The standout altcoin Kaspa (KAS) has impressed traders by continuing to hit new highs amid the bear market. However, signs of exhaustion have emerged that could precede a pullback, according to analysts.
Crypto trader Mags spots dissipating momentum and expects KAS to revisit the $0.029 area to allow buyers to reset. She notes her willingness to miss further upside in favor of anticipating a correction to a more attractive accumulation zone.
Meanwhile, another analyst asserts $0.044 represents a generational opportunity given a highly bullish long-term outlook calling for $4.40+ KAS by 2025. This exemplifies differing views on ideal entry points.
More conservatively, Marco Johanning eyes are creating a higher low to hold the current line, with $0.03 representing critical support. A breach below that level opens up downside risk. But defiance of a bear trend reversal keeps short-term hopes alive.
The discourse highlights tactical considerations around maximizing value amidst a potential KAS pullback. For highly convicted holders, dollar cost averaging seems prudent to balance long-run upside.
Overall, KAS remains in an interesting risk/reward position following its parabolic advance. With upside momentum fading, price action may soon determine whether lower levels draw renewed interest or deeper capitulation transpires.
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