Kaspa

Parabolic

<p>The standout altcoin Kaspa (KAS) has impressed traders by continuing to hit new highs amid the bear market. However, signs of exhaustion have emerged that could precede a pullback, according to analysts.</p>
<p>Crypto trader Mags <a href="https://twitter.com/thescalpingpro/status/1711609434122887322?t=oaQQIlm7Uh0gHDMTrCB9eQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">spots</a> dissipating momentum and expects KAS to revisit the $0.029 area to allow buyers to reset. She notes her willingness to miss further upside in favor of anticipating a correction to a more attractive accumulation zone.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="715" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-1024x715.png" alt="" class="wp-image-352896" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-1024x715.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-300x210.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-767x536.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-1536x1073.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-2048x1430.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-215x150.png 215w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-100x70.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-501x350.png 501w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235-788x550.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-235.png 1114w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Meanwhile, another analyst asserts $0.044 represents a generational opportunity given a highly bullish long-term outlook calling for $4.40+ KAS by 2025. This exemplifies differing views on ideal entry points.</p>
<p>More conservatively, <a href="https://twitter.com/themarcojo/status/1711449294241194206" target="_blank" rel="noopener noreferrer nofollow">Marco Johanning</a> eyes are creating a higher low to hold the current line, with $0.03 representing critical support. A breach below that level opens up downside risk. But defiance of a bear trend reversal keeps short-term hopes alive.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="673" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-1024x673.png" alt="" class="wp-image-352887" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-1024x673.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-300x197.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-767x504.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-1536x1010.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-2048x1346.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-228x150.png 228w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-532x350.png 532w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234-788x517.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-234.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The discourse highlights tactical considerations around maximizing value amidst a potential KAS pullback. For highly convicted holders, dollar cost averaging seems prudent to balance long-run upside.</p>
<p>Overall, KAS remains in an interesting risk/reward position following its parabolic advance. With upside momentum fading, price action may soon determine whether lower levels draw renewed interest or deeper capitulation transpires.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/kaspa-traders-eye-these-levels-as-exhaustion-looms-after-parabolic-run/">Kaspa Traders Eye These Levels as Exhaustion Looms After Parabolic Run</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Kaspa Traders Eye These Levels as Exhaustion Looms After Parabolic Run

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