CandleFocus Kaspa’s (KAS) 28% Drop Sparks Fears of a Deeper Downtrend
2024-11-04
Author: Content Editor
The cryptocurrency Kaspa (KAS) has experienced a 28% decrease in value over the past month, currently trading at $0.108. A technical analysis suggests that the formation of a death cross on October 22 indicates a bearish trend, with recent price declines outweighing long-term gains. Other indicators, such as the moving average convergence/divergence (MACD) indicator, also point to a weakening trend and potential further selling pressure. The current support level for KAS is $0.104, and a decline below this could result in a drop to $0.076. However, if market sentiment shifts from bearish to bullish, the support level could hold, potentially pushing the coin to $0.16.
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