The post Kaspa Price Set For Breakout: Could It Revisit Its 52-Week High? appeared on BitcoinEthereumNews.com.

Kaspa price displayed a pullback and represented a noteworthy follow-on buying action in the last three trading sessions. Fueled by the increased buying interest and reduced liquidations, the token experienced a rise in its value. It exhibited a consistent uptrend for the past few weeks and reached the 52-week high cluster last month. Due to the heightened volatility and profit booking in the first half of July, KAS witnessed a slight retracement. However, the buyers have retained their strength. They are eyeing to recapture the upside zone of the $0.2000 mark in the next few sessions. Kaspa Price Seems Poised to Outperform With sustained buying momentum and consistently lifted gains inside a rising channel, the KAS token price has been in an impressive bullish phase for the past few weeks. Recently, it showed a soft retracement and retested the 50% Fib cluster. This week, it decisively held the gains and respected the zone. From there, a surge of over 12% was recorded in the last two sessions. Going forward, the improved market sentiments and a fresh bullish wave give a conviction that KAS bulls are showing their interest in resuming the bullish rally ahead. The ongoing price action implied that the token has continued to form higher high swings and maintained an uptrend. Going forward, the trend is bullish, and buyers have persisted in trying to resume the uptrend.  When writing, the KAS token price was trading at $0.172, up over 5.40%, revealing the bullish cues.  Fueled by the volume buying activity, the token was trying to cross multiple clusters of $0.1730 to exhibit a clean buy signal and may revisit the supply zone of the $0.1800 mark soon. @Coin_Strategist, in his tweet, mentioned that KAS is trying to cross the clouds. It may trigger a sharp rise soon. Last…

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Filed under: News - @ August 16, 2024 3:12 am