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Kaspa (KAS) poises for a bullish growth amidst strong fundamentals and global expansion. Its distinctive GHOSTDAG protocol enables high block rates with robust security, setting it apart from other proof-of-work cryptocurrencies. Recent international events, including the Next Block Expo, demonstrate Kaspa’s expanding global community.
#Kaspa’s Price Analysis: This $KAS Trend Suggests Bullish Momentumhttps://t.co/zCfbMmAtzd
— Captain Altcoin (@CaptainAltcoin_) July 23, 2024
The coin’s price stability, consistently ranging between $0.1618 and $0.1622 on key exchanges, indicates solid market support. Additionally, the proactive development of the ecosystem, highlighted by the release of the RustyKaspa (RK) node, enhances its technological strength and investor confidence. These combined factors suggest a promising upward trajectory for Kaspa.
Key Kaspa Levels To Watch – July 23
The KAS/USD chart exhibits a bullish trend, confirmed by the consistent formation of higher lows along an ascending trendline. The price is currently trading above the 9-day Simple Moving Average (SMA) at $0.17910, reinforcing upward momentum.
The MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover, with the MACD line above the signal line, suggesting increasing buying pressure. Another break of structure is in view as the bullish trend continues.
KAS/USD Key Levels
Resistance Levels: $0.18410, $0.19390, $0.19800
Support Levels: $0.13340, $0.10130, $0.07560
Kaspa Metrics
Total Market Capitalization: $2.42T
Kaspa Market Capitalization: $4.29B
Kaspa Volume: $40.91M
Market Rank: #25
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