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<p>While the overall crypto market is slumping, crypto analyst Cilinix Crypto has issued a warning for <a href="https://captainaltcoin.com/?s=kaspa&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Kaspa</a> (KAS) investors. The analyst points out a few factors, including the overall crypto market conditions, that reversed the course of KAS.</p>
<h2 class="wp-block-heading" id="analysis-highlights-short-term-bearish-sentiment">Analysis Highlights Short-Term Bearish Sentiment</h2>
<p>Cilinix stated that despite the expectations of a rise to $0.22 following a breakout above $0.195, Kaspa price dropped to its current level of $0.1534.</p>
<p>The analyst stated that the overall market conditions have played a major role in Kaspa’s performance. He also suggested that a more favorable overall market could have helped in a stronger breakout.</p>
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<p>Cilinix also mentioned that Kaspa has broken below key support levels, particularly around $0.18. The analyst stated that these are signs of a bearish outlook.</p>
<p>Despite the current price drop, the analyst said that Kaspa is poised for a recovery once the market cools down.</p>
<h2 class="wp-block-heading" id="kaspa-price-prediction-for-august">Kaspa price prediction for August</h2>
<p>CoinCodex has shared the price prediction for Kaspa for August. According to the platform, KAS is predicted to surge 227.55% and hit $0.50975 by August 4, 2024.</p>
<p>CoinCodex also acknowledges that the current sentiment is bearish. The Fear &amp; Greed Index shows a reading of 29, which shows “Fear” in the market.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="592" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-1024x592.png" alt="" class="wp-image-520989" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-1024x592.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-300x173.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-767x443.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-1536x888.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-2048x1184.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-260x150.png 260w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-606x350.png 606w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149-788x455.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-149.png 841w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong>Source: <a href="https://coincodex.com/crypto/kaspa/price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Coincodex</a></strong>
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<p>The platform also highlighted that, over the past 30 days, Kaspa has shown mixed results. The data shows that only 12 out of 30 days (40%) were positive. KAS was also down by almost 15% during this period.</p>
<p>Nevertheless, based on current technical indicators, CoinCodex suggests that it might not be the ideal time to invest in Kaspa.</p>
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<p><strong><em>Read more: <a href="https://captainaltcoin.com/xrp-price-could-hit-4-in-its-next-leg-up-analyst-shares-major-ripple-vs-sec-update/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Could Hit $4 in Its Next Leg Up: Analyst Shares Major Ripple vs. SEC Update</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/how-will-kaspa-kas-price-perform-this-summer/" rel="noopener noreferrer nofollow">How Will Kaspa (KAS) Price Perform This Summer?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Will Kaspa (KAS) Price Perform This Summer?

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