KAS/USDT Technical Analysis in 2-Day Timeframe.

Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

KAS in the last 48 hours made a new all-time high of $0.198, breaking out above the current resistance level of $0.183.

In the past, whenever KAS broke out above the resistance, it made some outstanding rallies.

Initial Breakout:
~ Period: Late 2022 to early 2023
~ Breakout Point: $0.007
~ Performance: Following the breakout from the symmetrical triangle, KAS/USDT witnessed an impressive upward move, achieving a staggering gain of 500.73%.

Consolidation and Second Rally:
~ Period: Mid-2023
~ Breakout Point: $0.022
~ Performance: The ascending triangle pattern indicated a bullish continuation, which played out with a 170.62% rise from the breakout point.

Current Structure:
~ Breakout Potential: KAS is currently breaking out of another resistance trendline, suggesting a bullish continuation.
~ Projected Target: Based on the height of the triangle, the projected price target is $0.55, representing a potential gain of 201.92% from the breakout point.

Moving Averages:

The chart shows the 100EMA (in purple) acting as dynamic support, consistently supporting the price during pullbacks.

Buy Zone: Consider entries around the breakout point ($0.18).

Targets: $0.32 to $0.54.

Invalidation Point: KAS breaking down and getting rejected below the current resistance.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#Kaspa