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Crypto analyst Nebraskangooner discusses the anticipated price movement of Kaspa, highlighting that it is set to challenge a significant resistance level today.
The analyst suggests that KAS might reach a price peak at this resistance due to prevailing market sentiment. Many cryptocurrencies have been experiencing a downtrend, mirroring the price trends of Bitcoin and Ethereum.
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Consequently, the analyst believes this could hinder Kaspa’s ability to surpass the key resistance, potentially marking the price peak at that point.
The analyst notes that if the price manages to break above the resistance, it could follow the outlined scenario on the chart: a breakout, followed by a retest of the broken resistance, and then a surge to above $3. However, this scenario is deemed less probable.
AltFINS’ Kaspa Price Analysis
AltFINS analysis indicates that Kaspa’s price is in an uptrend. The analysis suggests that a bullish breakout above the ascending triangle pattern at $0.2 could trigger a 20% rise to $0.24.
Source: captainaltcoin.com