Technical Analysis – KASPA/USDT (1D)
Trend Structure & Price Action
KASPA experienced a strong bullish rally (highlighted in orange) starting in mid-April, followed by a descending channel (bullish flag) correction (highlighted in green).
Currently, the price is approaching major support zones, indicating a potential reversal opportunity.
Support & Buy Zones (Marked)
Buy Spot 1: ~$0.062–$0.067 → Key historical support, potential bottom range.
Buy Spot 2: ~$0.070–$0.075 → Moderate support, former resistance turned support.
Buy Spot 3: ~$0.078–$0.081 → Current local demand zone and trendline interaction.
These zones represent incremental buying opportunities during correction.
Indicator Analysis
Market Cipher / Divergence Indicators
Multiple bullish divergence signals are forming (green dots), suggesting buyer interest is growing.
Momentum is in deep negative territory and may be bottoming.
RSI (14)
RSI is at 32.95, which is approaching oversold territory (below 30), signaling a potential reversal.
Money Flow Index (MFI)
MFI is at 19, which is also considered oversold, showing capital is leaving but likely nearing exhaustion.
Stochastic RSI
Stochastic RSI is below 10 (6.22) and starting to cross, indicating a strong potential bullish reversal in the short term.
Trading Plan – KASPA/USDT (Spot Strategy)
Entry Strategy (DCA)
Buy Spot Entry Range Allocation Reason
Spot 1 $0.062 – $0.067 50% Major long-term support, deep oversold zone
Spot 2 $0.070 – $0.075 30% Mid-range support, confirmation zone
Spot 3 $0.078 – $0.081 20% Early entry for aggressive traders
Risk Management
Stop Loss (optional): Below $0.060 (break of long-term structure)
Average Entry (if all 3 zones are filled): ~$0.071 (estimated)
Capital Allocation: Use max 3–5% of total capital per setup for risk control.
Profit Targets
Target Level Price Rationale
TP1 $0.092 – $0.095 Top of descending channel
TP2 $0.105 Previous swing high (April peak)
TP3 $0.120 Breakout and continuation target
KASPA is currently in a healthy correction within a bullish continuation pattern (falling channel). The confluence of oversold indicators (RSI, MFI, Stoch RSI), support zones, and bullish divergence suggests a favorable buying opportunity for swing or position traders. If the price respects these zones, a bounce toward the prior high or breakout levels is likely.
Trend Structure & Price Action
KASPA experienced a strong bullish rally (highlighted in orange) starting in mid-April, followed by a descending channel (bullish flag) correction (highlighted in green).
Currently, the price is approaching major support zones, indicating a potential reversal opportunity.
Support & Buy Zones (Marked)
Buy Spot 1: ~$0.062–$0.067 → Key historical support, potential bottom range.
Buy Spot 2: ~$0.070–$0.075 → Moderate support, former resistance turned support.
Buy Spot 3: ~$0.078–$0.081 → Current local demand zone and trendline interaction.
These zones represent incremental buying opportunities during correction.
Indicator Analysis
Market Cipher / Divergence Indicators
Multiple bullish divergence signals are forming (green dots), suggesting buyer interest is growing.
Momentum is in deep negative territory and may be bottoming.
RSI (14)
RSI is at 32.95, which is approaching oversold territory (below 30), signaling a potential reversal.
Money Flow Index (MFI)
MFI is at 19, which is also considered oversold, showing capital is leaving but likely nearing exhaustion.
Stochastic RSI
Stochastic RSI is below 10 (6.22) and starting to cross, indicating a strong potential bullish reversal in the short term.
Trading Plan – KASPA/USDT (Spot Strategy)
Entry Strategy (DCA)
Buy Spot Entry Range Allocation Reason
Spot 1 $0.062 – $0.067 50% Major long-term support, deep oversold zone
Spot 2 $0.070 – $0.075 30% Mid-range support, confirmation zone
Spot 3 $0.078 – $0.081 20% Early entry for aggressive traders
Risk Management
Stop Loss (optional): Below $0.060 (break of long-term structure)
Average Entry (if all 3 zones are filled): ~$0.071 (estimated)
Capital Allocation: Use max 3–5% of total capital per setup for risk control.
Profit Targets
Target Level Price Rationale
TP1 $0.092 – $0.095 Top of descending channel
TP2 $0.105 Previous swing high (April peak)
TP3 $0.120 Breakout and continuation target
KASPA is currently in a healthy correction within a bullish continuation pattern (falling channel). The confluence of oversold indicators (RSI, MFI, Stoch RSI), support zones, and bullish divergence suggests a favorable buying opportunity for swing or position traders. If the price respects these zones, a bounce toward the prior high or breakout levels is likely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.