Kaspa (KASUSD) Price Forecast: November 18
KASUSD remains bullish and stays strong above the supply level at the moment despite the moves from the short traders. The coin market has been in a bullish rally in the previous action and from the look of it, it will keep growing. Therefore, if the buy investors should add more strength to their inflows in the market and close above the current supply value, the crypto price may extend towards the $0.1600 upper high value.
Key Levels:
Resistance Levels: $0.1200, $0.1300, $0.1400
Support Levels: $0.0700, $0.0600, $0.0500
KAS (USD) Long-term Trend: Bullish (Daily Chart)
The Kaspa price is losing bearish momentum as it stays strong above the resistance level in the long-term perspective.
The sustained bullish pressure pushed the crypto to a $0.1170 high-level yesterday, this has made the coin price remain in an uptrend in recent times.
Its resistance was finally broken at a $0.1483 high level above the EMA-50 as the daily chart opens today. Should the bulls continue to increase their price actions and maintain their bullish momentum, the KASUSD price will rise even higher above the current supply level.
Next, there is a possibility for the Kaspa pair to grow further as indicated by the daily signal pointing upwards. In light of this, the coin price might possibly grow higher to reach the $0.1600 supply value soon as the coin price continues to stay strong above the supply level in its long-term outlook.
KAS (USD) Medium-term Trend: Bullish (4H Chart)
The high order flow by the bulls has made the KASUSD price also stay strong above the supply level despite the interference from the sell traders on the medium-term outlook.
The crypto price was able to reach the $0.1172 high value in the previous action which really made the coin remain in an upward trend in recent times.
Today’s 4-hour bullish candle at the $0.1483 high mark above the moving averages confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
Adding to that, further upsides are certain as indicated by the price indicator pointing upwards, this means that a further rise in the market value of Kaspa is certain and in this case, the bullish correction pattern might extend the coin price to the $0.1600 upper resistance value soon as the crypto stays strong above the supply level in the medium-term outlook.
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