The price of Kaspa (KAS) on the edge of the abyss! Slow bleeding to $ 0.07: Can this main promotion save it or will it understand more?
Kaspa faces strong pressure for sale, as the price fell more than 12 % last day. When writing, Kas Price sits at $ 0.07289, with a decrease in trading volume by 22 %, indicating a decrease in market activity. This landmark raised concerns among merchants as the price approaches the main support level of $ 0.07. Meanwhile, the upgrade of the upcoming KASPA network (TN10) has sparked discussions about its potential impact on the market.
KASPA faces the main support test with increased pressure pressure
The Kas scheme on the 4H time frame shows a continuous decline since early February. The price failed to recover above $ 0.10, which was the previously strong resistance. With a 9 -day average Si -action (EMA) located above the current price, hoopy feelings dominate the market.
Crypto Titan analyst pointed to concerns about the last $ 0.07 test. The last time Kaspa hit this point the price, witnessed an immediate recovery. However, the current decline was gradually, which increased the possibility of a breakdown. According to the analysis, a breach can be sent less than $ 0.07, KASPA price, to the next main support at $ 0.05.
TN10 upgrade set to enhance Kaspa treatment speed
While the prices are struggling, the TN10 upgrade can be changed from the network’s scene. The Elite Crypto Proselyte analyst has revealed that the solid solid fork, scheduled for March 4, 2025, will increase the speed of the KASPA block to 10 lumps per second, making it faster 10 times than the current treatment rate. This update aims to improve expansion, as developers work to improve efficiency.
The KASPA team consults society to finish the touches on the date of the upgrade, taking into account March 6 or March 8, 2025, for the full flow. This decision is necessary for knot operators who need to update their systems accordingly.
Also read: Why the encryption market: BTC, XRP, Sol and more under pressure
The distribution of mining bonuses in Binance can affect market morale
In addition to anticipating the market, Binance will distribute KASPA mining bonuses on March 6. The alignment of this event can attract TN10 to upgrade more attention to the network. However, the market response remains unconfirmed because merchants weigh the impact of the basic improvements against the current downward conditions.
Market participants are watching now Whether the Kas price can get $ 0.07 Or follow up on a decrease of about $ 0.05. The distribution of upgrade and mining in Binance can provide a catalyst that affects the need, but at the present time, the declining feeling is still strong.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
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.
