Technical analysis by CryptoPatel about Symbol KAS: Sell recommendation (4/29/2024)

#Kaspa Big Rise and Possible Drop: A Look at KAS/USDT- Current Price: $0.1177- Previous Analysis Outcome: 90% profit - Chart Insight: Since September 2022, Kaspa has demonstrated a significant rally, starting from $0.0013 and peaking at $0.189744 by February 2024, marking an impressive 142x increase over 16 months.- Current Observations:Bearish Signals: The 3-day chart shows a breakdown and retest of the bear zone for KAS indicating a potential major dump ahead.- Key Levels to Watch:Resistance: The green line at $0.143. Remaining below this level may strengthen the bearish trend.Support: The $0.1 level is crucial. A dip below this could potentially drive prices down to $0.036 and $0.013.- Chart Invalidation:An upward breach above $0.189 could invalidate the bearish outlook and signal a continuation of the uptrend.- Trading Strategy:Traders should monitor the $0.143 resistance closely. A sustained position below this level could be a cue for a bearish stance.Keep an eye on the $0.1 support. Breaching this level might open up lower targets.Stay cautious and trade wisely!If you Agree and like My Analysis please RT/Like & Drop your view in Comments.