Kaspa (KAS) just rolled out one of its most anticipated upgrades, Crescendo. This upgrade brought improvements to its already speedy blockchain, making it even more scalable and technically impressive. You’d think a move like that would set off a price rally, right?
Not this time. Despite the bullish sentiment and chatter across X and crypto forums, the market response was underwhelming, even disappointing. Instead of a pump, Kaspa’s price action turned south.
This disconnect between big news and price movement raises an uncomfortable question: is the market simply not interested in Kaspa anymore? The harsh truth is that price doesn’t lie and right now, the charts aren’t looking great.
Traders were hoping that Crescendo would act as a catalyst to break above $0.11, a key resistance level. But Kaspa failed to deliver. In fact, it dropped closer to the $0.08 zone, a critical support level that, if lost, could trigger an extended bearish phase.
Kaspa processed 300,000 transactions yesterday, coinciding perfectly with the recent Crescendo upgrade. This significant boost showcases enhanced network efficiency, scalability, and user engagement.
— Kaspa Daily (@DailyKaspa) May 6, 2025
The Crescendo upgrade is clearly living up to its name, accelerating Kaspa’s… pic.twitter.com/IefmXFghdi
Technically, Kaspa is flashing several red flags. The 50-day moving average has been lost, and the infamous death cross, where the 50-day crosses below the 200-day, remains intact. This pattern often signals prolonged weakness.
Even more concerning, the market has ignored several previous “bullish” moments like the Kraken listing and the KRC narrative. Each time, traders got excited, only to see the price collapse. The current silence after Crescendo feels all too familiar.
The real issue here might be emotional trading. Many in the Kaspa community are still treating it like a revolutionary project, when in reality, it’s just another asset to be traded with caution.
The original analysis comes from a YouTube video by the crypto analyst known as Crypto MindSet, who emphasizes that emotions belong in your personal life, not in your trading account. Whether you’re in with $1,000 or $100,000, the rules are the same: trade the chart, not the hype.
So, what now? All eyes are on the $0.08 to $0.11 range. If Kaspa breaks and holds above $0.11, we could see real momentum and possibly the start of a new bull market. But if it dips and closes below $0.08, traders might be in for a long, dull stretch or worse, a deeper downtrend.
The bottom line? Crescendo might be impressive tech, but price action is king. And right now, the market seems to be ignoring the music.
Read also: Forget Price – This Metric Shows Kaspa Is Quietly Beating Litecoin
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