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Kaspa Crypto (KAS) Erased Its Weekly Profits: Will It Slump More?

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Kaspa Crypto (KAS) Erased Its Weekly Profits: Will It Slump More?
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Kaspa crypto price registered miniscule gains in the first three sessions of the current week. However, the bears have returned to lower levels. Over the last two sessions, the price faced steady selling pressure. 

Moreover, the combined price analysis over the past several sessions shows that the KAS crypto experienced volatility and implied a sideways trend outlook. The bulls and bears are in a tough fight but none ruling the price trend at the moment. 

Kaspa cryptocurrency works on proof of work mechanisms. It can process transactions faster than most of the other coins with security. Moreover, it also has a unique way of reducing the coins based on the musical scale.  

Kaspa Crypto (KAS) Erased Its Weekly Profits: Will It Slump More?

Kaspa Crypto Price Technical Analysis

The chart shows that KAS/USD reversed after a bull run and turned bearish since mid-November 2023, making lower highs and lower lows. Moreover, the bulls tried to catch the trend near the 20-Day EMA but failed and the crypto resumed fall.

The price has also been respecting the Fibonacci extension levels, which were derived from the swing high of $0.1539 and the swing low of $0.0899. The 61.8% extension level of $0.013 has been acting as a significant resistance zone as the crypto suffered rejection multiple times.

Furthermore, on the lower side lies the 50-Day EMA which is halting the further decline, thus forming a consolidation range. Investors and traders need to keep a watch on the range as the breakout or breakdown may decide the further trend. 

Moreover, the breakout may resume the broader term trend which is positive. The breakdown may indicate a possible trend change and the price may experience further fall in the price.

Kaspa Crypto Prediction January 2024

Kaspa Crypto (KAS) Erased Its Weekly Profits: Will It Slump More?
KAS/USD Chart by TradingView

As per the most optimistic view of our analysts, the KAS coin price could reach a high of $0.135 by the end of the month. The bearish view of analysts hopes for a breakdown below the recent support after which the price may drop to a low of $0.0936. 

Kaspa Crypto Price Prediction 2024

The price prediction for 2024 shows that Kaspa crypto may advance to a high of $0.196 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $0.164 by the end of year 2024.

Kaspa Price Prediction 2025

By the next two years, the Kaspa cryptocurrency price may attain higher highs if the positive trend continues to prevail. On the most optimistic note, the price may attain $.282 suggesting an upside potential of 148.43%. The most pessimistic view assumes the price to reach $0.213 by the end of the financial year 2025.

Kaspa Price Prediction 2026 

The price prediction for the year 2026 shows that the crypto could attain a high of $0.341 as per the most positive view of our analysts. The most negative view of the analysts assume that the price could reach $0.271 by the end of financial year 2026.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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