Indicators play a different role for Kaspa (KAS), which gained nearly 30 percent in value after reaching its lowest level.
Technical indicators like trend lines and Fibonacci levels can be invaluable tools when it comes to predicting the future course of a cryptocurrency like Kaspa (KAS). Testing these trend lines, especially the 0.236 Fibonacci level, is often interpreted as a signal of a downward move.
Kaspa (KAS) technical evaluation
For example, KAS reached a low at 0.012 before retracing to the 0.236 Fibonacci level. This was a sign for investors that KAS was moving in an uncertain price structure. Knowing that these levels are not determined randomly but are derived from mathematical ratios found in nature and proven to be valid for financial markets is one of the key elements of chart evaluation.
KAS, which touched the bottom a few days ago and frightened its investors, later recorded an effective performance of nearly 30 percent. KAS, where indicators and indicators are at the forefront due to the immaturity of its chart, is closely followed by many investors.
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