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Kaspa has been experiencing significant selling pressure, leading to a price drop of over 12% in the last 24 hours. At the time of writing, KAS is valued at $0.07289, with trading volume down by 22%, signaling reduced market activity. This downward trend has raised concerns among investors as the price nears the crucial $0.07 support level. Meanwhile, discussions are emerging regarding the potential impact of the upcoming Kaspa network upgrade (TN10) on market dynamics.
Kaspa Approaches Critical Support as Selling Pressure Mounts
Analyzing the KAS chart on the 4-hour timeframe reveals a persistent downtrend that began in early February. The price has struggled to reclaim the $0.10 level, which previously served as strong resistance. Additionally, with the 9-day exponential moving average (EMA) positioned above the current price, bearish sentiment continues to dominate the market.
Crypto analyst Titan has highlighted concerns about the recent retest of the $0.07 support level. The last time Kaspa reached this price, it quickly rebounded. However, the current decline has been more gradual, increasing the likelihood of a breakdown. According to the analysis, if KAS falls below $0.07, the next major support level at $0.05 could come into play.
TN10 Upgrade to Enhance Kaspa’s Transaction Speed
Despite the ongoing price struggles, the upcoming TN10 upgrade could bring significant improvements to the network. Elite analyst Crypto Proselyte has revealed that the Crescendo Hard Fork, scheduled for March 4, 2025, will increase Kaspa’s block speed to 10 blocks per second—making it 10 times faster than its current rate. This upgrade aims to enhance scalability, with developers focusing on pruning optimizations to improve efficiency.
The Kaspa team is currently consulting the community to finalize the upgrade date, with March 6 or March 8, 2025, being considered for the full rollout. This decision is particularly important for node operators who will need to update their systems accordingly.
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