KASPA Daily chart is showing signs of a correction after a strong 5 wave up trend that set new highs. With immense hype, a growing community, and interest from tier 1 exchanges - Its easy to see why this first of its kind DAG Layer 1 is blowing up.
.03 is a major point of interest for multiple reasons.
1. Its .03 cent - a nice round number that is roughly double its last pull back low
2. .03 is a major support area that also played resistance on thsi recent move up
3. .03 is the exact location of the Fibonacci extension 2.618
4. .03 is very closely located to the MACRO trend line (assuming we move down relatively quickly)
Now - To be fair, we have to loose .04 first which is the major support level flipped resistance from KASPAs previous ATH set back on 2 April 2023. I will be buying a partial bag here to avoid risking the chance that we bounce off of .04 and keep on ripping.
There are a few technical reasons why i .04 could hold, so DCA in and get ready for the ride.
.03 is a major point of interest for multiple reasons.
1. Its .03 cent - a nice round number that is roughly double its last pull back low
2. .03 is a major support area that also played resistance on thsi recent move up
3. .03 is the exact location of the Fibonacci extension 2.618
4. .03 is very closely located to the MACRO trend line (assuming we move down relatively quickly)
Now - To be fair, we have to loose .04 first which is the major support level flipped resistance from KASPAs previous ATH set back on 2 April 2023. I will be buying a partial bag here to avoid risking the chance that we bounce off of .04 and keep on ripping.
There are a few technical reasons why i .04 could hold, so DCA in and get ready for the ride.
