kasupdate

🔴 $KAS is facing continued bearish pressure on the 4-hour timeframe, with the price currently trading around 0.02892 USDT. The Supertrend remains bearish at 0.03072 USDT, while the Parabolic SAR is also positioned above the current price, confirming that sellers are still controlling the short-term trend. The price is trading below VWAP and all major moving averages, indicating weak bullish momentum. Additionally, the OBV indicator continues to decline, suggesting persistent selling pressure and a lack of strong buying support. RSI(6) is currently at 31.61, approaching oversold territory. The recent support at 0.02810 USDT is now a critical level. A decisive breakdown below this support could trigger another downward move toward 0.02750 USDT.

Entry: 0.02940 – 0.02980 USDT (SHORT on bearish rejection)
Stop: 0.03090 USDT
Target: 0.02810 USDT - 0.02750 USDT

This is strictly my personal technical analysis based on the available 4-hour chart. Take my view only as an idea. Wait for proper confirmation before entering any trade. Think for yourself, manage your risk carefully, and trade strictly at your own risk!

Only smart decisions win! 🎁💲

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