the KAS asset still shows bearishness
The daily chart for the Kaspa price showed a striking price structure, with a fierce battle between bulls and bears. In the first week of November 2023, the price favored the bulls and rose from the demand zone at $0.050 to reach $0.190 by February 20th, breaking the $0.100 and $0.150 resistance levels in the process.
However, the Kaspa crypto began to deteriorate after hitting the top supply zone, with the price plummeting from a crucial level of around $0.190 on February 21st, 2024.
Following the declining trendline, the KAS crypto exhibited a severe plunge after touching the resistance supply level and fell to lower levels.
Similarly, even after a significant decline, the KAS asset still shows bearishness and falling capacity as it slides below the significant trend in the 20-day and 50-day EMA bands. If sellers continue to surge, the drastic decline could extend to even deeper levels.
The KAS asset is revealing bearish signs and may sink even lower, with negative price performance recorded in previous weeks and months at -3.80% and -18.07%, respectively, indicating a steady downward trend.
Currently, the price is trading at $0.11244, with an intraday decline of -3.42%. Therefore, if the price breaks the immediate critical support level of $0.10, it is likely to reach even lower depths. However, if the price recovers and breaks the trend line, the above targets for the KAS price would be $0.150 and $0.190.
However, the Kaspa crypto began to deteriorate after hitting the top supply zone, with the price plummeting from a crucial level of around $0.190 on February 21st, 2024.
Following the declining trendline, the KAS crypto exhibited a severe plunge after touching the resistance supply level and fell to lower levels.
Similarly, even after a significant decline, the KAS asset still shows bearishness and falling capacity as it slides below the significant trend in the 20-day and 50-day EMA bands. If sellers continue to surge, the drastic decline could extend to even deeper levels.
The KAS asset is revealing bearish signs and may sink even lower, with negative price performance recorded in previous weeks and months at -3.80% and -18.07%, respectively, indicating a steady downward trend.
Currently, the price is trading at $0.11244, with an intraday decline of -3.42%. Therefore, if the price breaks the immediate critical support level of $0.10, it is likely to reach even lower depths. However, if the price recovers and breaks the trend line, the above targets for the KAS price would be $0.150 and $0.190.
Penafian
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