Kaspa Holds Above Key $0.1 Support After Breakdown Move, Analyst Shares When KAS Will Breakout

Decentralized blockchain project Kaspa has maintained a key area of support as the cryptocurrency pauses following an explosive surge in 2023. According to analyses by various experts, the ongoing consolidation provides opportunities for long-term investors.

Trader Teshkid notes how KAS appears to be finding bids above critical support held near $0.10:

“Kaspa is slightly holding above support at $0.1 after a breakdown move. On loosing this support watch for a breakdown move $0.08040 as the next target area. On holding $0.10 expect a bounce to $0.115 as the next target.”

Likewise, fellow analyst Nonfungible believes patience will be rewarded for KAS holders awaiting the next high-timeframe breakout. He also mentioned that a breakout might come by mid- or end-February.

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Elsewhere, trader CryptoOG reflects on Kaspa’s meteoric growth year-to-year that delivered 1590+% returns for investors. And with a $10,000 position, further room exists for substantial upside this cycle, according to CryptoOG’s estimates. Additionally, he mentioned that $3–$5 is very doable for Kaspa with bullish catalysts. He also shared a chart explaining the value when the KAS price goes higher.

In summary, although Kaspa faces near-term consolidation and potential volatility risk, its parabolic upside, constructive long-term technical posture, and growing ecosystem adoption continue to attract optimistic projections.

The recent pullback represents a healthy mean reversion before the next sustainable impulsive wave, according to many analysts and holders. As long as KAS avoids a decisive breakdown below $0.10, its outlook remains net positive, with upside targets revised substantially highe. Patience and risk control remain prudent virtues during this period of rangebound consolidation coming off a historic move.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency