Kaspa's Firestorm Wall
2024-12-04

📉 Current Price: $0.16 USD
🎯 Medium-Term Target: $0.23
🛡️ Key Support: $0.14 (0.618 Fibonacci golden ratio starting from the Nov 5th election-day pump)

 🔥 The Firestorm Wall 
KASPA faces a formidable challenge at its "Firestorm Wall" of resistance, spanning $0.17–$0.19. Over the last 185 days, KASPA has entered the bottom of the wall ($0.17) more than 10 times.

However, it has only breached the top ($0.19) 3 times. For KASPA to reach its medium-term target of $0.23, it must decisively break through $0.19. Once this happens, the rally could accelerate. 🚀

 📊 Recent Developments: 

 Volume Uptick:  
 
 Momentum has increased after bouncing off both the $0.10 support and the bottom of the diagonal trendline.
 

 Money Flow Index (MFI): 
 
 Current Status: Neutral (neither overbought nor oversold).
 At the $0.10 support, the MFI showed overbought conditions, indicating a bullish recovery.
 

 Golden Cross: 
 
 On November 11th, the 50-day MA crossed above the 200-day MA – a strong bullish signal on the daily chart.
 

 📐 Technical Insights: 

 
 Yellow Dashed Lines: Fibonacci retracement levels, key zones for price interaction.
 Breaking above $0.19 will clear the Firestorm Wall and likely propel KASPA toward $0.23 quickly.
 KASPA is ready to launch. 🚀 All eyes on the $0.19 resistance!
