Kaspa’s (KAS) has shown a solid performance in the market over the past week, with its price increasing by 13.19%. As of the time of writing, it is trading at $0.1716. Analysts are now speculating on the potential value of Kaspa tokens by the end of the 2024 bull run, given its recent gains.

Crypto Analyst “@Crypto Kai” recently shared a detailed video with his 5.5k YouTube subscribers, offering a $KAS price prediction and analysis for the upcoming 2024 crypto bull run. Here’s a summary of his insights.

Kaspa’s Current Market Position

According to Crypto Kai, Kaspa has been performing well, bouncing off its 200-day Exponential Moving Average (EMA), a key technical indicator. The token has been trading within a range of $0.15 to $0.19. While it may soon face resistance around the $0.20 mark, the analyst predicts a possible short-term dip.

This potential dip is linked to Bitcoin’s historically weak performance in September, which could affect the broader market, including altcoins like Kaspa.

Image Source: TradingView

Despite some fluctuations, Kaspa has maintained strong support at $0.10 over the past few months. While other altcoins have experienced significant drops, Kaspa’s price has remained relatively stable. This resilience suggests that Kaspa could perform well once the market rebounds after September.

Predictions for Kaspa’s Price During the Bull Run

Crypto Kai outlined several potential scenarios for Kaspa’s price during the next bull run. In a bearish scenario, he predicts Kaspa could reach between $0.60 and $1. A more likely outcome, according to him, is a price range of $1 to $2.50. In the most optimistic scenario, Kaspa could hit $4, though this is considered less probable.

To mitigate risk, the analyst suggests a strategy of selling portions of Kaspa holdings at different price points. This approach allows investors to lock in profits while minimizing the risk of losing out if the price doesn’t reach its highest potential.

Source: captainaltcoin.com