KAS (Kaspa) has pumped 2.91% in the last 24 hours.

Gate News Bot news, on July 14, according to CoinMarketCap, as of the time of writing, KAS (Kaspa) is reported at 0.09 USD, with a rise of 2.91% in the last 24 hours, reaching a high of 0.09 USD and a low of 0.07 USD. The current market capitalization is approximately 2.295 billion USD, an increase of 64.8 million USD compared to yesterday. Ranked 42nd.

Kaspa is the world's fastest, open-source, decentralized, and fully scalable layer one network. It is the first BlockDAG, a digital ledger that supports parallel block creation and instant transaction confirmations. It runs on a powerful proof-of-work engine designed to handle up to 10 blocks per second without compromising security or decentralization. Kaspa is built by industry pioneers and community-driven.

Important news about KAS recently:

1️⃣ KAS approaches key resistance area The KAS price is approaching the key resistance zone between $0.088 and $0.090. This zone previously suppressed the KAS price, but currently, bullish forces are showing stronger performance. If KAS can break through this zone, it may trigger further pump momentum.

2️⃣ KAS breaks above the 100-day moving average The KAS price has first broken through the 100-day moving average, which is significant for trend watchers. This breakout indicates that buyers are gradually taking control of the market trend, but it still needs to break through the downward trend line that has been suppressing prices since May.

3️⃣ KAS forms a descending wedge or triangle pattern The KAS price chart shows a descending wedge or triangle pattern and is currently on the verge of a breakout. If the price can stabilize above $0.090, it may signal a significant breakout. The next major resistance level after the breakout is between $0.10 and $0.108.

From a technical perspective, KAS is currently at a critical position. If it successfully breaks through $0.090, it may welcome further rise. However, if it fails to break through this trend line, the price may pull back to $0.080 or even $0.075. The momentum indicators support KAS to continue rising, but the CCI indicator warns that KAS may temporarily be in an overbought state.

This message does not constitute investment advice; investors should be aware of market volatility risks.