Kaspa (KAS) Price Rises 13% in 24 Hours
Kaspa (KAS) was one of the top gainers among the top 100 cryptocurrencies on Tuesday. The token rose about 13% in the last 24 hours. This moved KAS from a weekly loss to a 12% gain.
The Proof-of-Work blockchain’s token climbed above the 20-day Exponential Moving Average (EMA) and broke out of a descending channel. KAS could rise to $0.065 but may face resistance at the 50-day EMA.
If KAS falls below the channel’s upper boundary, it might find support near $0.036. The Relative Strength Index (RSI) and Stochastic Oscillator are above neutral levels. The Stochastic Oscillator is near overbought, which could cause a short-term pullback despite strong bullish momentum.
Ethena (ENA) Gains 9% After $6.7 Million Token Purchase
Ethena (ENA) gained 9% in the last 24 hours, recovering losses from last week. The token belongs to a synthetic stablecoin protocol.
The recovery began after a wallet linked to Ethena Labs bought 25 million ENA tokens worth $6.7 million, as reported by Onchain Lens. The wallet has collected 286.15 million ENA tokens in three weeks.
ENA is testing resistance at the 20-day EMA and aims to reach the $0.37 level, supported by the 50-day EMA. Support is expected near $0.22, where the token bounced over the weekend.
The RSI and Stochastic Oscillator are trending upward, showing growing bullish momentum.
Quant (QNT) Surges 12%, Targets $95 Resistance
Quant (QNT) rose 12% in the last 24 hours, extending its weekly gain to 7%. The token moved above its 20-day and 50-day EMAs and is testing the 100-day EMA.
QNT found strong support near $70 over the weekend. It now aims to break $95 resistance, located just above the 200-day EMA. If it passes $95, the token might push toward $111.
On the downside, support is likely near $78 and crucial near $70. Both the RSI and Stochastic Oscillator remain above neutral, signaling solid bullish momentum.
