Kaspa (KAS) rises 13 % – but this resistance area indicates caution! star-news.press/wp

Main meals

Kas has recorded a large operation, but the main resistance area is now a big obstacle, with signs of selling the stain. The trading volume is still high, and the difficult momentum continues to build, indicating the interest of a strong buyer even at current resistance levels.

Kaspa (KAS) has increased by 13 % over the past 24 hours, at the time of the press, which extends to the direction of fixed gains that increased the price of 72 % over the past four weeks.

However, this bullish momentum may stop despite the high size and aggressive purchase, as the price movement tests a historic resistance area.

The air stimulus in the game while Kas strikes the supply area

The graph analysis reveals that Kas has entered a critical resistance area, which was also identified as a supply area.

This region is located between $ 0.114 and $ 0.127, and has historically sparked strong prices.

For example, in February, when Kas was briefly circulated in this region, this led to a significant decrease representing the lowest price per year for the coin.

Source: TradingView

After a similar decline in May, when Kas touched this area again and then later fell to a scale of $ 0.6.

At the time of the press, Kas tested this resistance area and faced a slight rejection, as the candlestick turned red. Although this is not yet confirmation for sale, it reflects a significant sale pressure at this level.

Buyers may still have the top hand

Despite the resistance, indicators indicate that sellers may lose with increased purchase activity.

The main measures such as accumulation/distribution (A/D) and the bull bear force (BBP) indicate the growing upholstery.

The A/D line reflects a strong accumulation, indicating more than selling in the last sessions. It is worth noting that the accumulation volume reached 10.18 billion kilometers during the past 24 hours, as it is heading up and indicates the possibility of increasing growth.

Source: TradingView

Likewise, BBP achieved its highest point in two weeks, a sign that the bulls began to control the market with more attention.

This trend indicates that although Kas is circulating inside a well -known supply area, the bulls interfere strongly. However, it remains uncertain if the original will erupt over this level.

Immediate traders resume purchase kas

In the past four days, even as Kas embraces, immediate traders sold the distinctive symbol constantly via the central stock exchanges.

According to data from CoinglassThe total cumulative sales of these merchants reached $ 1.48 million, which reflects the descending feelings despite the merchants.

Source: Coinglass

Interestingly, the pressure pressure slows down. Within the past 24 hours, total immediate sales amounted to only 47,000 dollars, indicating a renewable purchase interest.

Although this indicates that the bulls began to accumulate again in the immediate market, the trend is not completely optimistic. Bears can still re -enter, apply pressure down, and lead to a decline in prices for KAS.