Kaspa (KAS) Continues to Surge—Should You Buy?

• Kaspa (KAS) hits an all-time high of $0.1533.
• Kaspa’s price soared over 19% in the last 24 hours.

The big move in the crypto world! Kaspa (KAS) has surged by 19% in the last 24 hours, marking a significant turnaround from its recent struggles. After reaching an all-time high of $0.1533 on March 20, the digital asset continues to defy expectations by holding strong with a current trading price of $0.1482. This surge has propelled Kaspa’s market cap to $3.39 billion, reflecting an 18% increase over the past day.

Kaspa (KAS) Price Chart (Source: TradingView)

Despite encountering a challenging period over the past month, where its value dipped by over 14%, Kaspa has managed to regain momentum in the market. This newfound resurgence is evidenced by the staggering 33% surge in its daily trading volume, now standing at an impressive $122 million.

Kaspa (KAS) Will Continue its Rally?

However, amidst this apparent bullish trend, uncertainties loom over Kaspa’s long-term trajectory. While Kaspa records a high score of 86 based on its historical trading data, recent performance paints a more minute picture, leaving investors cautious about the coin’s future trajectory.

According to the daily price chart, if the upward trend persists Kaspa may encounter immediate resistance at the $0.17 mark, with further gains to $0.179. Breaking past these barriers could trigger KAS to $0.23, opening up new possibilities for the bullish momentum.

Conversely, in the event of a reversal, Kaspa faces the risk of a 10% decline, finding support at $0.12. Further downward movement could potentially lead to a deeper decline, with the coin potentially plummeting to $0.087.

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