Here’s why Kaspa is sliding

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Kaspa Slides 10.11% to $0.04 Today

Highlights

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Anton Kharitonov, expert at Traders Union, sees Kaspa locked in a pronounced bearish phase. He notes the asset is trading well below all major moving averages, with every technical indicator amplifying downside risk. Kharitonov highlights strong seller dominance, high volatility, and undefined support below current levels as major concerns. He is critical of the absence of any fundamental or news-driven catalyst for reversal. "Until clear buyers step in and price reclaims at least the $0.0507 level, Kaspa remains vulnerable to fresh lows," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, prefers to focus on forward opportunities despite short-term pressure. He views the oversold indicators as a potential setup for eventual stabilization, emphasizing that the crypto market often rewards patience at extreme points. Karapetjanc encourages investors to watch for a recovery above $0.0507, which could signal renewed momentum. He believes underlying market mechanisms may soon support a constructive phase if selling subsides. "Sharp pullbacks like this frequently create prime entry points for medium-term growth," Karapetjanc states.

Bearish momentum deepens as oversold signals and volatility intensify

Momentum signals on the daily chart remain bearish, with both the MACD and ADX giving Sell signals and confirming a pronounced negative trend. Oscillators register highly oversold conditions, with RSI at 34.16, Stoch RSI at 10.85, and CCI at –121.28, while the BBP shows sellers retain control. The Awesome Oscillator also aligns with the current downward momentum. Dynamic resistance is marked by the Ichimoku Kijun line at $0.0507, while support is undefined just below today’s lows. Volatility remains high, and price action is at the lower end of the intraday range ($0.04 – $0.0437), reflecting persistent bearish pressure.

Last time we reported that sellers maintained control as technical indicators flagged ongoing momentum. Previously it was noted that bearish signals continued to outweigh short-term gains in the market.

Source of Data: KAS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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