Kaspa price has dropped by about 30% over the past three weeks. That sounds rough, but there might be light at the end of the tunnel. A fresh chart shared by the “Our Crypto Talk” X channel suggests that this dip could be setting the stage for a bounce. According to the analyst, certain key patterns have repeated in the past few months, and they are flashing once again.
Right now, Kaspa is sitting around the $0.09 mark, holding onto support after falling more than 19% in just the last week. The same setup happened earlier in March, April, and again in early May.
Each time, the KAS price bounced back strongly afterward. What we’re seeing now is another example of what the analyst calls “overselling.” The RSI, or Relative Strength Index, is way below its average again. Historically, when this kind of gap forms, it usually leads to a recovery and possibly even a bullish breakout.
Support, RSI, and the Altcoin Opportunity
The KAS price has found strong support around $0.09 and $0.08. These levels also match the neckline from a previous double bottom pattern in April. That pattern, if it holds, could mean the downside pressure is nearly exhausted. The analyst suggests that this isn’t just random luck. He believes price action like this creates reliable opportunities if you know what to look for and act with proper strategy.
Read Also: Can SUI Price Hit $400? Analyst Reveals the Chart Pattern Everyone’s Watching
According to the breakdown, these signals work best for altcoins in the $1 billion to $20 billion market cap range. Kaspa fits right into that bracket. The argument is simple: when the broader market is driven by Bitcoin, altcoins like KAS tend to dip harder but they also tend to bounce harder too. That’s why many smart traders apply a DCA (dollar-cost averaging) strategy in moments like this. Instead of panic selling, they slowly accumulate as the price weakens, betting on an eventual recovery.
So, is it time to buy Kaspa again? The answer depends on your risk tolerance and how much you trust technical signals. But the metrics are hinting at a possible upside, and the KAS price might be setting up for its next breakout, just like it has done a few times already this year.
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