The price of Kaspa cryptocurrency has been showing steady growth recently. With a 20% increase over the week, it has reached $0.10, the highest price in over two months.
Overview of Kaspa Price Growth
Kaspa has been experiencing a decline for the past few months, creating lower highs and lower lows. However, recent weeks show a significant reversal trend. The market has reacted to the rise, increasing buying volume, and the price has jumped from around $0.05, breaking through the resistance area of $0.08-$0.09.
Technical Signals on the Charts
On the weekly chart, a bullish MACD crossover has been confirmed, marking a significant technical signal that often indicates the start of a new momentum phase. This suggests: • Increasing buying pressure building on higher timeframes • Potential trend change, as weekly signals are generally more reliable.
Expectations and Future Predictions
With the upcoming Crescendo upgrade set for May 5, Kaspa may see further growth. If the price continues to rise, the next key resistance levels will be $0.12-$0.14 and $0.16-$0.18.
With the current technical signals and upcoming upgrades, Kaspa may be on the verge of a trend change after a prolonged decline.
