Bitcoin

Kaspa Price Just Flashed a Major Buy Signal


The Kaspa price has had a solid week with 20% pump and is now negotiated exactly at $ 0.10. This is the highest KAS price in more than 2 months. X has “Kaspa Daily” has updated its price prospects this morning.

Kaspa has been down for months, creating lower ups and lower stockings on the graph. But the last weeks show a strong reversal. The latest green candles are larger, showing that buyers intervene with force. The price went from around $ 0.05 and recently interrupted the resistance area of ​​0.08 and $ 0.09. This breakthrough is important because this area could now support the price if the upward trend continues.

The range from $ 0.05 to $ 0.06 proved to be a solid support area where the price has rebounded. Now that Kaspa has exceeded $ 0.08 to $ 0.09, this area could become the new floor. For the future, the range from 0.12 to $ 0.14 is the next major obstacle. If Momentum continues to build, we could see the prices at $ 0.16 at $ 0.18.

Kaspa prices: the weekly macD signal

The biggest technical sign of the graph is the MacD crossing on the weekly time. The Blue MacD line crossed above the Orange signal line for the first time in months. This is a big problem because weekly signals are much stronger than daily signals. They generally mark more reliable trend changes.

The histogram became green after being red for a long time, confirming the change in dynamics. The MacD line is growing highly upwards from very low levels. This suggests that more purchase pressure could develop if the trend takes place.

It doesn't look like a short -term rebound. He has the marks of a real change of trend, especially since this happens on a weekly graph. The timing lines up with the upgrade of Kaspa crescendo to come on May 5. This upgrade will accelerate the Kaspa network by treating 10 times more blocks per second.

Crypto projects often see the price movement before and after major improvements. Short -term drops at around $ 0.085 to $ 0.09 could offer good entry points. A net break greater than $ 0.12 would probably target $ 0.16 afterwards.

The combination of this technical signal and upgrading of the upcoming network creates an interesting configuration for Kaspa after months of decline.

Read also: how high can Kaspa (Kas) go this bull race? The analyst weighs

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