YouTube Influencer Crypto Jon Envisions a Bullish Trend for Kaspa (KAS)

Azeez Mustapha


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James Envisions a Bullish Trend for Kaspa (KAS)In a recent YouTube presentation, Crypto Jon emphasizes Kaspa’s upward momentum, highlighting its consolidation around the 14-cent historical peak. Encouraging signs include robust trade volume and market resilience. James, a participant of the presentation, envisions a bullish trend in Q3 2024, aligning with historical crypto patterns post-Bitcoin halving. Drawing parallels between Kaspa and Bitcoin, it is likened to “Digital Silver,” emerging as a prospective cryptocurrency.

The speaker underscores decentralization through the distribution of circulating supply, distinguishing Kaspa from its peers. Despite lacking top-tier exchange listings, optimism prevails, anticipating increased visibility with future listings. Acknowledging skepticism, the presenter considers it constructive, presenting a compelling scenario for Kaspa’s potential surge of over 600% to a $1 valuation in 2024, contingent on effective risk management and disregarding naysayers.

Key Kaspa Levels To Watch – December 4

TradingView ChartThe breakout from the $0.04280 resistance in August 2023 led to a consolidation phase. KASUSD consolidated within a triangle pattern for over two months before the complete shakeout of the bears.
A fractal move emerged as the consolidation phase ended. This was characterized by increased momentum as the price moved rapidly upward. The market is currently in a correction phase, and KASUSD is likely to enter the discount zone before the bullish trend resumes.

KAS/USD Key Levels

Resistance Levels: $0.142700, $0.155000, $0.193500 
Support Levels: $0.099300, $0.042800, $0.012000

Kaspa Metrics

Total Market Capitalization: $1.54T 
Kaspa Market Capitalization: $3.2B
Kaspa Volume: $54M
Market Rank: #26

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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