Convergence

Stacks

Kaspa

Core

Divergence

The post <a href="https://coinpedia.org/price-analysis/stacks-stx-and-kaspa-kas-record-bullish-reversal-will-they-hold-momentum/" rel="noopener noreferrer nofollow">Stacks (STX) And Kaspa (KAS) Record Bullish Reversal! Will They Hold Momentum?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the 5th US Core CPI (YoY) data releasing at 3.4%, lower than forecast (3.5%) and previous(3.6%), the cryptocurrency market has displayed a strong comeback with the price of <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> recording a jump of approximately 5% post-release.
Following in their footsteps, the altcoins displayed a similar trend by adding significant valuation to their respective portfolios. Positively, the global crypto market capitalization has added 4.82% within the past 5 hours, highlighting a positive sentiment this week.
<h2 class="wp-block-heading" id="h-kaspa-price-successfully-retests-its-support-level">Kaspa Price Successfully Retests Its Support Level:</h2>
Despite recording a correction of approximately 6% over the past week, the KAS crypto has made a strong bullish comeback by adding 9.82% to its portfolio within the past 24 hours.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdOdCFM4vxFn9FePojaidEQaHv-7l7ALmu9_Ytb04e99iVnluXfxWr-WOsW7SucB9p7_-ussGFtgMr97gXU5Ig_2QDRt7zVQy3XjwKjbYyzXPPfND0xfnQTto8SRirBE46lkgpS1Kl56A1o84ejRMza0mdo?key=FOc1PwwyTYbc5GKCDb-bfw" alt="Kaspa Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: KAS/USDT
 </figcaption>
</figure>
With a trading price of $0.17489, a total supply of 23,904,535,391 KAS tokens, and a market cap of $4.155, the Kaspa (KAS) crypto has successfully claimed the 25th spot in the global crypto market list.
The Relative Strength Index (RSI) displays a positive bounce back in the 1D time frame, suggesting a high possibility of a bullish reversal. Moreover, the averages show a high possibility of a bullish convergence, suggesting the price will continue gaining value in the coming time.
If the market holds the <a href="https://markets.coinpedia.org/kaspa/" target="_blank" rel="noopener noreferrer nofollow">Kaspa price</a> above the support level of $0.1620, the bulls will prepare to retest its important resistance level of $0.18375. Conversely, if the bears overpowered the bulls, the KAS price would break down its support level and test its low of $0.14050 this month.
<h2 class="wp-block-heading" id="h-stacks-stx-price-analysis">Stacks (STX) Price Analysis:</h2>
The <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">STX price</a> continues to display a bullish price action by adding 14.52% within the past day and 1.70% over the past week. Furthermore, the altcoin has added 20.20% within the past 30 days and has a YTD return of 61.26%, indicating a bullish outlook for the Stacks price in the coming time.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXex6HlPIDyk9qpSDZ9k2Nn9aBKJnWeXnSzJJcBzptXZYo5LytIryR6wRbhat5Ex0MGGhzOS5RgFpJeezXLV_ISRLvUSAe5_qbaFEdMbuCm8Egb7eoFCN72L2o0EbGh7OiYzRU590ISn0EBCJtLZIzaGarw7?key=FOc1PwwyTYbc5GKCDb-bfw" alt="Stacks Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: STX/USDT
 </figcaption>
</figure>
The technical indicator, SMA, displays a positive crossover in the 1D time frame, indicating a rising interest of investors in this altcoin.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram, indicating increased price action for the altcoin in the crypto market. Furthermore, the averages show a bullish jump in the price chart, suggesting a positive outlook for the STX coin price.
If the bulls regain momentum, the <a href="https://markets.coinpedia.org/stacks/" target="_blank" rel="noopener noreferrer nofollow">Stacks price</a> will prepare to test its upper resistance level of $3.140 this month. However, in case of a breakdown, the STX crypto will plunge and test its lower support level of $1.675 in the coming time.

Stacks (STX) And Kaspa (KAS) Record Bullish Reversal! Will They Hold Momentum?

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