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Kaspa’s price has risen by 3% today, pushing KAS above the $0.15 mark. Well-known analyst “Dark Horseman” shared a Kaspa chart with their 30k Twitter followers, offering key insights into Kaspa’s technical outlook.
Kaspa Chart Analysis
The price of Kaspa has established a firm base around the $0.15 level, which has proven to be a significant support zone. Instead of falling below this point, the price rebounded, showing strong resilience and resisting further downward pressure. This support level seems to be both a technical and psychological barrier, preventing a potential breakdown.
Although the price has bounced back from the $0.15 support, it is likely to face some key resistance levels ahead. The $0.17050 level is identified as a crucial resistance point that $KAS needs to surpass in order to experience further gains. After the recent rebound, the token may struggle to break through this level, but a successful move above it could indicate the start of stronger bullish momentum.
Beyond the $0.17050 resistance, the chart also points to $0.18378 and $0.19883 as additional resistance levels that could act as barriers during any upward movement. Ultimately, the all-time high (ATH) of $0.20995 remains the ultimate target that $KAS will need to challenge if the bullish trend continues to gain strength.
Read also: This Kaspa Rival Is Positioned To Mirror Solana’s Meteoric Rise
Kaspa: Technical Indicators
The 50-day exponential moving average (50EMA) currently sits slightly above the current trading price, around the $0.16297 level. This indicates that Kaspa will need to climb above this dynamic resistance to gain more bullish momentum and see further upside. The price has interacted with the 50EMA in the past but has not yet convincingly reclaimed this important technical indicator.
Additionally, the volume profile analysis shows that the Volume Point of Control (VP-POC), which represents the price level with the highest trading volume, is also near the $0.16297 mark — the same as the 50EMA. This suggests a significant liquidity zone, and a successful breach of this level could potentially open the door for”
Source: captainaltcoin.com