Kasp price gets momentum after showing early signs that a recurrence may be in the works. Two different technical settings suggest that momentum can finally move. The views shared by the leading analysts highlight the Crypto Haque and Defi Decoder on X (formerly Twitter) to highlight how the market structure changes. Both analysts argue that Kasha's breakout is supported by strong volume and a solid defense of the major support zones. However, entrepreneurs are watching how Kaspa administers the next major opposition ahead.
According to Crypto Haque, Kas Price has only been damaged in a falling wedge pattern with a strong volume behind the move. The falling wedge, which appears in lower timeframes, is often seen as a reversal signal of bullish. Prior to the breakout, Kashpa was under a chronic downtrend, which produces lower highs and lower lows since it sank nearly $ 0.25.
Today, the price is now destroying the upper wedge resistance line, crossing the past $ 0.095 and close to $ 0.10. Breakout is also included in a noticeable flow to the amount of trade, which usually shows the movement speed. Support for KAPPA holds strong between $ 0.050 and $ 0.070, a place where consumers are repeatedly entered. As for what next, the price of Kasp faces immediate resistance around $ 0.10 to $ 0.105, with larger barriers waiting $ 0.13, $ 0.15, and $ 0.20.
Price Price weekly structure signs a potential Macro shift
Defi Decoder shares a broader perspective based on the weekly time. According to the review, KASPA has formed a strong bottom around $ 0.05 to $ 0.055 range. This area, once a resistance during the 2023 breakout, serves as a stable support after many successful trials.
The weekly structure suggests a growing bullish momentum as the price of KASPA is pushing towards $ 0.10. Destruction and closure above this threshold can signal a structure of the structural shift. History resistance levels beyond $ 0.10 include $ 0.13, $ 0.15, and the range between $ 0.18 and $ 0.20, marked the earlier high rallies of KAPPA in 2023.
Traders are watching the influence of Bitcoin
Both resources emphasized the potential influence of bitcoin price action on Kash's next moves. Defi Decoder noted that Bitcoin's prolonged strength will help drop the price of Kasp by resistance of $ 0.10. Crypto Haque's commentary also reflects trust in Kaspa's utility and prospects.
The current perspective for KASPA remains centered around if the owner can maintain momentum and confirm a higher timeframe breakout. Entrepreneurs and investors continue to monitor the supports and resistance of zones for further validation.
Moreover, technical Patterns suggest that KAS price may enter an early return Phase after a prolonged period of correction. With strong support levels and purchase of interest rising, the focus is now changing the $ 0.10 zone immunity. The continued growth of the volume and greater market strength is likely to play a decisive role in Kaspa's short-term and mid-term trajectory.
Also read: Should you bet $ 1,000 in the Toncoin (TON) token today? Here's what charts say
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