Lokesh Gupta
22-05-2024
On February 20, the #Kaspa token reached a fresh all-time high, peaking near $0.19, but subsequently experienced a retracement.
Despite facing the bearish trend, Kaspa's price has consistently upheld support above $0.10.
#Kaspa ($KAS) formed a week-long zigzag pattern, breaking above the key resistance at $0.1350 today but quickly retraced below it.
On the daily chart, $KAS displays Three White Soldiers, indicating a sustained bullish trend.
On the daily chart, KAS broke the descending trendline and is maintaining its position above it.
As per Coingabbar analysis, If Kaspa's price exceeds the $0.15 resistance level this month, it could potentially trigger a rally towards the $0.20 mark.
Bullish outlook relies on Kaspa surpassing $0.14 resistance. Failure may lead to retreat to $0.10 support, potentially extending downward trend.
KEY LEVELS :
RESISTANCE LEVEL : $0.160000-$0.200000
SUPPORT LEVEL : $0.100000-$0.055000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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