Kaspa

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<p><a href="https://captainaltcoin.com/this-crypto-trader-warns-of-47-kaspa-price-correction-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s (KAS) market</a> performance has been bloody over the past day. <br></p>
<p>The KAS price dippee 4% on Wednesday, while its trading volume also saw a 10.44% decrease. At press time, it is trading at $0.1686.<br><br>Crypto analyst Jim, known as @Cryptographur on X, shared with his 16.3k followers that most of this selling pressure originated from short-term holders. He said these investors lack conviction and, having held the asset for less than six months, are selling out of fear.&nbsp;</p>
<p>In contrast,<a href="https://captainaltcoin.com/can-you-become-a-millionaire-by-holding-kaspa-kas/" target="_blank" rel="noopener noreferrer nofollow"> long-term holders </a>who have held their positions for over six months are showing more confidence, as they are in profit and are less likely to sell.</p>
<h2 class="wp-block-heading" id="kaspa-s-short-term-holders-contributing-to-price-volatility">Kaspa’s Short-Term Holders Contributing to Price Volatility</h2>
<p>The chart posted by the analyst showing the percentage of KAS supply not moved for over three months indicates that as the price fluctuates, many of these short-term holders begin selling, likely due to fear of further losses.&nbsp;</p>
<p>Moreover, Jim said these investors have not held long enough to see substantial gains, leading to panic selling when prices dip.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdODmmCsSC3vXWbu1d88-1ZnDgK8yV78LDI6v3MV8zTMBUH-HL6Dqt5ZqJ67Ey4oYckkvtFKmwdO0-bwoBCcb-5_lWR69phqLn4MOHBnvQNcjeoO604h5fFHqeQV43BXxn2k6NTLwE1wSbp1qcQ3QIpPcPs?key=1I4YmSfupjixTXaOK2ieeQ" alt="">
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<p class="has-text-align-center">Image Source: <a href="https://x.com/Cryptographur/status/1836368072023605623" target="_blank" rel="noopener noreferrer nofollow">X/Cryptographur</a></p>
<p>The chart highlights a compelling drop in the percentage of KAS held by short-term holders during early 2023, coinciding with a period of increased price volatility. This behavior has created waves of sell pressure, adding to the fluctuations seen in KAS pricing.</p>
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<h2 class="wp-block-heading" id="kas-long-term-holders-show-stronger-conviction">KAS Long-Term Holders Show Stronger Conviction</h2>
<p>Conversely, the chart tracking KAS supply that has not moved for over six months indicates that long-term holders are sticking to their positions confidently.&nbsp;</p>
<p>However, the percentage of supply held by these investors has risen consistently, surpassing 40%. This increase demonstrates that these holders, who have likely experienced profits, are not motivated to sell despite short-term price changes.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf2vNSUtn2TPnx4fPCeH05jnk52gdZDyvE4gcWJbw8CB08ysUQ-cT_6cl_pQ_jUUSQ8n7m0yEAILOgz9trgjFzbXBiC513V0OdfTJQpx0YnqAgc9jOSjyp0iRxeYBSRoTcXS4sRs_Hrrj9UwbhcqvF1UCiJ?key=1I4YmSfupjixTXaOK2ieeQ" alt="">
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<p class="has-text-align-center"><em>Image Source: X/Cryptographur</em></p>
<p>According to Jim’s tweet, these long-term investors are stronger-minded and see potential in the asset. Their confidence in Kaspa is supported by the upward trajectory in both the supply held and the price of KAS, indicating stability from this group.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/expert-turns-bullish-on-sui-price-as-fundamental-and-technical-metrics-indicate-major-growth-potential/" target="_blank" rel="noopener noreferrer nofollow">Expert Turns Bullish on SUI Price as Fundamental and Technical Metrics Indicate Major Growth Potential</a></em></strong></p>
<h2 class="wp-block-heading" id="correlation-between-price-trends-and-holding-patterns">Correlation Between Price Trends and Holding Patterns</h2>
<p>The divergence in behavior between short-term and long-term holders is key to understanding <a href="https://coinmarketcap.com/currencies/kaspa/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s price </a>movements.&nbsp;</p>
<p>However, as long-term holders accumulate and remain inactive, their stability reduces the overall sell pressure. On the other hand, the fear-driven sell-offs from short-term holders create temporary volatility.</p>
<p>Finally, both charts clearly show this dynamic. While short-term holders sell in response to market dips, long-term holders provide a foundation of support, which could help Kaspa’s price continue on an upward trend over time.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/analyst-explains-why-kaspa-kas-price-faces-selling-pressure/" rel="noopener noreferrer nofollow">Analyst Explains Why Kaspa (KAS) Price Faces Selling Pressure</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Explains Why Kaspa (KAS) Price Faces Selling Pressure

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