Kaspa (KAS) Faces Breakdown Risk Inside a Falling Wedge – Is Capitulation Near?
Kaspa is currently trading around $0.03000, extending its bearish momentum after shedding nearly 22% in just one week. The sell-off has pushed KAS right to the lower boundary of a falling wedge pattern on the daily (log) chart — a structure that often sparks heated debate between bears calling for continuation and bulls waiting for a reversal.
Price is now pressing against the S1 Pivot level at $0.02439, a zone that could become a make-or-break support in the coming sessions. A clean breakdown below this level would likely accelerate downside pressure, while a strong defense here could mark a capitulation bottom.
Momentum indicators paint a grim picture. The RSI has collapsed to 23, deep into oversold territory, signaling aggressive distribution with no clear relief yet. Meanwhile, the MACD and signal lines remain firmly below zero, widening to the downside — confirming that bearish momentum is still dominant.
That said, oversold conditions like this rarely last forever. If a technical bounce materializes, the pivot point near $0.03879, aligned with the wedge resistance, becomes the first upside hurdle bulls must reclaim.
📌 Long-Term Buy Plan (High-Risk / High-Reward)
Buy (DCA Zone): $0.024 – $0.028
Stop Loss: $0.019 (daily close below support)
TP1: $0.050
TP2: $0.075
TP3 (Cycle Target): $0.12+
⚠️ This is a long-term accumulation idea, not financial advice. Volatility will be brutal.
What do you think — dead cat bounce or generational accumulation zone?
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