Kaspa (KAS) posted notable gains in the last seven days, but its price movement today, July 28, is bearish.
At 5:03am EST, KAS trades at $0.035642, which reflects a 5% price drop.
This seemingly bullish trend has confused investors, making them speculate if the asset will hit a new all-time high in the next few days or digress further.
Past Price Performance
Since July 11, TradingView shows that KAS has maintained a healthy and tempting market move; over the past 14 days, its price has gained 23%.
Kaspa reached a weekly high of $0.409 on July 23, a 23% increase in one day.
However, it met steep declines in the following days, dipping below $0.03 on July 25 before picking up again. Though it has witnessed a 5% drop today, KAS still holds over 10% gain on the one-week chart and more than 41% in the last 30 days.
Technical Analysis: Kaspa in Bullish Trend
The chart shows the asset is trading above the 50-Day and 200-Day Simple Moving Average (SMA), demonstrating a long and short-term bullish trend.
The relative Strength Index (RSI) is at 60.20, moving downward to the oversold region, indicating a dwindling bullish trend.
KAS’ Moving Average Convergence/Divergence is above the signal line, depicting an uptrend. But the MACD line is about to converge with the signal line, indicating that the bulls are relenting.
KAS would likely face more downturns before the day ends but may witness an upturn in the coming days.
How Can Kaspa Break Above Resistance Level
The Kaspa community shared its excitement following the integration of KAS on NOWPayments, a blockchain payment gateway. This partnership will offer KAS users a seamless and innovative payment experience, improving investor sentiment and increasing Kaspa’s user base.
Positive investor sentiment and user base could boost KAS’s market price. Other factors affecting KAS price include regulatory outlook, general market sentiment, and macroeconomic conditions.
An Alternative Asset – Launchpad XYZ ($LPX) Seems Promising
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It plans to achieve this by incorporating features that will equip users with better crypto trading and investing experience.
Today, the presale has raised over $1.1 million at a selling price of $0.0445. The following price will be $0.046 when this presale hits more than $1.5 million.
How to Buy $LPX
To buy a $LPX token, you need a dApp crypto wallet. You can buy the token using bank cards or cryptocurrency, like USDT (ERC-20 or BEP-20), ETH, or BNB.
Interested investors should visit the project website, connect their crypto wallet and swap their BNB tor USDT tokens for $LPX.
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