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Crypto analyst MollyProduction shared on X (formerly Twitter) that Kaspa’s (KAS) price is currently in its accumulation phase, with a possible dip to $0.10 before a much-anticipated bull run could begin.
Kaspa (KAS) is at a pivotal point, with its price hovering around $0.11, indicating potential for an upward move.
With a market cap of $2.8 billion and a trading volume of $50 million, Kaspa is drawing attention for its growth potential as it nears key price levels.
Kaspa Chart Analysis: Key Support Level at $0.10
The chart shows that $0.10 is a critical support level, with MollyProduction suggesting this zone could act as a launchpad for a potential rally. The analyst notes that if Kaspa drops to this level, it may trigger a bullish trend, as many investors could see it as an attractive entry point.
From this point, the next move could result in a rapid price increase, potentially pushing Kaspa’s price into the $0.125 to $0.14 range, signaling strong buying momentum.
This $0.10 level could serve as a foundation for future price action, making it a key area for traders to watch. If maintained, this support level could act as a springboard for further gains in the coming weeks.
Target Ranges and High-Volume Zone
After reaching the $0.125-$0.14 target, KAS is expected to face resistance around the $0.17 level, which is labeled as a “High-Volume Zone” on the chart. This area represents a point where large-scale buying or selling activity may occur, potentially causing the price to stall as it encounters buying or selling walls from larger market participants.
As MollyProduction points out, such zones often create temporary resistance or support, allowing traders to evaluate market conditions before making further moves. This stage may lead to consolidation before a decisive breakout occurs.
Path to a New All-Time High (ATH)
Kaspa’s current ATH is $0.207, and both the chart and tweet suggest the possibility of a new ATH during the “Public Participation Phase.” This phase typically sees increased”
Source: captainaltcoin.com