KAS Is on an Upward Move after Exceeding Its $0.042 Top Price – August 2, 2023
Kaspa’s price has surpassed its $0.042 top price, achieved on April 2. According to all indications, the bullish momentum will likely continue to the high of $0.046. However, it is unlikely that the current strong momentum will last considering that KAS/USD is getting close to the overbought region of the market.
Kaspa Price Statistics Data:
• Kaspa price now – $0.04283
• Kaspa market cap – $ 855,192,292
• Kaspa circulating supply – 19,956,141,533 KAS
• Kaspa total supply – $ 1,216,986,727
• Kaspa Coinmarketcap ranking – #207
Resistance Levels: $0.035, $0.040, $0.045
Support Levels: $0.030, $0.025, $0.020
Following the price drop on May 23, KAS/USD has been on an uptrend. The cryptocurrency fell to a low of $0.011 before recovering. The crypto’s price broke above the moving average lines, resulting in a succession of higher highs and higher lows. Meanwhile, during the July 23 rally, KAS produced an upward correction, with the candle body testing the 78.6% Fibonacci retracement line.
The correction suggests that KAS would increase but then reverse at the 1.272 Fibonacci extension or $0.046 level.Nonetheless, the current upswing has hit the Relative Strength Index level of 70 for period 14 after exceeding its $0.042 top price. The cryptocurrency asset has entered the market’s overbought zone. This will limit further price movement.
KAS/USD retested and surpassed the previous high of $0.042. The cryptocurrency’s price retested the resistance level, rising to a higher low before proceeding to a proposed high of $0.046. However, KAS is facing an overbought market scenario, which will limit price movement. Nonetheless, an overbought state may not last in a strong trending market. The cryptocurrency will rise its planned peak.
The Wall Street Memes, on the other hand, have a sizable audience rather than being overbought. Investors presently have the chance to buy the token at a reduced price, but they must act quickly because the price will increase after each presale round. Pre-sale proceeds have topped $20 million.
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