Kaspa Moves Similar to Solana in the Last Cycle, Analyst Shares Next Area of Interest for KAS
Cryptocurrency trader Max delves into the intricate parallels between Kaspa (KAS) and Solana (SOL), acknowledging the inherent unpredictability of market fractals.
Max asserts that markets are driven by psychology, echoing historical patterns. The focus shifts to Kaspa, poised to make waves as it inches towards the formidable $10 billion market cap territory, a threshold that demands attention.
Drawing parallels to Solana’s past trajectory, Max observes intriguing similarities in the current movements of Kaspa, emphasizing that, although fundamentally distinct, the fractal mirrors the psychology of price acceptance and broader technological adoption.
The spotlight then turns to the technical analysis of Kaspa, with Max pinpointing the 2.618 Fibonacci extension as the next pivotal area of interest, ranging between $0.35 and $0.40.
Drawing a parallel with Solana’s history, Max notes that Solana underwent a re-accumulation phase under the same Fibonacci extension before its spectacular parabolic surge in 2021.
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Show more +However, Max advocates for flexibility in analysis, acknowledging the need to adapt to new information. As of the present moment, the key metric is the 1.618 Fibonacci extension on Kaspa. Should it hold, Max foresees a swift entry into the next markup phase. A final reminder and disclosure underline Max’s conviction in Kaspa, disclosing aggressive accumulation actions at prices below $0.13.
Max’s insights shed light on the nuanced interplay between psychological dynamics, historical echoes, and technical analysis, offering a roadmap for navigating the intricate landscape of Kaspa and its potential ascension.
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