gtag('config', 'G-0PFHD683JR');
Crypto News

Spike Kaspa Price: Is it time to buy Kas again?

Kaspa price It has decreased by about 30 % over the past three weeks. This looks rough, but there may be light at the end of the tunnel. New scheme shared “Our conversation is encryption” The X channel indicates that this decrease can be the stage of the apostasy. According to the analyst, some major patterns have been repeated in the past few months, and they are flashing again.

Currently, KASPA is sitting on a $ 0.09 brand, and it has supported after it decreased more than 19 % in the past week only. The same preparation occurred earlier in March, April, and again in early May.

Each time, KAS price wore strongly after that. What we see now is another example of what an “excessive” analyst calls. RSI, or Relative power indexIt is the road less than the average again. Historically, when this type of gap is, it usually leads to recovery and possibly even upscale collapse.

Support, RSI, and ALTCOIN opportunity

Kas has found a strong support of about $ 0.09 and $ 0.08. These levels also coincide with the neck line of the previous dual lower style in April. This style, if it is, may mean that the negative pressure has almost exhausted. The analyst suggests that this is not just random luck. He believes the price movement like this creates reliable opportunities if you know what you are looking for and behaving with the appropriate strategy.

Also read: Can Sui the price of $ 400? The analyst reveals the style of the graph that everyone is watching

According to the collapse, these signals work better for Altcoins with one billion dollars to $ 20 billion. Kaspa is directly fits in that arc. The argument is simple: When the broader market is driven by bitcoin, Altcoins like Kas tends to decrease more strongly but also tends to bounce more strongly. For this reason, many smart merchants apply DCA strategy (average cost in dollar) In moments like this. Instead of selling panic, it slowly accumulates with twice the price, while betting on a recovery in the end.

So, is it time to buy Kaspa again? The answer depends on your risks and the amount of confidence in the technical signals. But the scales alluded to a potential budget, and the KAS price may be created for the next penetration, just as I did several times already this year.

Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.

We recommend etoro

We recommend etoro

Do not invest unless you are ready to lose all the money you invest. This is a highly dangerous investment and you should not expect to protect it if something happens. Take two minutes to learn more

The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.

Smart encryption
How is it Ordinary people achieve the returns of up to 70 % a year without danger? By setting up BOT Pionex Grid for free – click the button to learn more.
Crypting arbitration is still working like magic, if you do it properly! Check the alphador, which leads the encryption arbitration robot to find out the best way to do so.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button