A video from What Is Crypto? discussed the current state of Kaspa (KAS) as its price has dipped by nearly 30% over the last four weeks. The crypto analyst provided insights into the token’s price action, potential future movements, and whether current holders should consider selling.
What you'll learn 👉
Kaspa’s Current Price Action and Outlook
The analyst outlined that Kaspa has experienced a cycle characterized by a “massive pump, descending triangle, breakout,” followed by periods of consolidation. Recently, the price has fallen below the critical 14-cent range, oscillating between 12.3 and 13 cents.
He indicated that a final downward move might occur, with temporary dips potentially reaching around 12.2 to 12.3 cents. However, he views this lower range as a transient phase.
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Show more +He discussed the importance of the 13-cent mark as a critical trendline support. Even if the price dips below this level, the analyst reassured viewers that he does not find this concerning, as it is part of the normal price action.
Should Holders Sell Kaspa?
Despite the current dip, the analyst made it clear that he has no intention of selling Kaspa. He remains highly bullish on the token for the long term, describing it as his largest holding.
He expressed confidence that Kaspa could reach between $1 and $4 in the current market cycle.
The analyst views the current price range around 13 cents as a great buying opportunity, suggesting that holders could see returns of 10x to 30x over the next 6 to 12 months.
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He noted that even amid a broader sell-off in the crypto market, Kaspa’s price action aligns with long-term bullish trends. He anticipates explosive price movements driven by trends in Bitcoin dominance and the overall crypto cycle.
The analyst praised Kaspa’s team, technology, and community, emphasizing his continued confidence in the project. In summary, he strongly advised against selling Kaspa at its current price, urging holders to consider buying additional tokens instead, as he is optimistic about significant future gains.
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