Today saw Kas through the biggest gain following a week of recovery from a 15-month low. The price appears strong today as it currently leads the daily altcoins rally with a 10% surge in the last 24 hours.
In terms of gains, Kas is said to be one of the best-performing cryptos since the bull run started. Unfortunately, it lost steam in late 2024 and plunged to its lowest level of $0.0763 after two months of sell.
A sudden rejection from that low brought a slight relief in the market and the price climbed back to where it currently trades at the important $0.1 level. It is now negotiating for the next major move.
Failure to scale through the important level could trigger another dip, capable of rolling the price back to the recent low. A breakdown from there may result in more deductions.
Overcoming this important level could propel buying until it meets rejection, though the target level to watch for the ongoing recovery lies at $0.13. Once the price tests this target level, we can anticipate a sale.
Meanwhile, Kas’s trend is still considered bearish in the short term. A strong push above last month’s high should signal a trend reversal. But for now, it is still maintaining the lower low and lower high pattern on the daily time frame.
Source: Tradingview
A surge through the immediate $0.117 resistance could send the price to $0.135. The next area of interest for buying is $0.155 – where a primary breakout lies.
If a pullback occurs, the closest support level for a test is $0.09. Failure to bounce back may result in a rollback to the $0.079 low before plunging to $0.07.
Key Resistance Levels: $0.117, $0.135, $0.155
Key Support Levels: $0.095, $0.079, $0.07
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: fabrikacrimea/123RF // Image Effects by Colorcinch
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