Kaspa price action lately has been rough to watch. After a rally earlier this month, things have started to cool off again. The KAS price nearly doubled during that run, but once it got close to the big resistance level around $0.10, it hit a wall. Since then, the momentum has faded.
At the time of the post, Kaspa is trading around $0.088, down nearly 20% from the recent high, with just yesterday seeing a sharp 9% drop. Unless something big sparks new interest soon, things could continue drifting downward
What you'll learn 👉
What’s Going On With Kaspa Right Now?
The mood has clearly shifted. For a while, it looked like Kaspa had found new life, but that excitement hit a ceiling. The $0.10 mark has proven tough to break in the past, and this time was no different. When Kaspa couldn’t push through, the sell pressure came back fast. Now people are watching closely to see if it will bounce, or just keep sliding.
But here’s the interesting part. Despite the scary chart, the Kaspa community is still incredibly confident. In fact, some voices in the space are saying this dip might actually be a good test of belief in the project.
What Analysts Are Saying
One of those voices is HoveR, who described this moment as “the hardest hold we’ve ever faced as Kaspians.” But it’s not because of fear or doubt. Quite the opposite. He believes Kaspa is something special, something with real staying power.
This is, without a doubt, the hardest hold we’ve ever faced as Kaspians.
— HoveR 𐤊🦈 (@xImHoveR) April 30, 2025
Not because we’re unsure – far from it. We hold the superior model in our hands, and deep down, we know it. We see the vision, the innovation, the brilliance of what Kaspa represents. But watching the rest… pic.twitter.com/3Zu5OD7OYA
He talks about how Kaspa is built differently, decentralized, scalable, and fairly launched, running on pure Proof-of-Work. No shortcuts, no gimmicks. Just clean architecture and long-term vision.
HoveR also makes a bold point. He thinks the real reason Kaspa hasn’t exploded yet is because it threatens the big players. According to him, once Kaspa breaks into the spotlight, it won’t just compete, it will change the game.
He sees this not just as a crypto token, but as a movement. And while the rest of the market may be slow to catch on, the conviction among long-term holders hasn’t faded.
What the Market Data Shows
There are also some signals on the technical side that things might not be as bad as they look. Kaspa Daily reported a rise in open interest across major exchanges in the last few hours. At the time of the post, funding rates are still positive.
That means most traders are still betting on the price going up, not down. A jump in open interest with positive funding often suggests that more people are opening long positions. It’s not a guarantee of a rebound, but it shows there’s still some optimism out there.
Read Also: How High Can Kaspa (KAS) Go This Bull Run? Analyst Weighs In
Should You Hold On?
That really depends on your outlook. If you’re only in it for the short term, this recent dip might make you nervous. Kaspa price is sitting under strong resistance, and unless something new pops up, it might keep struggling to gain traction. But if you believe in what the project is building, this might just be another one of those moments that shakes out the weak hands.
At the time of the post, Kaspa might not look great on the chart. But to those who see the bigger picture, that doesn’t tell the whole story. Sometimes the most promising projects take the longest to be recognized and this could be one of those stories in the making.
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