Kaspa (KASUSD) Price Forecast: August 19
KASUSD price might reach a $0.051900 high level soon as the crypto is currently running a bullish race and remains stable at the moment. Likewise, the coin is facing high pressure from the bulls, thus, a sharp breakout and closure above the $0.048000 correction phase might reach a $0.051900 previous high level which will invalidate any bearish thesis.
Key Levels:
Resistance Levels: $0.040000, $0.045000, $0.050000
Support Levels: $0.030000, $0.020000, $0.010000
KAS (USD) Long-term Trend: Bullish (Daily Chart)
The Kaspa market remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-50, indicating an uptrend.
The sustained bullish pressure pushed to a $0.043400 high level in the past few days has made the coin price remain in an uptrend in recent times.
Buyers made an increase to the $0.040400 supply value above the EMA-50 shortly after the daily chart opens today. This indicates that the buy investors are actually dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key levels.
Notably, the KASUSD price is also pointing upwards in the oversold region of the daily stochastic, this suggests that the coin price may likely continue in an upward direction and might reach the $0.051900 high level soon in its higher time frame.
KAS (USD) Medium-term Trend: Bullish (4H Chart)
The KASUSD pair portrays a bullish sentiment in its medium-term perspective. The price is currently recovering and trades above the EMA-9. This is an indication of an uptrend.
Buyers have sustained the crypto market at the $0.039989 supply value in the previous action, this has made it possible for the coin to stay above the trend line in its recent high.
Today, the price of Kaspa jumped up to a $0.040400 supply level slightly above the EMA-9 as the bulls took to their stand in the market.
This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.
Hence, with sustained buying pressure, the coin price might rise steadily above the resistance value at the $0.047100 correction value and set the potential for further growth.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. In light of this, the price of KASUSD might reach the $0.051900 high value in no long time in the medium-term time frame.
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