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KAS price slumps 4%: can it bounce back?

  • Kaspa (KAS), a Layer-1 blockchain protocol, saw a 4.17% price decrease, trading at $0.07533 after a brief rally.
  • The 20-day EMA failed to hold as support, indicating a potential shift in short-term market dynamics.
  • MACD indicator signal weakened after a bullish crossover, raising doubts about the strength of the recent uptrend.
  • With the next resistance at $0.082 now more distant, KAS faces downside pressure and needs to reclaim key levels for a potential bounce back.

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