A legitimate crypto breakout requires both a price movement above previous resistance levels and a corresponding increase in trading volume; weak breakouts without volume often fail and cause the price to return to its previous trading range.
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Kaspa Breakout? Not Until THIS HappensAdded:
When I'm thinking about decentralized projects, projects that are all about decentralization, self-sovereignty, and being able to own your own money and not be censored or anything like that, Casper would be the next one I think of.
And if we take a look at the Casper chart, it's looking like it's about to have a potential breakout. The problem is we've got no volume here. It's a very, very weak breakout, and I don't really classify it as a legitimate breakout unless we can get above previous weekly high, which is 0.03 7.
We need to get above that, and we need to see an uptick in the volume for it to be classified as a legit breakout. As of the time being, it doesn't look like a legit breakout. It looks like a very weak breakout, and quite often when you have weak breakouts, you do end up regaining the range, okay? So, Casper's one on the radar, but I am looking for a spike in volume and a spike in price to give us that really clear and decisive breakout.
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