Kaspa

Long

Next Cardano

Resistance

Rise

<p>With Kaspa not showing much action in the just-concluded four-week rally in the crypto market, what can we expect next? What are the chances or conditions for an upside?</p>
<p>5DayCrypto emphasizes Kaspa’s unique position as a proof-of-work cryptocurrency that addresses Bitcoin’s scalability challenges through its blockDAG architecture. This innovative approach enables faster transaction processing and improved network throughput, setting it apart in the cryptocurrency landscape.</p>
<h2 class="wp-block-heading" id="kaspa-technical-price-analysis">Kaspa Technical Price Analysis</h2>
<p>According to the analysis, Fibonacci retracement levels serve as crucial indicators for <a href="https://captainaltcoin.com/heres-why-kaspa-kas-price-could-surge-50x/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s price trajectory</a>. The channel identifies $0.15 as a significant support level at the 0.618 Fibonacci mark.</p>
<p>The analysis suggests that maintaining this support could propel KAS toward the 1.618 <a href="https://www.babypips.com/learn/forex/fibonacci-extensions" target="_blank" rel="noopener noreferrer nofollow">Fibonacci extension</a>, targeting approximately $0.30.</p>
<p>The analyst observes favorable market conditions for Kaspa, noting growing interest in scalable proof-of-work solutions. The broader crypto market recovery potentially positions Kaspa for substantial growth, with investor sentiment and adoption rates playing pivotal roles in price movement.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/top-analysts-warn-of-next-cardano-ada-price-move-as-crypto-all-stars-prepares-for-launch/" target="_blank" rel="noopener noreferrer nofollow">Top Analysts Warn of Next Cardano (ADA) Price Move as Crypto All-Stars Prepares for Launch</a></em></strong></p>
<h2 class="wp-block-heading" id="future-price-projections">Future Price Projections</h2>
<p>Near-term analysis indicates $0.20 as a key resistance level, with $0.30 emerging as the next significant target. The long-term outlook appears more ambitious, with projections ranging from $0.50 to $1.00, contingent on market conditions and continued project development.</p>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Kaspa Crypto: How High Could the Price Go? 🚀 KAS Analysis &amp; Fibonacci Predictions! #kaspa" width="840" height="473" src="https://www.youtube.com/embed/k3uxO6cBvB0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<p>While Kaspa’s technological foundation shows promise in addressing proof-of-work scalability, the analyst emphasizes the importance of Fibonacci analysis in identifying potential price targets. However, success ultimately depends on market dynamics and project execution.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/how-high-could-kaspa-kas-price-rise-in-the-long-term-key-support-and-resistance-levels-identified/" rel="noopener noreferrer nofollow">How High Could Kaspa (KAS) Price Rise in the Long Term? Key Support and Resistance Levels Identified</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How High Could Kaspa (KAS) Price Rise in the Long Term? Key Support and Resistance Levels Identified

Table of Contents

CaptainAltcoin

Other articles published on Dec 11, 2024

WisdomTree Registers in Delaware for XRP ETF

Dogecoin Bulls Have Started Acquiring Holdings in Sui And This New Meme Coin Catching Fire

Can Solana (SOL) Lead This New Market Rebound?

Crypto travel platform Travala introduces Bitcoin reserve plan

Chiliz (CHZ) Forms New Partnership to Advance Fan Token Market

Alabama should establish Bitcoin reserve, says state auditor

Join our free newsletter for daily crypto updates!