Kaspa is Predicted to Drop to $ 0.019367 By May 16, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Kaspa is down -5.69% today against the US Dollar
• KAS/BTC decreased by -4.92% today
• KAS/ETH decreased by -4.90% today
• Kaspa is currently trading 12.62% above our prediction on May 16, 2023
• Kaspa dropped -38.76% in the last month and is up 9,379.00% since 1 year ago

KAS price is expected to drop by -11.21% in the next 5 days according to our Kaspa price prediction

Kaspa price today is trading at $ 0.021811 after losing -5.69% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.90% in the same time period. KAS performed poorly against BTC today and recorded a -4.92% loss against the world’s largest cryptocurrency.

According to our Kaspa price prediction, KAS is expected to reach a price of $ 0.019367 by May 16, 2023. This would represent a -11.21% price decrease for KAS in the next 5 days.

KAS Price Prediction Chart

Buy/Sell Kaspa

What has been going on with Kaspa in the last 30 days

Kaspa has been displaying a negative trend recently, as the coin lost -38.76% in the last 30-days. The medium-term trend for Kaspa has been bullish, with KAS increasing by 239.00% in the last 3 months. The long-term picture for Kaspa has been positive, as KAS is currently displaying a 9,379.00% 1-year price change. On this day last year, KAS was trading at $ 0.000230.

Kaspa reached its all-time high price on Apr 02, 2023, when the price of KAS peaked at $ 0.042511. The current KAS cycle high is $ 0.021815, while the cycle low is at $ 0.021768. KAS has been displaying high volatility recently – the 1-month volatility of the coin is at 12.86. Kaspa recorded 11 green days in the last 30 days.

Kaspa technical analysis for today - May 11, 2023

The sentiment in the Kaspa markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.021891, $ 0.021150 and $ 0.020054, while $ 0.023728, $ 0.024824 and $ 0.025565 are the key resistance levels.

Bearish sentiment for Kaspa

11 indicators are currently signaling a bullish prediction for Kaspa, while 16 indicators are showing a bearish forecast. With 59% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Kaspa.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 52 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Kaspa moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Kaspa is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Kaspa is at 39.05, suggesting that KAS is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Kaspa over the last 50 days. Currently, Kaspa is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the KAS closing price for the last 200 days. KAS is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Kaspa prediction

After considering the above factors, we can conclude that the current forecast for Kaspa price prediction is Bearish. KAS would have to decrease by -11.21% to hit our $ 0.019367 target within the next five days. Moving forward, it will be important to monitor the KAS market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Kaspa price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.