KAS Technical Analysis July 2024
Key Insights
- Investors show a growing interest in the asset which is backed by market data
- The market participants' interest in KAS is focused on its support zone
- Investors might see a recovery of the asset and its correction
As of writing, KAS is ranked 24th on CoinMarketCap with a market cap of $4,122,423,981
KAS Tech Analysis
Despite the general decrease in interest in the market during the summer period, since the beginning of the year there has been an increased interest in this asset, which is confirmed by the vertical volumes data. At the end of June, the asset reached a new high, rising to the price level of $0.20129, which indicates its stability and potential for further growth.
From the point of view of volume profile, global interest of market participants is concentrated in the price range from $0.09989 to $0.14023. This range is an important support zone, where the most activity of market participants takes place. The presence of significant volumes in this range indicates investors' confidence in the long-term outlook of the asset.
KAS Price Prediction
In the current market environment, we can expect a correction of the asset, where Point of Control (POC) at the price level of $0.14035 is an important support zone.
This level is the key to keep the asset within the global uptrend. The third touch of the trend line is also likely, and in case of confident holding above this line and the subsequent rebound, we can forecast the recovery of the asset valuewith the subsequent movement to the previous maximum and the development of further upward movement.
Users can get KAS for fiat or crypto on SimpleSwap.
The information in this article is not a piece of financial advice or any other advice of any kind. The reader should be aware of the risks involved in trading cryptocurrencies and make their own informed decisions. SimpleSwap is not responsible for any losses incurred due to such risks. For details, please see our Terms of Service.
