Future of KASPA!
2024-11-06

Hello, fellow traders!

KASPA is nearing to its support zone based on its ATL and swing movements.
If we can confirm the reversal here with the favorable outcome of the election, we might see a swing opportunity to 0.19 or even beyond.
We will also make sure to confirm the reversal first: if the price drops additionally before making its turn, this is not out of ordinary. 

My approach mostly contains technical analysis, drawing lines and boxes in the chart. However, I also find understanding the background of the crypto (or any market product in this matter) equally important if not more. So I've done some research about Kaspa, and I've noticed a lot of comments in social media regarding its political stance, security budget issue and such. Here are my thoughts: I do not think these concerns should be overlooked, but I also appreciate the active responses and enthusiasm from the developers, and I think catching people's attention is already a positive part about this crypto. 

Among all the cryptos I've traded (besides BTC, ETH, SOL), I think this crypto has some potential even when looked outside of the chart.


Back to the charts, we already see the price has risen by 10% after it touched the zone. 
