🔷️ #KAS is currently trading at a critical technical level. The price has reached a strong support zone and a potential inverse cup-and-handle formation appears to be forming on the chart. If the current black support area fails to hold, this bearish pattern may activate, leading to a sharp downward move. However, if the price finds support and reacts positively here, the technical structure remains intact, and a gradual move towards resistance levels could be possible. The resistance zones marked with yellow lines can be monitored in that scenario.
✍️ Kaspa ( $KAS ) is an innovative Layer-1 blockchain project that utilizes the GHOSTDAG protocol, allowing blocks to be confirmed in parallel. Known for its fast transaction speeds, low fees, and decentralization focus, it has gained strong community support, particularly among miners and technical users. Its ASIC-friendly architecture also contributes to energy efficiency.
✍️ This technical inflection point could be decisive for the short- and mid-term trend. The structure should be monitored closely. This post presents a personal technical analysis only.
📌 This is not investment advice.
