🔷️ $KAS ’s long-term chart is still under pressure, and one structure stands out: an inverted cup-and-handle formation. The breakdown from the major black/grey support area reinforces the bearish structure rather than confirming a reversal.
The broader trend remains bearish, with price continuing to trade below the key resistance ladder. The next important development would be a reclaim of the broken support zone; until then, the structure remains vulnerable to further weakness.
📊 RSI, MACD and ADX should be watched closely for a genuine momentum shift. A bullish reversal would require confirmation from both momentum and price structure, not just a short-term bounce.
‼️ Since $Kaspa is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice
#crypto #bitcoin.” #Ethereum #Altcoins
The broader trend remains bearish, with price continuing to trade below the key resistance ladder. The next important development would be a reclaim of the broken support zone; until then, the structure remains vulnerable to further weakness.
📊 RSI, MACD and ADX should be watched closely for a genuine momentum shift. A bullish reversal would require confirmation from both momentum and price structure, not just a short-term bounce.
‼️ Since $Kaspa is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice
#crypto #bitcoin.” #Ethereum #Altcoins