Kaspa(KAS) Price Analysis Today September 2nd – KAS Technical Analysis

By Crypto Gloom On Sep 3, 2024

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Kaspa (KAS) is currently holding a strong position in the cryptocurrency market with a price of $0.159. It has a market cap of $3.94 billion and a 24-hour volume of $49.7 million. Kaspa is ranked 22nd on CoinMarketCap, showing a solid position in the industry.

KAS Key Statistics

Current price: $0.159
Market Cap: $3.94 billion
Trading volume (24 hours): $49.7 million
Circulating supply: 24.6 billion KAS
Total supply: 24.6 billion KAS
CoinMarketCap Rank: #22

Despite being down 21.27% from its high over the last 30 days and down 7.75% over the last 7 days, Kaspa has shown resilience, recovering 26.83% from its low last month and gaining a modest 1.16% over the past week.

KAS/USD Market Analysis

Main levels:

resistance: $0.172, $0.180, $0.200

Support: $0.156, $0.145, $0.135

Kaspa(KAS) Price Analysis Today September 2nd – KAS Technical Analysis — KASUSD – Daily Chart

KAS/USD is currently hovering near the $0.156 support level, which is close to the lower Bollinger Band, suggesting a possible bounce. The MACD line is just below the signal line, indicating that the bearish momentum is weakening. If KAS can hold the support level at $0.156, it can target the resistance levels of $0.172 and $0.180. A successful break above these levels could open the way for further upside to $0.200.

Can KAS rebound and maintain its upward trend?

Kaspa’s current market behavior suggests cautious optimism. The cryptocurrency has shown the ability to recover from a downtrend, and if it can hold above the key support level, a bullish reversal is possible. This change can be confirmed if the MACD line crosses above the signal line, with resistance at $0.172. However, if the support at $0.156 fails to hold, KAS could see further consolidation.

Kaspa witnesses a whole new ecosystem

KAS/BTC Performance Insights

In the KAS/BTC pair, Kaspa is trading at 0.000027492 BTC and has tested resistance near 0.000028884 BTC. The pair is located near the middle Bollinger Band, indicating a balanced market sentiment. The MACD suggests a neutral outlook, with a potential move in either direction. A break above 0.000028884 BTC could push the pair higher to 0.000030000 BTC, while a decline could test support at 0.000025988 BTC.

However, @AMCryptoAlex, who has over 11,000 followers on X (formerly Twitter), points out that KAS is notable as one of the few fair launch projects on the market. What’s impressive is that it’s only down 22% from its all-time high, which is similar to #BTC’s performance.

$what The parabola still remains intact.

It is one of the few fair launch projects with a capital of over $1 billion.

It only decreased by 22% from ATH, which is as follows: #bitcoin.

I am watching the $0.2 level. If it breaks that level, KAS will hit another all-time high. pic.twitter.com/Cu5CyEXyhS

— AMCrypto (@AMCryptoAlex) September 1, 2024

Kaspa’s alternative

Kaspa (KAS) remains a significant player in the crypto market with a strong market cap of around $3.94 billion and a strong presence on the cryptocurrency blockchain. However, another notable upstart is Pepe Unchained ($PEPU), which raised $11.5 million in a presale in preparation for its major DEX launch. The presale is open to anyone with no minimum investment, making it easy for anyone to participate.

Pepe Unchained has secured a strong foundation for growth and market visibility by allocating 20% of its total supply of $8 billion to presales, 30% to staking, and 20% to marketing. Prioritizing security, 10% of the supply is allocated to liquidity, minimizing slippage and reducing rug pool risk. The smart contracts have undergone rigorous audits by SolidProof and Coinsuit, increasing investor confidence.

Pepe Unchained Update – Consider Buying $PEPU

Pepe Unchained is also developing a Layer 2 network that will lower gas fees, making it attractive to both traders and investors. The network will include a block explorer and instant bridging between the chain and Ethereum, improving convenience and efficiency.

With solid fundamentals, a community-driven approach, and strong security measures, $PEPU is well positioned as a leading meme coin with the potential to deliver significant returns in Q4 2024. This could be a valuable long-term investment opportunity.

Visit Pepe Unchained