Kaspa (KASUSD) Price Forecast: July 18
KASUSD‘s price will most likely continue its bullish rally and might reach the $0.0400 resistance level and beyond. Further increase in the bulls’ pressure may break up at the $0.0349 level and this may push the price of the cryptocurrency to the $0.0400 upper high level, resulting in a good buy for the coin traders.
Key Levels:
Resistance Levels: $0.0360 $0.0370, $0.0380
Support Levels: $0.2000, $0.1500, $0.1000
KAS (USD) Long-term Trend: Bullish (4H Chart)
KASUSD remains bullish on the higher time frames. This is clear as we can see the prices trading firmly above the supply trend levels indicating a strong bullish trend. However, the recent market has favored the bulls.
The sustained pressure from the bulls at the $0.0349 support level in the past few days has contributed to its bullishness in its recent high.
The coin found resistance at the $0.0324 supply value above the two EMAs shortly after the 4-hourly chart opened today. This 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 $0.0349 previous high soon.
Next, the Kaspa price is also pointing upwards on the daily stochastic, this suggests that the coin price may likely continue in an upward direction and the price might reach the $0.0400 upper resistance trend line in the days ahead in its higher time frame.
KAS (USD) Medium-term Trend: Bullish (1H Chart)
The market value of KASUSD is in a bullish trend in its medium-term outlook. During yesterday’s session, the pair made it to the $0.0328 resistance level and sustained it at its recent high.
Today, buyers are successful as well as they pushed the crypto up to the $0.0323 resistance value above the EMA-50, the coin is expected to revisit the previous highs at $0.0345 level if the bulls could push harder.
Therefore, buyers need to add more strength to their activities in the market to rally up to a significant level in the overhead supply zone.
Additionally, there is likely to be a further increase in the price of Kaspa as indicated by the daily signal which is pointing upwards.
We can therefore expect the buy traders to push the coin price above the overhead resistance trend line which may reach the $0.0400 resistance level in the coming days in its medium time frame.
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