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.
Possible top here judging by how the rest of the market has been.
If it somehow breaks resistance it can follow the plotted breakout scenario but that seems less likely in current market conditions. pic.twitter.com/yggQ1w4C4v
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.
Kaspa (KAS) has achieved a notable feat by reaching a new all-time high. The asset hit a peak of nearly 21 cents before it saw a minor pullback.
According to a YouTube video by Crypto Zx, this surge comes given the broader market’s downturn triggered by Bitcoin’s price dip.
Despite the market turbulence, Kaspa has been resilient. The crypto posted a 3% gain over the past day, while many other assets struggled. On a weekly scale, KAS has surged by 14.1%, outperforming most of its peers.
Kaspa Price Analysis
Crypto Zx notes that Kaspa’s performance has put it in “price discovery mode,” making precise predictions challenging. However, the asset’s chart shows a clear pattern of highs and lows, indicating a strong upward trend.
The crypto’s support levels have remained solid despite the market shake-up. Notably, Kaspa’s trading volume has reached around $161.5 million in the past day.
Moreover, this volume is particularly notable considering that KAS is not yet listed on major centralized exchanges. The high trading activity suggests growing investor interest and confidence in the project.
Next Big Airdrop?
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While Kaspa has shown strength, its price movement still correlates with Bitcoin’s performance. The recent 10% drop in Bitcoin’s value affected the broader crypto market, including Kaspa. However, KAS managed to recover quickly, demonstrating its resilience.
Crypto analyst Crypto ZX emphasized the importance of monitoring
As of late July, it remains unlikely that cryptocurrencies such as Kaspa and Dogecoin will amass 100-1000x returns as the bull run nears ever-closer. In contrast, new cryptocurrency Rollblock offers an excellent opportunity for investors seeking life-changing gains this cycle.
With its revenue-sharing incentives, engaged user base, and seamless accessibility, Rollblock is poised to become the next major play-to-earn DeFi gaming sensation and 100x case study this year.
Kaspa Demonstrates Strong Potential In July
Kaspa has emerged in 2024 as one of the most promising cryptos in the world. Sporting unparalleled blockDAG technology and a lucrative PoW consensus, Kaspa is set for moderate returns of around 20-50x in 2025.
Up almost 10% in seven days, Kaspa has soared in light of renewed bullish momentum. However, some crypto analysts are weary of a possible short-term correction for Kaspa, given Kaspa’s 5% surge in July. Despite this, Kaspa remains one of the most promising cryptos to invest in today alongside play-to-earn gem Rollblock, with some estimates exceeding 50x.
Dogecoin Suffers From Small Dip Though Long-Term Prospects Remain Promising
Dogecoin is crypto’s most notorious and iconic memecoin, netting investors millions in profits over the years. While Dogecoin has seldom experienced its most lucrative year, Dogecoin’s prospects remain high as the bull run approaches.
As Dogecoin undergoes a minor 4% correction this week, it remains to be seen whether Dogecoin’s bearish momentum will continue. This is unlikely, however, given that the overall market has swung green. Some crypto analysts are predicting an imminent surge for Dogecoin, rendering Dogecoin a viable buying opportunity today.
Rollblock Is Set To Explode In Value This Bull Run
Rollblock introduces an innovative Play-to-Earn GambleFi token that seamlessly combines the benefits of centralized and decentralized gaming, appealing to a wide range of users.
A notable feature of Rollblock is that the platform doesn’t require KYC for casino access, demonstrating its commitment to preserving its users’ anonymity. This approach protects user data while also lowering entry barriers, encouraging more users to join.
Additionally, Rollblock engages with its community through user polls. These gather valuable feedback on what users want most for the platform. This feedback is important in implementing new features, such as the recent supplementation of sports betting, which allows users to wager on popular sports like soccer, tennis, and golf.
On top of this, Rollblock features a revenue-sharing model that allocates up to 30% of casino revenue to token buybacks and staking rewards. This dissuades RBLK holders from selling their tokens, a contributing factor to RBLK’s stark lack of price volatility.
With a current presale price of $0.0175 during stage 4 of the platform’s immensely successful presale stage, analysts predict Rollblock could achieve a 100x increase in value in the coming weeks, offering initial investors potential eye-watering returns.
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
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Kaspa (KAS) has broken out, reaching $0.204-$0.205 on some exchanges. This is noted by Crypto MindSet’s YouTube analysis where they emphasize the importance of the daily candle body closing above key levels at $0.195 and $0.202.
Notably, Crypto MindSet suggests Kaspa could see substantial gains if the breakout is confirmed with strong volume. Besides, this breakout point is crucial, as it represents the area where liquidity and sellers are concentrated.
The video highlights various critical levels with a recent focus on $0.194-$0.195. If Kaspa breaks above these points, it could trigger a short squeeze, forcing short sellers to cover their positions and potentially driving the price higher.
According to Crypto MindSet, a confirmed breakout could see Kaspa moving to $0.21 or $0.22, with a possibility of reaching $0.40 soon.
The analyst notes that volume analysis is essential for confirming breakouts, but it is challenging without the daily candle print. Real-time candle analysis helps predict short-term movements and potential melt-ups.
High volume is crucial to validate the breakout and sustain upward momentum. The host emphasizes, “Kaspa is breaking out, reaching $0.204-$0.205 on some exchanges. This is major. If Kaspa prints higher, we should get a melt-up and a big short squeeze.”
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
The cryptocurrency market is no stranger to rapid shifts and evolving trends. Investors are moving away from established cryptocurrencies like Kaspa ($KAS) and Ripple ($XRP) in favor of Pepe Unchained, a new lucrative meme coin. This article delves into the reasons behind this shift and explores Pepe Unchained. Stay with us to check what causes these trends.
Why do investors shift to Pepe Unchained over $KAS and $XRP?
Investors are increasingly turning to Pepe Unchained instead of $KAS and $XRP for several compelling reasons:
Innovative technology
Pepe Unchained utilizes advanced Layer 2 blockchain technology, ensuring faster and cheaper transactions than traditional Layer 1 blockchain. This technological edge makes Pepe Unchained more attractive to investors seeking efficiency and scalability.
High staking rewards
Pepe Unchained offers impressive staking rewards with an annual percentage yield (APY) of 304%. This high yield provides a lucrative passive income opportunity, drawing investors looking for better ROI.
Strong community support
Pepe Unchained has quickly built a dedicated and active community. This strong support base is crucial for the long-term success of any cryptocurrency. The enthusiastic community around Pepe Unchained helps drive adoption and maintain investor interest.
Early investment opportunities
As Pepe Unchained presale is still in its early stages, it presents significant growth potential. Analysts think this project could outperform Pepe Coin and other top meme coins in 2024. Investors are keen to get in early to maximize their returns as this lucrative meme coin develops and gains more traction in the market.
A recent YouTube video by 2Bit Crypto delves into the recent activities surrounding Kaspa and the factors contributing to its rising price. The crypto analyst also shared some price predictions.
The video outlines several reasons why crypto investors should be optimistic about Kaspa, anticipating that its price will soon reach an all-time high.
Despite the market cooling off due to the Bitcoin 2024 conference, Kaspa has shown resilience, evidenced by a significant green candle on the chart.
Next Big Airdrop?
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
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Factors Contributing to Growth
Several factors have contributed to Kaspa’s price increase, such as its enhanced mining capabilities. Marathon Digital (MARA) is mining Kaspa, indicating strong institutional interest.
The Kaspa network’s hash rate is approaching 600 petahash, suggesting growing support and security. Enhanced network security, miner confidence, and greater decentralization are crucial for scalability.
