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.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

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.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency