Kaspa faced selling pressure after signing a new ATH ( EYEBROW), has lost nearly 20 percent of its value in the last 2 days.
It has been on the agenda with sharp price movements since $ 0.032. Kaspa (KAS) reached its new ATH with its volume increase in just 2 weeks. However, BTC’s rise from $27,450 to $26,380 yesterday evening shook the altcoin market, especially the price of KAS. How is the technical side continuing for KAS, which dropped 19.30 percent in just two days?
Kaspa (KAS) technical analysis
KAS, which started its upward trend movement at $ 0.032, went to $ 0.0539 breathlessly. The popular coin, which lost its momentum due to FUDs in the market and the withdrawal of BTC, took its breath away at $ 0.0434. Currently trading in the decision zone, KAS will want to test $0.0518 if it exceeds $0.047.
A downward trend in BTC or failure of sector-based fundamental analysis may push the KAS price to even lower levels. In such a situation, the levels that can be followed as support are 0.0379 – 0.0358 and 0.032 dollars, respectively. In particular, not losing $0.032 is of critical importance for KAS.
