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Kaspa (KAS) made an ATH! What is the bullish target?
The popular cryptocurrency Kaspa (KAS) has risen by 20% in the last 24 hours, replenishing its ATH.
The upward trajectory of the cryptocurrency market has led many cryptocurrencies to perform ATHs (all-time highs). In the crypto market, which is rising with bullish appetite, many crypto projects have come to the fore.
Kaspa, which uses the Ghostdag protocol and has a PoW (Proof of Work) mechanism, has managed to attract attention in the bullish market. Kaspa's native token, KAS, is up 20% in the last 24 hours, replenishing its ATH.
Kaspa (KAS) breaks its chains: Up 20 percent
Kaspa (KAS), the most popular crypto project of the past year, rose to the top with a rapid rise. Kaspa has been shown as a different alternative to Bitcoin due to its PoW (Proof of Work) structure. With its rise, Kaspa also contributed to the PoW frenzy in the cryptocurrency market for a while.
Kaspa, which came out on top with its sensational rise in 2023, had a quiet start to the new year. Although Kaspa exhibited a calm price action in the first month of 2024, it broke its chains in February. Will KAS continue to rise? What are the expectations?
Although KAS has risen by turning the positivity of the crypto market into an opportunity, it may have been a little late. The cryptocurrency market may turn the long-standing bullish movement into a correction. In this case, the KAS may experience a pullback from the peak point it has formed. KAS could face a pullback to $0.1486 if it turns bearish. If this support point is lost, KAS could drop sharply to $0.13. The $0.13 support plays an important role in KAS's bullish movement. If the popular cryptocurrency loses this zone, the uptrend could end and the price could target the $0.115 support.
On the other hand, KAS could retest the ATH point of $0.1673 if it continues its bullish movement and attracts buyers. If this zone is breached, KAS will refresh the ATH and set a new high. Possible highs for KAS could be $0.18 and $0.195.
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