The broader crypto market is not giving us flowers at the start of Q4, likely due to the ongoing tensions in the Middle East. During this dip, the Kaspa price took a hit as well, plunging 5.5% and now trading around $0.15.
Of course, many crypto analysts still remain bullish on Kaspa, especially long-term. One of those is the popular channel “Crypto Banter,” which posted a viral Kaspa chart yesterday.
On their chart, we can see that Kaspa is in a long-term uptrend. They identified two buy zones – one at $0.14, which is in line with support lines from September and August.
If this level is breached, they identified another buy zone in the $0.10 range. Whoever has been following KAS for a longer period knows that this level acted as very strong support throughout the whole year.
Based on this chart, they also updated their Kaspa price prediction. Despite their anticipation that Kaspa might dip below $0.15 and towards those buying zones, they do expect a bounce in Q4 and a march towards the $0.185-$0.19 range.
The tweet accompanying the chart provides further insight into their analysis. As they note, “$KAS continues to build a strong longer-term position as part of the bull run.” They’re looking for a higher low to form around $0.15, which they mark as the next Dollar Cost Averaging (DCA) area of interest.
Crypto Banter also suggests that if the trend breaks, they’ll look to the $0.12 level for a potential bounce. Their strategy involves “DCA for a longer-term position” with an entry point at $0.15.
Despite Kaspa, What’s the Best Crypto to Buy the Dip?
One of the cryptocurrencies that are potentially interesting is PandaWorld’s PADW. This new meme coin is currently in presale, having raised $120,000 already.
PandaWorld also features a gaming component that includes a casino and a turn-based role-playing game (RPG) centered around six panda characters. PandaWorld operates on the Ethereum blockchain as an ERC-20 token. Users can stake their PADW tokens to earn rewards.
PandaWorld allocates a portion of the profits generated from its Play-to-Earn (P2E) games, online casino, and other content platforms to users who stake their $PADW tokens. Also, their casino is an integral part of its broader ecosystem, designed to offer a unique gaming experience while ensuring fairness and transparency through blockchain technology.
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