Alibrine-User-4_6_7_0阿里布林

$KAS had rallied rapidly after hitting a recent low of $0.0358 last Friday—a huge increase of 67% from last week's low—and is now trading for $0.0597 on Friday, thus being a major win for bulls.
Bulls confirmed this trend change by breaking out of the 50-day EMA (exponential moving average), which is located at $0.0536. The higher price is significant because it regained an essential dynamic support level and also removed an obstacle created by the long-term descending trendline that had been limiting price movement for some time.
A New Range and Buy Indicators
The next obstacle to overcome is the 100-day EMA, which stands at $0.0629 and will serve as a near-term resistance level for Kaspa. The Relative Strength Index (RSI) indicates a strong signal in the bullish direction as it pushes towards overbought territory, demonstrating continued and high levels of demand for the coin.
Further confirmation of Kaspa's upward trajectory can come from MACD (Moving Average Convergence Divergence), which remains strongly bullish, and therefore allows trend-following buyers to increase their risk exposure.
The Price of Kaspa and Risk Factor
As long as Kaspa's price remains above $0.0358 and maintains its momentum, it will likely break above the upcoming 100-day EMA price.