KAS Technical Analysis
Key Insights
- KAS experienced significant impulsive growth after a period of six months of consolidation around a key volume level.
- Following the growth phase, there was a 40% price correction, with the 200-day moving average identified as a key support level at $0.079274. This level is crucial for potential price rebound and upward trend development.
- Current impulsive growth is accompanied by lower trading volumes, signaling potential shifts in market dynamics.
As of this writing, KAS ranks 28th on CoinMarketCap with a market cap of $3,152,322,520.
KAS Technical Analysis
Since its listing, the asset has demonstrated a steady upward trend. In November 2023, the asset entered an impulsive growth phase from a price of $0.046761, which is the key volume level POC, to a price of $0.154607, accompanied by a growth of over 226%.
This growth was preceded by a period of prolonged consolidation for 6 months around the POC level, though.
Subsequently, there was a price correction of 40%, reaching a price level of $0.093355.
At the moment, there's a new surge in impulsive growth, although trading volumes are lower compared to previous stages. This indicates that the market dynamics may be changing.
KAS Price Prediction
From the perspective of price dynamics, a decrease can be expected, with the 200-day moving average of $0.079274 serving as a key support level.
Presumably, after approaching this level, there may be a price rebound, followed by the development of an upward trend with the potential to reach new price highs.
In a more negative scenario, we may expect a more significant price decrease to the POC level of $0.046761, after which a rebound from this level is possible, followed by the development of a new upward trend.
This scenario implies a greater correction and requires careful monitoring of the market dynamics.
Users can get KAS for fiat or crypto on SimpleSwap.
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