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Kaspa (KAS) is back on stage: The sounds of bulls are getting louder!
Kaspa (KAS), one of the most popular cryptocurrencies of recent weeks, attracted attention by increasing by more than 30 percent in a short time.
With the increasing interest in PoW, KAS, which has been on the gas lately, later experienced a solid correction. The popular coin, which lost close to 40% of its value after making a new ATH, exploded with a reaction from an important support level. The KAS, which has risen by 17.65 percent in the last 24 hours, has once again proven itself to the market as the owner of the top in the "Most Very Ascendants" list.
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BTC's easing towards $42,000 after failing to surpass $43,500 created a negative mood in almost all altcoins. However, this was not the case for KAS. The KAS, which has risen by 32.78 percent in the last three days, has gained positive momentum by opposing both the BTC price and the dominance level. This price movement of KAS was interpreted by many investors as a sign of the new ATH.
Trading at $0.1295 at the time of writing, KAS could head towards $0.1338 – $0.1398 – $0.1475 and $0.1549, respectively, in a scenario where things go well. News from the ecosystem will play a critical role in this process. Factors such as BTC's much sharper declines or PoWs taking a back seat will naturally bring the selling intensity in the pair. In such a scenario, drops to $0.1241 – $0.1187 – $0.1098 and $0.0929 can be observed, respectively.