🚀 Kaspa (KAS) Market Update – Is a Reversal on the Horizon?
Kaspa (KAS) has been consolidating within a key support range ($0.047 - $0.083) after failing to break resistance at $0.113. The local downtrend is still in play, but a potential wave structure reversal could be forming.
🔍 Key Insights:
✅ Support Zone: $0.047 (38.2% Fib Retracement)
✅ Resistance Levels: $0.078 – $0.113 (Needs to Break for Bullish Confirmation)
✅ Current Price Pressure: Downward, with a possible fifth wave extension
📊 Technical Analysis:
Wave 4 Retracement Ongoing – Potential for one last dip before reversal
Break Above $0.078 – First sign of bullish strength
Key Fibonacci Level at $0.06 – Could act as short-term support
🔮 Price Outlook:
🚀 If KAS breaks $0.078, expect a rally toward $0.113 - $0.154
📉 If rejection happens, the 38.2% retracement zone ($0.047) could be tested before an uptrend
👀 Final Thoughts:
Kaspa remains in a crucial phase, with one more low likely before a potential breakout. Long-term holders should watch for trend shifts, while short-term traders should monitor key resistance zones for confirmations.
💬 What’s your take on KAS? Bullish or Bearish? Drop your thoughts below! 🔥
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