$KAS SUPPLY SHOCK THAT COULD FLIP THE DOWNTREND โก
Entry: $0.0268 โก
Target: $0.0325 ๐
Stop Loss: $0.0255 ๐
๐ The weekly story is textbook: KAS rejected the $0.0290โ$0.0300 shelf again and slid back to $0.0268. Lower highs, lower lows โ sellers own the short-term trend. ๐ RSI at 35.17 is creeping toward oversold, but no bullish divergence has fired yet.
โก Enter the August 5 block reward reduction. Less miner supply entering circulation tightens the sell-side valve right as price sits on a demand zone. A daily close above $0.02983 opens the path toward $0.0325 and $0.0350 โ with $0.041 on the table if momentum compounds. ๐ฏ The catch? Volume sits at a paltry 0.606% of market cap. Buyers need to show a real footprint, not just community optimism. ๐ก
๐ฌ Does KAS hold $0.0265 and convert this supply shock into a breakout โ or does it sweep $0.0255 first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #KAS #Kaspa #SupplyReduction #Crypto #TradingSetup
๐ฏ ๐ฆ
Entry: $0.0268 โก
Target: $0.0325 ๐
Stop Loss: $0.0255 ๐
๐ The weekly story is textbook: KAS rejected the $0.0290โ$0.0300 shelf again and slid back to $0.0268. Lower highs, lower lows โ sellers own the short-term trend. ๐ RSI at 35.17 is creeping toward oversold, but no bullish divergence has fired yet.
โก Enter the August 5 block reward reduction. Less miner supply entering circulation tightens the sell-side valve right as price sits on a demand zone. A daily close above $0.02983 opens the path toward $0.0325 and $0.0350 โ with $0.041 on the table if momentum compounds. ๐ฏ The catch? Volume sits at a paltry 0.606% of market cap. Buyers need to show a real footprint, not just community optimism. ๐ก
๐ฌ Does KAS hold $0.0265 and convert this supply shock into a breakout โ or does it sweep $0.0255 first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #KAS #Kaspa #SupplyReduction #Crypto #TradingSetup
๐ฏ ๐ฆ