KAS/USDT Trading Scenario
2024-09-18

The KAS’s price chart continues to follow an upward trend, with the trendline successfully acting as a support level four times, indicating its significant strength. From a volume profile perspective, the current asset price is in a zone of heightened market participant interest, with a key volume level POC at $0.16833.

After the news about a potential Fed rate cut, a short-term correction is likely, as the market has probably already priced this event in. In this case, we may see sell-offs following the news release. However, in the long term, growth potential remains, with the trendline, once again being tested, serving as a possible reversal point.