The Kaspa (KAS) market has seen a shift as a prominent whale increased its holdings while the broader market experienced a sharp correction. The accumulation by Whale #5, also known as the “Mysterious Whale,” and the market downturn have sparked discussions on Kaspa’s future price trajectory.
Crypto analyst @Crypt0Proselyte highlighted that Whale #5 purchased an additional 11 million KAS, bringing its total holdings close to half a billion tokens. Historically, this whale has acquired Kaspa in smaller increments of 2 to 3 million tokens.
Whale #5 , aka , The Mysterious Whale , bought another 11m $KAS today , now it's holding almost half a billion #Kaspa .
— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) February 4, 2025
What's particularly interesting is that this whale typically buys in smaller chunks, around 2 to 3 million $KAS, but today's purchase shows a clear… pic.twitter.com/m5ohKqpbWg
However, the latest buy indicates a more aggressive accumulation strategy, suggesting a strong conviction in the asset’s long-term potential. @Crypt0Proselyte speculates that the whale views current price levels as an opportunity for strategic positioning ahead of a potential market rebound.
What you'll learn 👉
Kaspa Price Drop Presents Buying Opportunity
Amid the whale accumulation, the broader Kaspa market has experienced a steep decline. @Dark__Horseman noted that the price dip to the $0.07–$0.08 range has prompted buying interest.
Many investors see this as an opportunity to accumulate before the next potential rally. The analyst emphasized patience, advising traders to deploy capital wisely as market conditions stabilize.
The dump on $KAS was brutal, but the opportunity it presented was even bigger.
— Dark Horseman (@Dark__Horseman) February 4, 2025
I've seen people go all-in around $0.07–$0.08, and honestly, why wouldn’t they? @KaspaCurrency still has strong potential for a solid run once the market recovers.
Right now, everything is in the… pic.twitter.com/tJAMB5i8rD
Kaspa trades about $0.09889 at press time according to CoinGecko. This marks a 3.17% and a 19.08% drop over the past day and week. Technical indicators confirm a bearish trend, with the price breaching the immediate support zone of $0.12570–$0.12816.
The next critical support level lies between $0.09716 and $0.09900, where the price is hovering. A further breakdown could push KAS toward $0.07–$0.08, aligning with market expectations.
Resistance levels include $0.14496, which coincides with the 50 EMA, and $0.17926, where sellers may emerge. The all-time high of $0.20995 remains a long-term target, contingent on renewed bullish momentum.
Read also: Whale Activity Could Signal a Lido DAO (LDO) Price Surge – Here’s What to Watch
Market Sentiment and KAS Future Outlook
Indicators suggest that Kaspa is in oversold territory, with the Stochastic RSI nearing zero, signaling a potential relief bounce. The Volume Profile analysis shows activity between $0.125 and $0.140, indicating strong resistance at higher levels.
While sentiment remains bearish in the short term, long-term holders are accumulating, expecting a market turnaround.
Traders remain divided, with some anticipating further downside if support fails, while others view current prices as an entry point for long-term gains. With whale accumulation and oversold indicators, Kaspa’s next move is worth watching out for.
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