Lowest risk entry on KAS - BULLISHKaspa currently finds itself at the bottom of the ascending channel, which has been a consistent support level.
Also near the bull market support band (20/21 week sma/ema), which has also been a support level.
Holding until the top end of the channel would provide nice ROI from an entry from this level if it holds again.
We also have a cup and handle (with a higher handle) that is still playing out.
1bps
KAS vs Early BTC: The Ascending ChannelYou can see here that the ascending channel that $KAS finds itself in is very similar to the early channel that BTC traded in before breaking out to $30.
If Kaspa repeats something similar, as it already is doing, it could lead to an epic move north of $1.00 USD.
KAS also consistently bounces off the 20/21 week SMA/EMA as has always done during a bull rally (green and red lines).
Any touches of those moving averages are strong buys, as far as I'm concerned. I'm not sure we will get a touch again in the near term, as the bottom side of the channel may hold as support.
It seems like we are in a deep value zone right now.
Previous monthly ATH close was around .0324, and that has held so far (not shown here). Also confluent with the bottom of the channel.
Downside is limited IMO. Bullish.