Kaspa Price Prediction: KAS surges 31% in a week, but investors flock to this Bitcoin cloud mining token with 100x potential

The price of Kaspa arose more than 31% in the last 7 days to trade at $0.1865 at 2:30 am EST.

Kaspa price forms a bullish price channel

4-hour chart for KAS/USDT (Source: TradingView)

He When The price was able to break out of a consolidation channel between $0.135675 and $0.152655 in the past few days and printed a series of higher highs and higher lows in the following 48 hours. This resulted in the formation of a positive price channel on the altcoin's 4-hour chart, which also led the crypto to break above the $0.171 resistance level. A sustained close above this threshold could give KAS the necessary foundation to continue rising in the next 48 hours.

This bullish thesis may be invalidated if Kaspa price falls below the price of $0.171, which also converges with the lower boundary of the aforementioned ascending price channel. In this alternative scenario, the cryptocurrency could be at risk of falling back into the consolidation channel between $0.135675 and $0.152655. Continued selling pressure could force Kaspa price below the sideways channel to potentially test the $0.117810 support level in the near term.

Kaspa price may correct soon

Technical indicators on the altcoin's 4-hour chart suggest that the cryptocurrency's bullish momentum has cooled slightly. More specifically, the Moving Average Convergence Divergence (MACD) indicator shows that the bulls may be starting to divert their attention from THAT. The negative gradient of the MACD histogram could be an early sign that the Kaspa price uptrend is transitioning into a bearish cycle.

Another indicator that hints at a possible correction is the Relative Strength Index (RSI) on the 4-hour chart. Although the RSI is positioned bullishly well above its simple moving average (SMA) line, indicating bullish strength, the RSI is in overbought territory. Traders may view this as a sell signal as KAS's downside potential is greater than its upside potential. A possible early indication of a price pullback may be when Kaspa price falls below the mid-level of the current ascending price channel. Subsequently, the altcoin may retest the immediate support level at $0.171.

As Kaspa price attempts to continue its rise, bitcoin Minetrix It has exceeded 11.2 million dollars in its pre-sale while investors bet heavily on the innovative cloud mining project.

Investors Rush to Seize This 100x Potential Opportunity

bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Mining stocks Rise as @canaanio leads with a 21% jump, indicating a strong recovery amid positive results btc?src=hash&ref_src=twsrc%5Etfw”>#btc price dynamics. @CleanSpark_Inc breaks annual highs, surpasses @RiotPlatforms in market capitalization.

The resilience of the mining sector shines! #BTCMTX also… pic.twitter.com/kCvNBzq4ZV

—Bitcoinminetrix (@bitcoinminetrix) February 19, 2024

bitcoin Minetrix is ​​a bitcoin cloud mining project that has attracted a lot of attention from investors. This is evident in its pre-sale, which has exceeded $11.2 million in funds raised.

The project's stellar ICO performance could be a result of increased demand for btc following the launch of spot bitcoin ETFs (exchange-traded funds) in the United States. With the addition of institutional investors to the mix, investors are actively seeking opportunities to grow their btc holdings beyond simple speculative trading. bitcoin mining, more specifically btc cloud mining, is an attractive option as it gives investors access to a passive income stream that is paid in btc.

However, the bitcoin cloud mining industry has been plagued by scammers. On top of this, the barrier to entry for anyone wanting to get started with btc cloud mining has been set excessively high, with absolute startup costs. These problems may soon be a thing of the past thanks to the introduction of the bitcoin Minetrix platform.

Simplifying bitcoin Cloud Mining for Everyone

Through decentralization, the platform eliminates dependence on a single entity for cloud mining operations, making btc cloud mining more secure. The platform's unique staking-to-mine model also makes btc cloud mining as easy as staking an ERC-20 token.

To begin, investors will need to purchase the project's native token, BTCMTX, which is currently selling for $0.01365. Investors can buy altcoin using Ether (eth), Tether (USDT) or bank card.

Once purchased, the BTCMTX token will need to be staked in exchange for “gas” reward tokens. These tokens will need to be burned so that investors can claim a stake in bitcoin Minetrix's cloud mining power and start earning btc.

crypto analyst and YouTuber Jacob Bury says BTCMTX has the potential to grow 100x at launch.

BTCMTX can be purchased here.

Related Posts:

New crypto mining platform: bitcoin Minetrix

<img decoding="async" class="inContentProviderSingle–img mb-3" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin Minetrix” width=”125″ height=”60″ data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/02/Kaspa-Price-Prediction-KAS-surges-31-in-a-week-but”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-minetrix.svg”/>bitcoin-minetrix.svg” alt=”bitcoin Minetrix” width=”125″ height=”60″/>

• Audited by Coinsult
• Secure and decentralized cloud mining
• Earn free bitcoin daily
• Native Token on Pre-Sale Now – BTCMTX
• Staking Rewards: Over 50% APY

<img decoding="async" class="inContentProviderSingle–img float-right" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin Minetrix” width=”125″ height=”60″ data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/02/Kaspa-Price-Prediction-KAS-surges-31-in-a-week-but”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-minetrix.svg”/>bitcoin-minetrix.svg” alt=”bitcoin Minetrix” width=”125″ height=”60″/>