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Kaspa Price Prediction: KAS Surges 15% In A Week, But This New Solana Meme Coin Pumped 40% Amid FOMO Frenzy Over Mammoth Airdrop Expectation…
The Kaspa price soared 18% over the past week to trade at $0.1651 as of 12:05 a.m. EST.
The surge comes amid new developments for KAS that include a listing on Changelly and its integration with CryptoWallet.com.
Kaspa, a promising blockchain project, combines the strong security of PoW with fast block processing and short confirmation times.
With its unique features and commitment to scalability, Kaspa is positioned to become a major player in the decentralized applications space.
Kaspa Price Bulls Readying For A Bull Rally
Kaspa’s price has been trading on wave-like patterns since its launch, with each bullish wave growing in size and resulting in significant price surges. These waves are categorized as wave 1, wave 2, wave 3, wave 4 and wave 5.
The bullish momentum has driven KAS’s price past its resistance point at $0.1542 on wave 4. Following a brief retracement to the $0.094 support level, the bulls have shown resilience, driving the price up and regaining control.
Bulls are currently riding the 5th wave, facing a minor setback around the $0.1752 level. A breakthrough at this key level could trigger a significant upward movement. The price has rebounded twice in its uptrend, affirming the anticipated bull rally beyond the key resistance point at $0.1752.
Kaspa Price Indicators Remain Bullish As The Bulls Target New High At $0.2286
Kaspa price indicators are generally bullish, with price trading the 50-day and 200-day simple moving averages. Moreover, the moving average cross at $0.0251 signifies support for general bullish momentum.
The MACD’s blue MA line crosses the orange signal line on the upside above the midline level. Further, the histogram bars are positive, trading above the neutral level.
The relative strength index (RSI) is trending upwards at 77, above the overbought region of 70, indicating intense buying pressure for the Kaspa price.
KAS appears primed for another bullish surge, potentially driving the price beyond $0.1542. If the bullish momentum sustains, the bulls could push the price to $0.2286.
Conversely, if there is a candlestick closure below the parabolic curve, the price may find support at $0.1378.
Meanwhile, the new meme coin SMOG has erupted onto the crypto scene, surging 40% in the past week as investors eagerly await its massive airdrop.
SMOG Soars 40%, To Unveil Biggest Ever Airdrop
Smog (SMOG) has gained significant attention following its fair launch on Jupiter DEX on February 7th. Despite falling after an initial surge of 3,000%, SMOG has managed an impressive 40% recovery over the past week.
The surge in attention towards SMOG stems from its innovative airdrop mechanism, which allows traders to accumulate airdrop points by purchasing and holding the token. The project has allocated 35% of the total 1.4 billion SMOG supply to airdrops.
More Airdrop Points On Zealy
To qualify for the airdrop, you must buy and hold $SMOG tokens in your wallet. This will earn you airdrop points.
Additionally, the Zealy campaign offers investors the opportunity to earn more points by completing various tasks and quests aimed at fostering social engagement. The campaign has witnessed an impressive 100,000 quests completed,
SMOG also made headlines once again by announcing its plans to bridge the token onto Ethereum through Wormhole. This move allows SMOG holders to trade the token on both Solana and Ethereum, thereby enhancing liquidity and establishing SMOG as a top-trending meme coin on two prominent blockchains in the industry.