Kaspa Price Prediction As Coin Pulls Back from Monthly High. Is a Bounce Coming Today?

Updated: 21 July 2023

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Kaspa (KAS) rebounds from critical support after a slight pullback, showing bullish resilience. Is a potential bounce imminent today?

Our analysis examines key indicators and trends for insights into KAS’s future direction.

KASPA Price is on Third Wave

KASPER. Source. Tradingview.com — KASUSD. Source. Tradingview.com

KASPA (KAS) price has experienced a 256% increase in a three-wave movement, with a potential third wave ahead after a minor setback at the $0.04 resistance level.

The steady upward trend forms a double-bottom pattern, supporting the bulls in increasing prices, and if the resistance level is surpassed, a price surge to $0.07 may be expected.

KAS Price Trades on Parabolic Curve

Kaspa (KASUSD) Source: Tradingview.com — KASUSD. Source: Tradingview.com

The KAS indicator signals strong bullish momentum with support from buyers driving the price up from the support level, following a parabolic curve that suggests a potential surge after breaking through resistance.

KAS is currently trading above both the 50-day and 200-day moving averages, favoring the bulls. The moving averages at $0.017 and $0.024 provide further support for potential upward movements.

The relative strength index trades in the overbought region (70), indicating a sustained surge.

A breach above the resistance level could see the price reach $0.071, while a resilient resistance may pull the price down to the $0.02 support level.

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