KASPA (KAS) has risen more than 8 % in the past 24 hours, and has paid through a $ 0.10 barrier and a renewed bullish momentum signal.
After weeks of monotheism, the price is now decisively on both EMA for 21 days (0.0885 dollars) and 50 days SMA ($ 0.0781) to support, a book mark on the continuation of the direction. With Kas currently trading at $ 0.1023, all attention is whether to test and penetrate the highest local level in April about $ 0.11.
The KASPA daily chart draws a bullish image. RSI holds in 64.6, below the peak area, leaving an area to continue.
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The oscillating of the stochastic over 78, which enhances the benefit of purchase in the short term. Meanwhile, the MACD chart is heading up, with a medium gap between signal lines and Macd lines – a sign that the upscale momentum is accelerating. The SuperRend Index has been in the purchase mode since late April, which increases the validity of the upward trend.
The last decrease was confirmed to $ 0.088 as a higher low, which is a clean bullish structure with a decrease in the previous swing at $ 0.072. If buyers can recover $ 0.11, then the following logical goal is $ 0.127-Middle point between the highest levels of April and long-term resistance at $ 0.15. Catending 21 EMA now works as a dynamic support, a slight decline and provides a launching platform for more upward trend.
Kaspa supports technical power
KASPA’s bullish preparation is not only related to price movement-as basic architecture provides a convincing argument for long-term feasibility.
Building on Blockdag (the real orientation) instead of the traditional linear Blockchain, KASPA allows the creation of a parallel block, which greatly increases the productivity of transactions without sacrificing security or decentralization. This solves one of the largest restrictions for old prisoners’ chains like Bitcoin: expansion. Unlike Rollups or Sidechains, KASPA is already achieved these speeds in the basic layer.
If KASPA regains $ 0.11 and flips it to support it, it opens the door to move to $ 0.127, and perhaps towards the range of 0.15 to $ 0.20 in mid -2014. With the rise of the 1 -layer competition, the Kaspa Mix may give it the ability to expand, decentralization and technical purity is an advantage that price plans cannot capture alone.
