Kaspa Traders Eye These Levels as Exhaustion Looms After Parabolic Run

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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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

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