signaling another 21% correction. It is at this point that KAS should find stronger support from the 200-day EMA, providing a soft landing. However, there is a possibility that the price may change trajectory and move upwards. This is because KAS has a negative correlation (-0.40) with Bitcoin. Therefore, it may mostly follow a direction opposite to that of BTC's course. Considering that the price of Bitcoin is currently declining, Kaspa has the potential to rise on the daily chart and recover above the 50- and 100-day EMAs, turning them back into support levels. If successful, and KAS turns resistance at $0.14 into support, the bearish scenario will be nullified.

😂 #BCH/USDT - Forecast: Bitcoin Cash may encounter difficulties in attempting to rise, but market conditions indicate that #BCH is poised for a recovery. The $344 mark serves as the next major support line, coinciding with the 100-day exponential moving average (EMA). If the aforementioned conditions indeed favor price action, the token could rebound from $344 and return to $501, breaking through the $400 mark, coinciding with the 50-day EMA. This would stabilize the correction.

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