Kaspa (KASUSD) Price Forecast: February 21
The Kaspa (KASPAUSD) buying time is now as the cryptocurrency is currently running a bullish race facing high pressure from the bulls. The crypto can swing up further and test the supply level of $0.169. Should the bulls increase their pressure, the resistance level of $0.168 may not hold and it may extend to a $0.180 high level and beyond, resulting in a buying opportunity and the best crypto signal for the coin investors.
Key Levels:
Resistance Levels: $0.166, $0.167, $0.168
Support Levels: $0.099, $0.098, $0.097
KAS (USD) Long-term Trend: Bullish (Daily Chart)
The KASUSD buying time is now as it stays strongly above the resistance level in the long-term perspective. The price is currently recovering and trades above the EMA-50 approaching the overhead resistance. This is an indication of an uptrend.
The sustained bullish pressure to a $0.169 high level in the past few days has made the coin price remain in an uptrend in recent times.
Today, the bulls made an upward move to the $0.168 high value above the moving average lines as the daily chart opens; this suggests a buying time for the coin traders.
The KASPAUSD price looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the $0.169 previous supply value, a balanced market would be signaled.
Further, if the coin buyers could hold above the $0.169 high mark and close a candle, closing above the mentioned resistance will signal a potential buying time. As a result, the price of Kaspa could pump or surge upsides to hit the $0.180 resistance value soon in its long-term outlook.
KAS (USD) Medium-term Trend: Bullish (4H Chart)
On the medium-term outlook, the KASUSD pair is in a resistance zone, suggesting a buying time for the interested traders.
The crypto has been having an interference with buyers in the past few hours which has enabled the coin price to stay strong in an uptrend in its recent high.
The market price of Kaspa which is currently trading at the $0.168 supply level above the moving average lines means that the bulls are in control of the market at the moment and the buying time is now.
Thus, a further push by bulls and closing the 4-hour session above the $0.169 resistance level will put the trade more on the buy side, hence a buying time.
Likewise, the pair pointing up on the daily stochastic means that the buying pressure may continue, and suggests a buying time and a possible recovery of a $0.180 supply level in the coming days in the medium-term time frame.
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