- Summary:
- Kaspa coin price prediction: KAS/USD is having a major dip but the bullish market structure remains intact. Bulls are still in control.
Kaspa coin has emerged as one of the handful of cryptocurrencies which soared to a new all-time high this year. Consequently, KAS crypto is experiencing persistent buying pressure as the investors step over each other to get a stake in the project’s success.
However, the phenomenal rally of KAS is having a cool down as the resignation of the Binance CEO jolted the crypto markets on Tuesday. As a result, the coin is depicting a pullback of 19% on the weekly timeframe.
The unique architecture of Kaspa makes it an interesting project. So much so that it has attained the 29th rank on the Coingecko due to its market capitalization of $2.5 billion.
KASPA Coin Technical Analysis
If we analyze the KAS/USD pair on the daily timeframe, we can identify an ascending channel in which the stock has been trading for the past few months. We can also see that the bullish market structure is still intact, and the KASPA coin price prediction will remain positive as long as the price trades above $0.078.
