Kaspa (KASUSD) Price Forecast: July 1
The KASUSD pair gains momentum with an increased trading volume and presents a strong resistance level, reflecting investors’ growing interest. The coin price is strong above the $0.178 supply level, further increase in the bulls’ pressure may break up the $0.184 previous barrier leading the crypto’s price to a $0.190 upper high level, reflecting investors, high interest in the token.
Key Levels:
Resistance Levels: $0.160 $0.170, $0.180
Support Levels: $0.135, $0.130, $0.125
KAS (USD) Long-term Trend: Bullish (Daily Chart)
KASUSD presents a strong resistance level and remains bullish on the higher time frames. This is clear as we can see the prices trading in a strong resistance zone above the supply trend levels indicating a strong bullish trend. However, the recent market has favored the bulls.
The continuous buying pressure from the bulls in the past few days has enhanced the crypto to present a strong resistance level in its recent high.
The Kaspa market found a notable resistance at the $0.181 supply value above the EMA-50 shortly after the daily chart opened today. It indicates that the buy investors are dealing in the coin investment.
Therefore, if the bulls could increase their tension in the market, the price tendency might reach the $0.184 high, presenting a strong resistance and a buy signal for interested traders.
Next, the Kaspa price is also pointing upwards on the daily stochastic, suggesting that the coin price may likely continue in an upward direction and the price might reach the $0.190 upper resistance trend line sooner, as it presents a strong resistance in its higher time frame.
KAS (USD) Medium-term Trend: Bullish (4H Chart)
The market value of KASUSD presents a strong resistance level in its medium-term outlook. The crypto price is strengthened above the supply levels, indicating a bullish momentum.
The pair made it to the $0.178 high mark during yesterday’s session and sustained it to present a strong resistance level in its recent high.
Today, the bulls add more energy and drive the Kaspa coin to a $0.181 high point above the EMA-50, as the 4-hour chart resumes.
Thus, if the crypto’s price could sustain above the $0.193 high level, the potential rally could surge higher to the significant level at the upper resistance level, signaling a strong resistance level.
Additionally, there is likely to be a further increase in the price of Kaspa as indicated by the daily signal pointing upwards. Therefore, the coin price might reach the $190.00 resistance level soon as the crypto presents a strong resistance level in its medium time frame.
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