KAS PRICE ANALYSIS & PREDICTION (March 14) – Kas Posts 9% Gains Daily But Faces Resistance Amid Recovery, Where Next?

KAS continued to maintain a bearish following a steady breakdown on the daily chart. However, it has temporarily stopped bearish due to a bounce and regained strength with notable gains in the past 24 hours. Since last week, KAS has seen a major move as trading levels change to the downside. This came with a monthly breakdown, and the price fell to a new multi-month low of $0.0557. It recovered briefly from the low to retest the recently broken support as resistance and now faces rejection. As a result, the price is weak, following a 2% loss. A further loss could bring selling pressure back into the market. This could later lead to another breakdown capable of plunging the price into the $0.04 range. If the price recovers higher, it may revisit the $0.09 level before losing grip. As of now, there are no signs of strong commitment from the bulls’ side, as the demand level appears low. The only condition for a trend shift lies in a significant increase above the previous monthly low. But from the looks of things, KAS has shown no signs of slowing down yet. Having said that, the overall market is still considered bearish in the mid-term. More selling actions should be expected sooner than later. KAS’s Key Level To Watch Source: Tradingview The $0.076 resistance level is posing a threat. If the price increases above it, the $0.095 level would be the next resistance to keep an eye on, along with $0.1143. The higher levels for a trend shift are $0.135 and $0.155. Currently, the $0.0645 and $0.0557 levels are held as support. A break below it could bring us to $0.05 and potentially $0.04 in the near term. Key Resistance Levels: $0.076, $0.095, $0.1143 Key Support Levels: $0.0645, $0.0557, $0.05 Spot Price: $0.071 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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