Technical analysis by chartzilla about Symbol KAS: Buy recommendation (11/8/2024)

Kaspa appears poised for a potential Coinbase listing, with a textbook falling wedge pattern on the weekly chart hinting at a bullish reversal as oscillators reset and momentum builds. As a fair-launch project, Kaspa maintains decentralization by having coins mined or traded openly. With KRC-20 sell pressure seemingly exhausted, bearish momentum has faded. Kaspa's robust Layer-1 tech stack and 10 BPS foundation are now established, strategically setting the stage for showcasing its scalable infrastructure and the introduction of smart contracts, aligning with a well-timed expansion strategy.