$KAS Breaks Major Support: Potential Downside Ahead
#KAS/USDT #KAS #KASUSDT #Write2Earn! #BinanceSquareFamily
$KAS (KASUSD) has been under significant selling pressure, failing to maintain its recent highs over the past few months. The price recently **broke a key support trendline**, which had held for an extended period, indicating the potential for further decline.
Key observations include :
- Multiple rejections around the **$0.20 resistance level** signaled the buildup of selling pressure.
- The price has now dropped below a critical trendline, confirming a potential shift in market sentiment.
- We are currently watching the **Supply Zone between $0.1251 and $0.1291**. A rejection here could accelerate the downward move.
Short Entry Ideas :
- Entry 1 : Rejection from **$0.1291**.
- Entry 2 : Rejection from **4H SIBI at $0.1257**.
Targets :
- TP1 : $0.1183
- TP2 : $0.1079
- TP3 : $0.0915
If $KAS fails to reclaim these levels, we could see it test even lower **Major Demand Zones** in the coming days.
Conclusion :
The break below the critical trendline suggests that $KAS is facing continued bearish pressure. A rejection from the Supply Zone could lead to further declines, with targets ranging from **$0.1183 to $0.0915**.
Advice :
Traders should closely monitor how $KAS reacts within the **$0.1251-$0.1291 Supply Zone**. Consider placing **short entries** if a rejection occurs, and manage risk with appropriate **stop-loss** orders. Always stay informed and conduct your own research before entering a trade.