FxWirePro- KASUSD(Chart of the day)

Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world. Kaspa is a proof-of-work cryptocurrency that implements the GHOSTDAG.

GHOSTDAG -

PHANTOM, is a proof-of-work-based protocol for a permissionless ledger that generalizes Nakamoto's blockchain to a direct acyclic graph of blocks (blockDAG). It is a protocol that generalizes Nakamoto's longest-chain protocol.

Main features -

Transactions per second 300

Block time - 10 seconds

KASUSD performed well in the past two days

Any daily close above $0.20 confirms further bullishness.

ARUSD has gained more than 12% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $0.150 and is currently trading around $0.1490.

The bullish invalidation can happen if the pair closes below $0.070. On the lower side, the near-term support is $0.1280. Any break below targets $0.1150/$0.100.

The immediate resistance stands at around $0.20. Any breach above confirms bullish continuation. A jump to $0.25/$0.30 is possible. A surge past $0.30 will take it to $0.50.

It is good to buy on dips around $0.100 with SL around $0.070 for TP of $0.250.

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