Kaspa (KASUSD) Price Forecast: July 27
KASUSD is recovering steadily with sustained buying pressure. The coin is now trading in an ascending channel. Should buyers interrupt the sell traders and hold any further bearish theory, the bullish pattern may increase the coin price to rise further to a $0.042750 previous high value which might possibly hit the $0.045000 upper resistance level and beyond, resulting in a good buy for the coin traders.
Key Levels:
Resistance Levels: $0.030000 $0.035000, $0.040000
Support Levels: $0.020000, $0.019000, $0.180000
KAS (USD) Long-term Trend: Bullish (Daily Chart)
As an outcome of low bearish momentum, the KASUSD market now trades in a general bullish trend in its higher time frame.
The coin prices are traded above the supply trend levels. Buyers are hindering the market from smashing through the supply zones.
The sustained pressure from the bulls at the $0.041000 high level on the 23rd of July has contributed to its bullishness in its recent high.
After completing the downward move at the $0.035692 low value in the previous action, the market was propelled higher by the bulls until it reached a new high at the $0.038604 resistance mark above the moving averages as the daily session resumes today. This shows the level and the high impact of the buy investors on the crypto market.
Thus, if the bulls regroup and push higher, a steady rise above the mentioned supply value will accelerate the new correction phase to a significant key level in the supply area.
Further, the Kaspa price may likely continue in the same bullish trend as the market indicates an upward trend on the daily stochastic. As a result, the coin price might rise to the $0.045000 upper resistance level soon in its higher time frame.
KAS (USD) Medium-term Trend: Bullish (4H Chart)
The momentum on the medium-term time frame (4H) is undeniably bullish. This is clear as we can see price continues to make higher highs and higher lows above the two EMAs.
The market price of Kaspa which rises from the $0.036751 level to the $0.038604 high value above the two EMAs as the 4-hourly chart opens today, is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.
The longer the price stays far above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
Further, continuation to the north is likely as the bulls are seen clustering around the coin market at present. So we can expect a steady increase in the price of KASUSD to reach the $0.045000 resistance level as the journey up north continues in its medium-term outlook.
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