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.



Other News from Today