{"id":397314,"date":"2024-06-06T00:30:13","date_gmt":"2024-06-05T19:00:13","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=397314"},"modified":"2024-06-05T13:21:24","modified_gmt":"2024-06-05T07:51:24","slug":"kaspa-crypto-jumps-28-will-it-hit-0-2-this-week","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/kaspa-crypto-jumps-28-will-it-hit-0-2-this-week\/","title":{"rendered":"Kaspa crypto jumps 28%: Will it hit $0.2 this week?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">KAS\u2019 price has surged by 66% in the last month.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The altcoin is gearing towards reclaiming its all-time high.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Proof-of-work (PoW) cryptocurrency <a href=\"https:\/\/ambcrypto.com\/predictions\/kaspa-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Kaspa [KAS]<\/a> is poised to reclaim its all-time high of $0.18, following its rally above the long-term resistance level formed at $0.14.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">KAS\u2019 price trended within a range between 12th April and 2nd June, leading to the formation of a horizontal channel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> This channel is formed when an asset\u2019s price consolidates within a range because a balance between buying and selling pressures prevents the price from trending strongly in either direction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The upper line of this channel forms resistance, while the lower line represents support. KAS had faced resistance at the $0.14 price level, while it found support at $0.1.<\/span><\/p>\n<h2><b>Kaspa crypto&#8217;s rally toward its all-time high<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Since June started, KAS has witnessed a surge in trading volume. For example, on 3rd June, the altcoin\u2019s daily trading volume totaled $165 million, representing its highest level since November 2023, according to <\/span><a href=\"https:\/\/app.santiment.net\/charts\/m8sOR_Y4__sCl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Santiment\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> data.\u00a0<\/span><\/p>\n<figure id=\"attachment_397315\" aria-describedby=\"caption-attachment-397315\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024.png\"><img decoding=\"async\" class=\"size-full wp-image-397315\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024.png\" alt=\"Kaspa Trading Volume\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Kaspa-KAS-08.17.49-05-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-397315\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This surge in trading activity pushed KAS\u2019 price above the upper line of its horizontal channel on 3rd June, indicating that it closed above resistance on that day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading at $0.1797 at press time, KAS\u2019 price has continued its uptrend and is trending towards its all-time high of $0.18, which it recorded on 20th February.<\/span><\/p>\n<figure id=\"attachment_397317\" aria-describedby=\"caption-attachment-397317\" style=\"width: 2368px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25.png\"><img decoding=\"async\" class=\"size-full wp-image-397317\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25.png\" alt=\"KAS 1-Day Chart\" width=\"2368\" height=\"1342\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25.png 2368w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25-300x170.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25-1024x580.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25-768x435.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25-1536x870.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25-2048x1161.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-25-1200x680.png 1200w\" sizes=\"(max-width: 2368px) 100vw, 2368px\" \/><\/a><figcaption id=\"caption-attachment-397317\" class=\"wp-caption-text\">Source: KAS\/USDT on TRadingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Readings from its price movements on a one-day chart suggested that it may continue its uptrend. For example, its Aroon Up Line (orange) was 100% at press time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicator identifies the strength of an asset\u2019s price trend and its potential reversal points.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When the Aroon Up line is close to 100, it signals that the uptrend is strong and that the most recent high was reached relatively recently. It is a bullish signal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The altcoin&#8217;s Relative Strength Index (RSI) and Money Flow Index (MFI) were 79.91 and 70.44, respectively, confirming the surge in demand. These indicators showed that KAS\u2019s buying momentum outweighed its selling pressure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, KAS\u2019 MACD line (blue) rested above its signal line (orange) as of this writing. When these lines are positioned this way, it is a bullish signal. It suggests that an asset\u2019s short-term average is above its long-term average.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/kaspa-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Kaspa [KAS] Price Prediction<\/a>\u00a02024-25<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\"> Traders interpret it as a sign to open long and exit short positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If KAS\u2019 buying momentum is sustained, its price may rally past its all-time high to trade at $0.2.<\/span><\/p>\n<figure id=\"attachment_397318\" aria-describedby=\"caption-attachment-397318\" style=\"width: 2368px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44.png\"><img decoding=\"async\" class=\"size-full wp-image-397318\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44.png\" alt=\"KAS 1-Day Chart\" width=\"2368\" height=\"1342\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44.png 2368w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44-300x170.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44-1024x580.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44-768x435.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44-1536x870.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44-2048x1161.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/KASUSDT_2024-06-05_08-19-44-1200x680.png 1200w\" sizes=\"(max-width: 2368px) 100vw, 2368px\" \/><\/a><figcaption id=\"caption-attachment-397318\" class=\"wp-caption-text\">Source: KAS\/USDT on TRadingView<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KAS currently exchanges hands at $0.17. Sustained buying pressure might push it above its all-time high of $0.18.<\/p>\n","protected":false},"author":64,"featured_media":397319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,66,3,4,20],"tags":[6427],"class_list":["post-397314","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kaspa crypto jumps 28%: Will it hit $0.2 this week? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Proof-of-work (PoW) cryptocurrency Kaspa (KAS) is poised to reclaim its all-time high of $0.18, following its rally above the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/kaspa-crypto-jumps-28-will-it-hit-0-2-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kaspa crypto jumps 28%: Will it hit $0.2 this week? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"KAS currently exchanges hands at $0.17. 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