A recent video from *What Is Crypto?* analyzed the current situation surrounding Kaspa (KAS), noting that the token’s price has dropped by nearly 30% over the past four weeks. The crypto analyst shared insights into the token’s price movements, potential future trends, and whether holders should consider selling their positions.
Kaspa’s Price Action and Future Outlook
The analyst explained that Kaspa has been following a pattern involving a “massive pump, descending triangle, breakout,” followed by consolidation phases. Recently, the price has dropped below the critical 14-cent level, fluctuating between 12.3 and 13 cents.
He mentioned that a final downward move could occur, with temporary dips potentially reaching around 12.2 to 12.3 cents. However, he considers this lower range to be a short-term phase.
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The analyst emphasized the importance of the 13-cent mark as a key support level. Even if the price dips below this point, he reassured viewers that this is not a cause for concern, as it aligns with normal price action.
Should Kaspa Holders Sell?
Despite the recent price drop, the analyst made it clear that he has no plans to sell his Kaspa holdings. He remains highly optimistic about the token’s long-term potential, describing it as his largest investment.
He expressed confidence that Kaspa could reach a price between $1 and $4 during the current market cycle.
The analyst sees the current price range around 13 cents as a strong buying opportunity, suggesting that holders could see returns of 10x to 30x over the next 6 to 12 months.
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The analyst also noted that even amid a broader sell-off in the crypto market, Kaspa’s price action aligns with long-term bullish trends. He expects explosive price movements driven by trends in Bitcoin dominance and the overall crypto cycle.
He praised Kaspa’s development team, technology, and community, reinforcing his confidence in the project. In conclusion, the analyst strongly advised against selling Kaspa at its current price, encouraging holders to consider buying more tokens instead, as he remains optimistic about significant future gains.
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