The price of Kaspa has been declining for some weeks. It has seen a close to 30% decline in 4 weeks. Kaspa, which has been a very volatile token in the past, did not impress throughout 2024. 2025 is also starting poorly for the token, which has raised questions about selling off KAS tokens.
To address some of these thoughts, a crypto analyst from the Money and I YouTube channel discusses his insights regarding the current KAS price path
The video highlights the current market landscape, noting Bitcoin’s dominance at 60% and its strong support level around $91,000. The creator points out the extreme volatility, with altcoins taking a substantial hit. Kaspa, in particular, broke through its previously solid support level of 10 cents, dropping as low as 7 cents – a price not seen since November 2023.
Strategic Approach to the Ongoing KAS Dip
The content creator emphasizes the importance of conviction in cryptocurrency investing. He warns against blindly buying dips and stresses the need for basic technical analysis. His key advice for Kaspa investors is caution.
Despite believing in Kaspa long-term potential and expecting it to “explode this cycle,” he recommends waiting to see the market’s direction before making any immediate purchases.
As of the video, Kaspa was trading around $0.108. The creator suggests that the $0.10 area could potentially become a resistance level if the market doesn’t recover. His personal strategy? Wait and see, avoiding purchases at the current price point to mitigate potential further downside.
Read Also: Here’s Why ONDO’s Price is Up Today
The most critical advice from the video is to remain patient and strategic. While the creator remains bullish on Kaspa’s long-term prospects, he advises investors to be cautious in the short term. The potential for another dip to the $0.07-$0.08 range exists, and timing is crucial.
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