Kaspa

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Resistance

<p><a href="https://captainaltcoin.com/heres-why-whales-are-manipulating-kaspa-kas-price/" target="_blank" rel="noopener noreferrer nofollow">Kaspa (KAS)</a> has experienced a sharp 45% drop from its all-time high (ATH), sparking speculation about a potential rebound soon.&nbsp;</p>
<p>Crypto analyst King Crypto provided insights on the dip, expressing confidence in Kaspa’s recovery potential despite the downturn.&nbsp;</p>
<p>King Crypto’s message, along with the latest technical chart analysis, hints that while the asset has faced significant challenges, growing buyer interest at lower levels could signal a possible reversal.</p>
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<h2 class="wp-block-heading" id="kaspa-kas-technical-analysis-downtrend-signals-potential-bottom">Kaspa (KAS) Technical Analysis: Downtrend Signals Potential Bottom&nbsp;</h2>
<p>The price has fallen below several support levels and to a point far lower than its ATH, indicating a persistent downward trend on the<a href="https://captainaltcoin.com/how-kaspa-kas-could-reach-the-top-10-in-crypto/" target="_blank" rel="noopener noreferrer nofollow"> Kaspa </a>chart. The 20-day and 50-day moving averages (MA) show a negative trend, according to King Crypto, with the shorter-term 20 MA presently below the 50 MA.</p>
<p>This alignment usually signals continued selling pressure. However, recent price action hints at a possible bottoming pattern, showing that the asset may be finding a solid support level where buyers are willing to step in.</p>
<p>King Crypto’s tweet aligns with this sentiment, describing “max bidding” at the bottom level. This term suggests heightened buying interest at these prices, possibly laying the foundation for a price rebound. Even though the chart shows bearish momentum, this accumulation phase could be the asset’s turning point.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="670" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-1024x670.png" alt="" class="wp-image-575959" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-1024x670.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-300x196.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-767x502.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-1536x1005.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-2048x1340.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-229x150.png 229w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-535x350.png 535w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259-788x515.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1259.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/__kingcrypto__/status/1851961878093668536" target="_blank" rel="noopener noreferrer nofollow">X/KingCrypto</a></em></strong>
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<p>In addition, the Moving Average Convergence Divergence (MACD) indicator indicates bearish momentum as well; nevertheless, a crossing or upward change in the MACD may indicate a possible trend reversal, bolstering this view.</p>
<h2 class="wp-block-heading" id="key-support-and-resistance-levels">Key Support and Resistance Levels</h2>
<p>Technical analysis shows that Kaspa’s price is trading near a crucial support zone, marked as the “Bottom” level on the chart. This support is seen as a critical area for buyer interest, with a possible reversal forming if buying pressure is sustained.&nbsp;</p>
<p>Should Kaspa’s price bounce from this level, it will face Resistance 1 ($0.116) as its initial hurdle. A breakout above this level could signal renewed bullish momentum, potentially shifting market sentiment.</p>
<p>Further up lies Resistance 2 ($0.1298), a stronger resistance level that may pose additional challenges for Kaspa’s upward journey. King Crypto agrees that breaking this higher resistance could pave the way for a longer-term uptrend, provided buying interest continues to support these levels.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-solana-pattern-could-mean-sol-price-rally-to-350/" target="_blank" rel="noopener noreferrer nofollow">This Solana Pattern Could Mean SOL Price Rally to $350</a></em></strong></p>
<h2 class="wp-block-heading" id="analysts-remain-optimistic-about-alt-season-s-impact">Analysts Remain Optimistic About Alt Season’s Impact</h2>
<p>King Crypto’s tweet points to an anticipated “alt season,” suggesting broader market trends may favor assets like Kaspa. Alt seasons typically see a shift in capital into smaller cryptocurrencies, driving up demand and potentially sparking price rallies.&nbsp;</p>
<p>This optimistic outlook, combined with current technical levels and buying interest at the bottom, fuels hope among investors that <a href="https://coinmarketcap.com/currencies/kaspa/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s price</a> may soon see a recovery. However, sustained buying pressure and a breakthrough of resistance levels will be necessary to confirm a strong rebound.</p>
<p>With its price nearing a crucial support zone and analysts indicating a possible reversal, Kaspa (KAS) could be primed for an explosive rebound if broader market conditions align with these technical indicators.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-kas-price-plunges-analysts-predict-explosive-rebound-soon/" rel="noopener noreferrer nofollow">Kaspa (KAS) Price Plunges – Analysts Predict Explosive Rebound Soon!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa (KAS) Price Plunges – Analysts Predict Explosive Rebound Soon!

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