Is Kaspa (KAS) Heading the Wrong Direction Friday?

Friday, August 04, 2023 05:43 PM | InvestorsObserver Analysts

Kaspa receives a strong short-term technical score of 99 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. KAS holds a better recent technical analysis than 99% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Kaspa a 99 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Kaspa!

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Trading Analysis

Kaspa is $0.025714 (127.44%) higher than its 30-day low price of $0.020178108 while also -$0.002552 (-5.27%) lower than its high of $0.04844400 from the past month of trading. Meanwhile, KAS's current price of $0.045892249 is above its average price of $0.032490376 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Kaspa suggest that traders are currently bullish on the coin. KAS has a average market cap compared to the majority of coins with a total market value of $917,452,845.24. The market valuation for Kaspa is relatively average due to the largest 100 cryptos having a market cap above $1 billion and KAS sits underneath that mark but remains above $100 million in market capilization. Kaspa's average volume is average as $268,301,721.76 worth of the coin is typically traded over a 24 hour period. The volume for KAS is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours KAS's volume is below its average with $37,996,042.83 exchanged. Kaspa's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

Kaspa's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the coin's short-term movement. Click Here to get the full Report on Kaspa (KAS).