Kaspa is Trading -19.47% Below Our Price Prediction for Mar 27, 2024

Kaspa is Trading -19.47% Below Our Price Prediction for Mar 27, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Kaspa is up 12.81% today against the US Dollar
  • KAS/BTC increased by 14.30% today
  • KAS/ETH increased by 12.31% today
  • Kaspa is currently trading 19.47% below our prediction on Mar 27, 2024
  • Kaspa dropped -12.23% in the last month and is up 881.03% since 1 year ago
Kaspa price$ 0.156268
Kaspa prediction $ 0.194053 (30.27%)
Sentiment Bullish
Fear & Greed index 75 (Greed)
Key support levels$ 0.135685, $ 0.123661, $ 0.114337
Key resistance levels$ 0.157033, $ 0.166357, $ 0.178380

KAS price is expected to rise by 30.27% in the next 5 days according to our Kaspa price prediction

is trading at $ 0.156268 after gaining 12.81% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 8.17% in the same time period. KAS performed well against BTC today and recorded a 14.30% gain against the world’s largest cryptocurrency.

According to our Kaspa price prediction, KAS is expected to reach a price of $ 0.194053 by Mar 27, 2024. This would represent a 30.27% price increase for KAS in the next 5 days.

KAS Price Prediction Chart

Buy/Sell Kaspa

What has been going on with Kaspa in the last 30 days

Kaspa has been displaying a negative trend recently, as the coin lost -12.23% in the last 30-days. The medium-term trend for Kaspa has been bullish, with KAS increasing by 46.27% in the last 3 months. The long-term picture for Kaspa has been positive, as KAS is currently displaying a 881.03% 1-year price change. On this day last year, KAS was trading at $ 0.015929.

Kaspa reached its all-time high price on Feb 20, 2024, when the price of KAS peaked at $ 0.189456. The current KAS cycle high is $ 0.157580, while the cycle low is at $ 0.116331. KAS has been displaying low volatility recently – the 1-month volatility of the coin is at 9.65. Kaspa recorded 10 green days in the last 30 days.

Kaspa technical analysis for today – Mar 22, 2024

The sentiment in the Kaspa markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.135685, $ 0.123661 and $ 0.114337, while $ 0.157033, $ 0.166357 and $ 0.178380 are the key resistance levels.

Bullish sentiment for Kaspa

21 indicators are currently signaling a bullish prediction for Kaspa, while 4 indicators are showing a bearish forecast. With 84% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Kaspa.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 75 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Kaspa moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Kaspa is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.129889 (BUY)$ 0.145500 (BUY)
MA5$ 0.133376 (BUY)$ 0.142917 (BUY)
MA10$ 0.138875 (BUY)$ 0.136420 (BUY)
MA21$ 0.148882 (BUY)$ 0.130602 (BUY)$ 0.521704 (SELL)$ 0.107254 (BUY)
MA50$ 0.142617 (BUY)$ 0.114126 (BUY)$ 0.260424 (SELL)$ 0.069540 (BUY)
MA100$ 0.125957 (BUY)$ 0.091640 (BUY)
MA200$ 0.093218 (BUY)$ 0.067604 (BUY)
PeriodValueAction
RSI (14)42.19NEUTRAL
Stoch RSI (14)91.61SELL
Stochastic Fast (14)35.74NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)21.40NEUTRAL
Awesome Oscillator (5, 34)-0.03NEUTRAL
Momentum (10)-0.01NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-64.26NEUTRAL
Ultimate Oscillator (7, 14, 28)52.83NEUTRAL
VWMA (10)0.14SELL
Hull Moving Average (9)0.12BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.15NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Kaspa is at 42.19, suggesting that KAS is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Kaspa over the last 50 days. Currently, Kaspa is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the KAS closing price for the last 200 days. KAS is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Kaspa prediction

After considering the above factors, we can conclude that the current forecast for Kaspa price prediction is Bullish. KAS would have to increase by 30.27% to hit our $ 0.194053 target within the next five days. Moving forward, it will be important to monitor the KAS market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Kaspa price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/39616/kaspa-prediction-march-22-2024/