Markets

Kaspa price is increasingly promising as several indicators turn bullish


The price of Kaspa (whether) shows strong signs of a possible trend in turning as it breaks out of the formation of a falling wedge. This type of pattern is often considered a bull, especially when it is followed by convincing metrics. Has restored the 0.10 -Dollaris level and trades about $ 0.103 during the analysis. The level has been tested several times, weakening its resistance.

Many of the main impulsive figures also move towards the bullish territory, which indicates that Kaspa could be prepared for a bigger move in the coming weeks. Crypto ₿ull God is announced in X posts X.

Pulse indicators turn up

One of the signals of the analyst chart is the breakthrough of the descending RS trend line. RSI has moved for months during the downward trend, but it eventually pierced its obstacle line. This step took place while RSI was still sitting significantly under 70 excess thresholds, leaving a lot of space to move upwards. Setup of this type often indicates a stronger rise from the beginning.

Cryptoobullos / x

Cryptobullos pointed out that Stochastic RSI has also gone out of its downward trend. This Crossover hints at the rise and responds well to what we see in RSI and Price Action. The fact that both indicators are changing at the same time makes this signal more reliable.

Macd warms for the bullish cross

Another cryptobullos highlighted key element is MACD indicatorTo. Although it has not yet finished Bullish Crossover, it is very close. The MACD line rises towards the signal line and both are still down from scratch. If the cross version is above that level, it would confirm the strong bullish momentum. But even here, the setting seems favorable, especially since such a step from scratch often leads to important potential.

Read also: Avalanche (Avax) Price finds ALT: Is the following Bullish point? The main targets appeared

All of these developments create a technically strong setup either. The price has room to run, the indicators slide the bullish and the volume profile supports the breakthrough. If Kaspa holds more than $ 0.10 and is based on this impulse, the next major obstacle near $ 0.19 could be played in the near future.

Follow us on X (Twitter)To do, Coinmarketcap and Binance Square For everyday crypto innovations.
Read our recent cryptocurrency updates, news and technical analysis here.

We recommend Etorot

We recommend Etorot

Do not invest if you are willing to lose all the money you invest. This is a high -risk investment and you should not expect you to be protected if something goes wrong. Take 2 minutes to get more information

Active user communities and social functions such as news flow, conversations for specific coins available for trading.
A wide selection of assets: cryptocurrency along with other investment products, such as stocks and ETFs.
Copying: Allows users to copy free traders' transactions for free.
User -friendly: ETORO's web -based platform and mobile application are user -friendly and easy to navigate.

intelligent crypto
How is it Regular people earn as much as 70% without risks a year? Set up a proper free Pionex Grid Bot – Click the button for more information.
Crypto arbitration still works like a charm if you do it right! See Alphador by leading Crypto Arbitrage Bot to learn the best way.

Related Articles

Leave a Reply

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

Back to top button

Adblocker Detected

Please consider supporting us by disabling your ad blocker