Kaspa (KAS) is sitting at a critical $0.05 support level that could determine its entire November trajectory. Will it bounce to $0.10 or crash to $0.03? In this video, I break down the technical indicators, market sentiment, and price predictions for Kaspa in November 2024.
📊 WHAT YOU'LL LEARN:
✅ Why Kaspa's $0.053 support level is make-or-break
✅ Technical analysis: MACD, RSI, and open interest data
✅ Bullish scenario: Path to $0.06, $0.08, and $0.10
✅ Bearish scenario: Risk of dropping to $0.04 or $0.03
✅ Network activity: 5.25M transactions processed last week
✅ Market sentiment after October's $19B liquidation event
🔥 KEY HIGHLIGHTS:
- Kaspa processed 5.25M transactions last week (source: Kaspa Daily)
- KAS price dropped 30% in October amid $19B crypto liquidations
- Current support at $0.053 has held since November 2023
- Open interest to market cap ratio at just 0.025 (very low)
- Net long positions: -$286M | Net short positions: $256M
- RSI neutral at 39-45, MACD slightly bearish at -0.00121
📈 PRICE TARGETS:
Bullish Case: $0.06 → $0.08 → $0.10
Bearish Case: $0.04 → $0.033 (multi-year lows)
💡 MY TAKE:
Kaspa is in a "wait and see" zone. The data doesn't support aggressive bullishness, but this support level has historical significance. A break below $0.053 could trigger a cascade to $0.04. However, if support holds and Bitcoin rallies, we could see KAS push toward $0.10. Watch for volume spikes and clean breaks in either direction.
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💬 COMMENT below: Are you bullish or bearish on KAS? Let me know your price predictions!
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⚠️ DISCLAIMER:
This video is for educational and informational purposes only. Cryptocurrency investments carry significant risk, and you can lose money. This is NOT financial advice. Always do your own research and never invest more than you can afford to lose.
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