Technical analysis by Blockunity about Symbol KAS: Buy recommendation (2/11/2024)

Kaspa is in great spirits, with a run of over +40% in 5 days, and is now just a step away from its closing ATH!Does it need a breather, or will it break all the way up? Being rejected by the ATH should bring the price back towards $0.123 in the first instance, on the support indicated by our Pivot Identifier. But if we get a daily close above $0.145, then Kaspa could mark a new ATH.To find a target, we've plotted Fibonacci extensions of the last big move. Why not go for 1.618 in the medium term, towards $0.21!In the short term, a small retracement seems probable, as many indicators are currently overheating, as shown in our Ultimatyx Screener table.