Kaspa (KASUSD) Price Forecast: February 20
KASUSD‘s emerging bullish pattern signals a $0.165 high mark move will most likely continue as the crypto market remains strong above the supply trend levels at the moment. This momentum may likely continue if buyers should exert more force into the price action in the market and close the daily candle above the $0.170 previous barrier, its anticipated price might be the $0180 resistance threshold, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.163, $0.164, $0.165
Support Levels: $0.089, $0.088, $0.087
KAS (USD) Long-term Trend: Bullish (Daily Chart)
KASUSD turns positive today, as can be seen from the chart below. The coin’s bullish pattern signals a rally above the supply levels in the upper channel of the market and confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The coin has been having a series of moves by the bulls which has made it possible for the bullish pattern to remain firm above the resistance levels in its recent high.
Today’s daily bullish candle at the $0.165 supply value above the moving averages confirms the bulls’ dominance in the market. However, there are bullish signals above the level of $0.163 which indicates a possible further increase in the market value.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for bullish growth, in light of this, the price of Kaspa might hit the $0.180 supply trend mark, as the bullish pattern signals a rally toward the upper resistance levels thus, registering a buy signal and the best crypto signal for coin traders soon in its higher time frame.
KAS (USD) Medium-term Trend: Bullish (4H Chart)
Despite the moves by the short traders, the KASUSD bullish pattern signals a rally to the $0.165 level and remains in an uptrend in its medium-term outlook. The price currently trades above the EMA line, which has confirmed its bullishness.
The crypto has been having a series of higher highs and higher lows which has made it possible for the price to remain stronger in a bullish pattern in its recent high.
The market price of Kaspa at the $0.165 high level above the moving averages shortly after the 4-hour chart opens today, indicates that buyers are having the market price at their disposal at the present.
Additionally, if the coin price could sustain above the pattern supply trend line to revisit the previous high of $0.170 value, the potential recovery could assist buyers to reach the $0.180 upper high level, indicating a growth opportunity of 80% as the bullish pattern continue to rally up in its medium-term view. Thus, a buying time for the coin traders.
Buy Kaspa on Longhornfx
Leave a Reply