KAS rallied over 25%, will the gains continue?

Kas jumped almost 28% in the last day while he was trying to get out of the downward trend in which he has been stuck since last December.

Be .WHO) has reached an intra -day summit of $ 0.074, which reported its market capitalization nearly $ 2 billion earlier in the day, its daily negotiation volume doubles $ 188 million from press time.

In particular, today’s earnings occur after a long downward trend, Kas reaching the lower ups and lower lows since he reached $ 0.188 on December 9 of last year. Altcoin is still 68% below its top of all time, around the levels observed for the last time in early November 2023.

The main catalyst feeds today’s earnings came under the name of CRYYPTOCAP COLDROTCAP data aggregator added Kas in the category “Made in America” ​​yesterday.

Even if Kaspa is decentralized and has developers around the world, CMC’s list has drawn the attention of investors, because some members of the cryptographic community speculate that the current American administration, led by President Donald Trump, can eliminate Taxes on capital gains on Cryptocurrency projects based in the United States.

Another key factor behind the recent gains from Kaspa is the promising results of its crescendo upgrade, currently in the Testnet phase.

According to an official of March 10 x jobTestnet 10 of Kaspa managed to increase to 10 bps, a significant increase compared to the current 1 BPS on the Mainnet. The milestone keeps Kaspa on the right track to achieve its scalability objectives.

In addition, members of the Kaspa community have highlighted its low transaction costs, which allow the transfer of millions between portfolios at a minimum cost. His rapid and profitable transactions can arouse more interest in Kas and influencing his recent price movement.

The rally also coincides with a change of social feeling around Kas, which has become positive, according to health data, which means that most of the KAS discussions are optimistic.

KAS price analysis

Technical indicators suggest a lower perspective for Kas. Its relative resistance index is less than 50, while the average mobile / divergence convergence (MacD) is less than 0.

In addition, the Supertrend indicator has also become red and is positioned above the price level, confirming that its market is always faced with the pressure of bears.

Consequently, if the current lowering conditions persist, the KAS price could probably fold at the support range from $ 0.048 to $ 0.057, which served as a key level of support.

However, a strong break above the descending resistance trend, which has been in place since December 9, could mark a bullish reversal, invalidating the current lower configuration.

At the time of the press, Kas sold $ 0.067 per room.

Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.