#Kaspa Big Rise and Possible Drop: A Look at KAS/USDT

#Kaspa Big Rise and Possible Drop: A Look at KAS/USDT

- Current Price: $0.1177
- Previous Analysis Outcome: 90% profit
- Chart Insight: Since September 2022, Kaspa has demonstrated a significant rally, starting from $0.0013 and peaking at $0.189744 by February 2024, marking an impressive 142x increase over 16 months.

- Current Observations:
Bearish Signals: The 3-day chart shows a breakdown and retest of the bear zone for KAS indicating a potential major dump ahead.

- Key Levels to Watch:
Resistance: The green line at $0.143. Remaining below this level may strengthen the bearish trend.
Support: The $0.1 level is crucial. A dip below this could potentially drive prices down to $0.036 and $0.013.

- Chart Invalidation:
An upward breach above $0.189 could invalidate the bearish outlook and signal a continuation of the uptrend.

- Trading Strategy:
Traders should monitor the $0.143 resistance closely. A sustained position below this level could be a cue for a bearish stance.

Keep an eye on the $0.1 support. Breaching this level might open up lower targets.

Stay cautious and trade wisely!

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