The price of Kaspa (KAS) currently sits at $0.09. However, crypto analyst Som Paul believes now marks a “last opportunity” buying opportunity before an extended bull run kicks off.
Key Support Level Holding
In a recent tweet, Som Paul explained why he expects KAS to bounce from current levels. While a further drop of around 10% could eventuate in the short term, he sees $0.081 as an area of firm support.
“Key is patience, we might go a little bit lower (10%) but that will be the lowest I can see,” said Som Paul about KAS price outlook.
Major Catalysts Aligning
Beyond holding key support, Som Paul expects a number of catalysts to drive momentum back behind KAS over the coming two months:
- Mainnet upgrade to 10k transactions per second
- Potential Binance and Kraken listings
- Smart contract/DagKnight update
- Exploding network hashrate
- Bitcoin halving renewed crypto hype
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Show more +With this fundamental backdrop in place, Som Paul expects KAS to break out, retest previous highs, “and then mooning from there until 40 cts with the next bottom around 28 cts!”
Last Chance to Buy Sub 10 Cents
Given the confluence of bullish technical and on-chain signals, Som Paul used the opportunity to add to his KAS holdings around $0.09. Moreover, he strongly believes now marks the “last opportunity in your life to get $KAS under 10 cents.”
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