Kaspa (KAS) Is Building a Base
TLDR:
• Kaspa has been moving in an upward sloping channel since October 2022.
• Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice.
• Regardless, this is a base building period and upside is still on the table.
Probable Scenario:
• IMO, it is more likely that KAS will find support at the 0.382 Fibonacci retracement, the 0.02 USD leve,l and push back into the trend channel.
Worst case Scenario:
Worst case scenario for KAS is to drop a parallel channel and hit the Range Low at 0.012 USD.
• Kaspa has been moving in an upward sloping channel since October 2022.
• Kaspa Dropped below the channel on May 20th and tested the channel trend line as resistance twice.
• Regardless, this is a base building period and upside is still on the table.
Probable Scenario:
• IMO, it is more likely that KAS will find support at the 0.382 Fibonacci retracement, the 0.02 USD leve,l and push back into the trend channel.
Worst case Scenario:
Worst case scenario for KAS is to drop a parallel channel and hit the Range Low at 0.012 USD.
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