Kaspa Price Prediction: KAS Tops Gainers As Crypto Market Plunges, While This PEPE 2.0 ICO Is Still Going Like Gangbusters

Kaspa Price Surges 2%, Demonstrating Bullish Momentum

As of 7:45 a.m. EST, the Kaspa (KAS) price has climbed over 2% in the last 24 hours to reach $0.2049. This recent surge has not only propelled KAS deeper into the green but also stands in contrast to the broader market downturn, which has seen the overall crypto market cap decline by over 2%.

Kaspa Attempts to Overcome Major Resistance

The KAS price has recorded a series of higher highs and higher lows over the past few days, forming an ascending price channel. Currently, the crypto faces a crucial resistance level at $0.2039. A 4-hour candle close above this threshold within the next 12 hours could propel KAS to the next barrier at $0.2144.

However, a rejection at $0.2039 could halt the bullish trend, potentially leading to a sell-off that could push KAS out of its positive price channel. Subsequently, it could drop below $0.1955 and towards $0.1861.

Mixed Technical Signals Offer Uncertainty

Technical indicators on KAS's 4-hour chart provide mixed signals. The Moving Average Convergence Divergence (MACD) indicator suggests that the altcoin's positive trend may be waning, while the Relative Strength Index (RSI) indicates that buyers are accumulating strength against sellers.

The MACD line has recently approached the MACD Signal line, warning of a potential bearish reversal. Despite buyers preventing a crossover, the narrow gap between the two lines raises concerns.

RSI readings have dropped from 68 to 62, signaling a decrease in buyer strength. However, the indicator remains above the 50 mark, indicating that bulls still hold an advantage. Moreover, the RSI slope has turned positive, suggesting that the positive trend could continue over the next 24 hours.

Investors Await Clear Direction

Given the conflicting signals from the MACD and RSI indicators, investors are advised to observe KAS's price action around the $0.2039 resistance level before making a trading decision. A 4-hour candle close above this barrier could signal the continuation of the bullish trend, while a failure to close above this mark could indicate a reversal.

Hype Surrounds Pepe Unchained (PEPU) ICO

While investors await clarity on KAS's trend, they are actively participating in the bumper initial coin offering (ICO) of Pepe Unchained (PEPU). As an advanced iteration of the popular PEPE token, PEPU aims to address the limitations of the original meme coin, which currently resides on the congested Ethereum blockchain.

Pepe Unchained will introduce its own layer-2 network to significantly increase transaction speeds and reduce costs compared to Ethereum. Investors will also benefit from seamless asset transfers between Ethereum and the Pepe Unchained blockchain, enjoying both speed and security.

Positive investor sentiment surrounding PEPU is further fueled by the hefty 288% APY offered to presale buyers. To participate in the ICO, investors can acquire PEPU tokens through the buy widget on the project's website. With a price hike approaching in less than 14 hours, buyers are encouraged to act promptly for the best deal.