Das Gaslimit von Ethereum kletterte über 37 Millionen, wobei 47 % der Validierer einen Anstieg auf 45 Millionen befürworten.
JASMY pumps 15% to outperform the market, targets $0.034
Key takeaways
- JASMY is one of the top performers in the market, up 16% in the last 24 hours.
- The coin could rally towards $0.034 soon amid bullish momentum.
JASMY outperforms the market
Memecoins have been performing excellently over the past few days, with DOGE, SHIB, FLOKI, PEPE, and PENGU all rallying to new monthly highs. JASMY is not left out as the memecoin is up 16% over the last 24 hours.
At press time, JASMY is trading at $0.02008 and could rally higher in the near to medium term. Data obtained from CoinMarketCap revealed that roughly 53% of JASMY’s total circulating supply moved into whale wallets since the start of the month. In addition to that, exchange reserves dropped to their lowest point since 2024.
This combination of lower supply on exchanges and increased holdings by whales is creating a price squeeze. With fewer tokens available to buy, JASMY’s price is appreciating.
JASMY eyes the $0.034 resistance level
The JASMY/USD 4-hour chart is bullish but inefficient. The inefficiency could see JASMY grab liquidity around $0.01854 before preparing for another leg up. The technical indicators are extremely bullish thanks to its ongoing rally.
The Relative Strength Index of 70 shows that JASMY is heading into the overbought region. The Moving Average Convergence Divergence (MACD) lines are also within the positive zone, indicating a strong bullish bias.
The memecoin has also formed a double bottom pattern, which is generally viewed as a bullish reversal signal. The double bottom pattern’s neckline lies within the $0.0226–$0.024 range, with analysts looking at these key levels as confirmation of a breakout.
JASMY could be looking to hit the first major resistance level at $0.022387, which is also its 4.618 Fibonacci level. An extended rally would allow JASMY to hit the $0.025 resistance level over the next few hours. The February high of $0.03440 remains a medium-term target for the JASMY token.
On the flipside, JASMY could dip lower if the market encounters a correction. JASMY could retest the weekend’s low of $0.01640. However, an extended bearish performance would force the bulls to defend the TLQ and major support level at $0.01525.
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Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern
- KAS price is up 10% in 24 hours as Kaspa mirrors other altcoins’ gains.
- The cryptocurrency is also surging after seeing a double-bottom bounce with support near $0.05.
- Bulls could breach resistance around $0.12 and target the $0.18-$0.20 supply zone.
The Kaspa price has surged by 10% in the past 24 hours, reaching an intraday high of $0.105.
Notably, this has added to weekly gains of over 18% as Kaspa rides the bullish momentum, with top cryptocurrencies Ethereum, XRP, and Solana seeing notable gains.
BNB price has jumped to near its all-time high and could eye $1,000.
As these top altcoins eye key technical levels, Kaspa’s upward momentum is drawing significant attention. Both market dynamics and upcoming network developments suggest bulls may not be done yet.
Why is Kaspa price up today?
Kaspa’s price increase aligns with a robust altcoin market.
ETH, XRP, SOL, and BNB are all climbing toward critical resistance zones or all-time highs, adding to buying pressure for small-cap cryptocurrencies.
However, Kaspa’s rally is not solely tied to market-wide optimism.
A key driver is the growing anticipation surrounding the Kasplex mainnet, a significant step forward for the Kaspa Network, which is renowned for its high-speed, proof-of-work blockDAG architecture.
The Kasplex Layer 2 public testnet, dubbed Kasplex zkEVM, has officially launched, marking a pivotal milestone in Kaspa’s roadmap.
This fully Ethereum Virtual Machine (EVM)-compatible rollup leverages Kaspa’s Layer 1 (L1) for decentralized sequencing and data availability.
Kasplex zkEVM introduces several groundbreaking features. A full EVM equivalence allows developers to deploy Ethereum-native smart contracts with minimal adjustments.
With bridged KAS as the native testnet token, the protocol also allows for integration with standard EVM wallets like MetaMask.
Additionally, the testnet includes a live faucet, explorer, and expanding developer tooling, fostering an environment for building decentralized applications (dApps) and smart contracts on Kaspa.
This development positions Kaspa as a unique proof-of-work blockchain with Layer 2 smart contract functionality.
Its growth potential has sparked increased interest in the KAS token, contributing to its price surge.
KAS price: technical outlook
From a technical perspective, Kaspa’s price action is showing bullish signals. The KAS token has formed a double-bottom pattern, a classic reversal signal.
It indicates strong support in the $0.05-$0.06 range.
Kaspa price chart by TradingView
This bounce has propelled the price toward a key resistance level near $0.12.
According to the price outlook on the weekly chart, a decisive breakout above this level could open the door for buyers to target the $0.18-$0.20.
The area might prove a crucial supply zone, with the level aligning with previous highs from July and December 2024.
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