Kaspa needs to make a decision

٢١ ديسمبر ٢٠٢٣

Kaspa has recently been rejected from a 4hr resistance level and is forming an ascending wedge. It needs to break out above the 12 cent level and start holding above 13 cents before it is really looking like this downtrend is over. If it falls out of the ascending wedge, it will likely fall down to its support zone at 9.5-10 cents. If it could form a double bottom there and start making some higher highs, this could form a good foundation for a recovery.