KAS has been reaching new lows, currently trading at $0.087 with around a 20% dip in the last six days. Some analysts believe this could be a prime time to enter the project and buy the KAS dip.
One of the analysts is King Crypto. The technical analyst, who has more than 25,000 followers, thinks that buying the current dip is an opportunity to secure KAS under the $0.10 mark.
“I was wrong about my previous Kaspa projections,” King Crypto admitted in his latest technical breakdown of the KAS/USDT trading pair. “Apparently we got one more chance to buy KAS below $0.1, and honestly, I can’t complain.”
The daily chart reveals a series of major resistance levels that have constrained KAS price movement. These barriers sit at approximately $0.175, $0.158, $0.142, and $0.125 – all points where sellers have consistently emerged to cap upward momentum.
On the support side, the chart shows a bottom level near $0.081. This has served as a key foundation during the current downtrend. More recently, KAS has shown promising signs of accumulation around the $0.09 level, a development that King Crypto views as potentially significant.
What you'll learn 👉
What Indicators Are Saying About KAS Price
Both the 50-day moving average (depicted as a blue line) and the 20-day moving average (yellow line) are trending downward, signaling bearish momentum in the near term. This bearish outlook is further confirmed by the MACD indicator, which shows the MACD line sitting below the signal line.
Despite these near-term headwinds, King Crypto maintains a strongly optimistic long-term view on Kaspa price. “The longer the accumulation, the bigger the pump,” he noted, suggesting that the current consolidation phase could be setting the stage for a substantial breakout in the future.
The analyst’s conviction stems from his belief in Kaspa’s fundamentals. “As I’ve said before, the price of a token will always catch up with the utility,” King Crypto emphasized. “As long as the Kaspa team stays building, I know that we’ll be counting KAS prices in dollars soon, no more in cents.”
This perspective aligns with the technical analysis showing that KAS has been in a downtrend since reaching peak values in December 2024. Following a brief rally in early February, the token failed to reclaim previous highs and has since resumed its decline.
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Key Levels to Watch
For traders watching key levels, the $0.081 to $0.09 range represents crucial support that, if maintained, could serve as a launching pad for future growth. Conversely, the $0.11, $0.125, and $0.142 marks represent immediate resistance barriers that must be overcome for any meaningful trend reversal.
King Crypto’s revised outlook suggests that while KAS may experience short-term bearishness, the current price action represents an accumulation phase that could precede significant upward movement. However, a break below $0.081 would signal increased downside risk and potentially invalidate this bullish thesis.
With his eyes firmly fixed on the dollar milestone for KAS, King Crypto remains confident that Kaspa’s ongoing development and increasing utility will eventually drive prices above $1
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