As we approach the highly anticipated Bitcoin halving in the coming days, the crypto community is gearing up for the next leg of the bull run.
In this article, we’ll analyze two prominent altcoins, Kaspa (KAS) and Cardano (ADA), and explore the potential price movements in the upcoming weeks. Simultaneously, we’ll introduce a new AI-crypto project, InQubeta (QUBE), which is currently in the final stage of its presale, having raised a remarkable $13.5 million.
Kaspa in the Descending Channel
Kaspa (KAS) is a cryptocurrency built on the GHOSTDAG protocol, aiming to be the fastest pure proof-of-work coin.
In late 2023, KAS experienced a parabolic run, with its price skyrocketing from $0.02 to $0.14. However, in 2024, the KAS price has slowed down, despite reaching a new all-time high of around $0.18 in mid-February.
Currently, KAS is trading in a descending channel, as seen on the KAS/USDT chart. The 20-day exponential moving average (EMA20) is at $0.13, indicating a potential support level.
The relative strength index (RSI) is at 51, suggesting a neutral market sentiment. The moving average convergence divergence (MACD) line is below the MACD signal line, hinting at a bearish momentum.
To regain its uptrend and reach new all-time highs, KAS needs to break out of this descending channel and continue its ascent towards the $0.18-$0.20 region.
The $0.10-$0.12 area has established strong support for KAS, as the price hasn’t dipped below this level in 2024. If KAS can maintain this support and eventually break out of the descending channel, it could pave the way for a renewed bullish surge.
Crypto Analyst Says ‘ADA Bull Run’ is Here
Cardano (ADA) is trading around $0.58, and a prominent crypto analyst, Trend Rider, with 19,000 followers on X, has shared a bullish outlook on the token.
Trend Rider believes that ADA’s “undeniable bull run is here,” citing a rare event where the token’s relative strength index (RSI) has crossed above its simple moving average (SMA), a pattern that has historically preceded significant price increases.
Trend Rider points to two previous instances of this RSI crossover event. The first crossover happened right after 2019, and it was a perfect signal as the price went parabolic right after and exploded once it crossed the parabolic line.
The second crossover occurred during October and November 2023, with a brief rejection before the bullish trend resumed.
According to Trend Rider, this RSI and SMA crossover is an “extremely reliable source to identify $ADA bull runs and bear markets at its early stages.” Trend Rider further explains, “The bearish crossover also perfectly anticipated the bear market, validating the strength of this indicator to predict Cardano’s long-term cycles.”
With the current RSI crossover event, Trend Rider concludes that Cardano is now on a clear bull market phase, stating, “According to this, $ADA it’s on a clear bull market phase.”
InQubeta (QUBE) enters the final stage of its crypto presale
InQubeta (QUBE) is a new project built on the Ethereum blockchain. Its goal is to enable AI-powered startups to raise funds and democratize AI investments. As a decentralized governance structure, InQubeta allows individuals to invest in projects they believe in, fostering an ecosystem that benefits all participants.
The QUBE token is a deflationary ERC20 token, with its supply gradually reduced through mechanisms like token burning or redistribution. This tokenomics model is designed to benefit QUBE holders and create a sustainable ecosystem.
InQubeta’s mission is to bridge the gap between traditional investments and the transformative world of AI, making AI-focused investments accessible to everyone.
The platform offers a user-friendly interface, a rewarding NFT marketplace, and an ambitious roadmap outlining future plans such as a launchpad, a swapping protocol, and an educational academy for crypto enthusiasts.
One of the key features of InQubeta is its tokenomics, which include a deflationary nature with a burn tax, staking rewards, and voting rights for token holders. QUBE tokens facilitate transactions between users and AI startups on the platform, allowing investors to participate in the growth of innovative AI-powered projects.
The NFT marketplace enables AI startups to offer investment opportunities in more accessible portions, catering to individuals with varying financial capacities and geographical locations.
InQubeta is currently in the final stage of its presale, having raised an impressive $13.5 million. This significant achievement highlights the growing interest and demand for AI-focused investment opportunities within the crypto space.
Conclusion
Kaspa and Cardano have both experienced price movements in the past, and the current market conditions suggest potential opportunities for investors when it comes to these 2 top altcoins.
While KAS is trading in a descending channel, it has established strong support and could be poised for a breakout if it can overcome the resistance levels. Cardano, on the other hand, appears to be entering a bullish phase, as indicated by the reliable RSI and SMA crossover signal.
Amidst the analysis of these two prominent altcoins, a new AI-crypto project, InQubeta (QUBE), is in the final stage of its presale, having raised an impressive $13.5 million.
As a decentralized platform dedicated to enabling AI-powered startups to raise funds, QUBE offers a potential opportunity for investors to participate in the burgeoning AI-crypto ecosystem.
Join InQubeta Presale
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