Kaspa going sideways... Boring.....zzzzzzzzzzzzz
2024-12-27
Category: None

KAS pulled back to the bottom of the range. The negative price action in the chart is not exclusive to Kaspa; in fact, it is evident across the crypto space. The sideways channel does show that supply and demand are at gridlock with equal buyers and sellers and little sign of accumulation at this level. To see the KAS price break out bullish, there must be a bullish fundamental catalyst for the project, or we must have the patience to see the total market cap rise again. In the latter scenario, the question is how much of that capital can Kaspa attract and hold. 