Kaspa, Ethena, Quant lead crypto market
Kaspa (KAS) emerged as one of the major gainers among the top 100 cryptocurrencies on Tuesday. The token is up about 13% over the past 24 hours, flipping its weekly loss to a 12% gain.
The rise has pushed the Proof-of-Work blockchain’s token above the 20-day Exponential Moving Average (EMA) and the upper boundary of a descending channel. KAS could stretch its rise toward $0.065 but faces resistance at the 50-day EMA.
On the downside, KAS could find support at $0.036 if it fails to hold above the channel’s upper boundary.
The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are above their neutral levels, with the latter approaching overbought territory. While the move indicates a dominant bullish momentum, overbought…
