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Kaspa drops after rally to $0.21 – Where will KAS head next?

AMBCrypto LogoAMBCrypto14h ago

Kaspa drops after rally to $0.21 – Where will KAS head next? - AMBCrypto

Quick Summary:

In the long term, KAS appears poised for a significant rally, potentially reaching a new all-time high.

This price action, often referred to as ‘wicking,’ is typically seen as a stop hunt—a strategy used to manipulate the market in favor of major players.

This rate suggested that holders of long positions were paying premiums to those holding short positions, indicating stronger demand and a bullish outlook for the asset.

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Kaspa drops after rally to $0.21 – Where will KAS head next? - AMBCrypto (Picture 1)Kaspa drops after rally to $0.21 – Where will KAS head next? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Olayiwola Dolapo

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-18 @ 08:00:33 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 812 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22121823

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 14 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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The story "Kaspa drops after rally to $0.21 – Where will KAS head next?" was covered 14 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 14 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #22121823
  • URL: https://beamstart.com/news/kaspa-drops-after-rally-to-17239681773960

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