Crypto Trader Warns of 50% Kaspa Price Crash as KAS Faces 'Worst Month Yet'

We’ve grown accustomed to Kaspa’s bullish momentum over the past year, so when it’s not moving upward, traders naturally become unsettled.

Crypto trader Alan Santana has warned of a possible 49% price crash for Kaspa (KAS) after analyzing the coin’s price action on a longer timeframe. Despite the coin’s 4% increase in the last 30 days, the price chart suggests a potential downturn.

Santana highlighted a crucial resistance line that has been limiting KAS’s upward movement, preventing it from breaking through a key resistance level multiple times. Additionally, the Fibonacci retracement levels indicate potential support zones at 0.618 and 0.786 Fibonacci levels.

At the time of writing, KAS is trading at $0.1678. If the coin price were to drop by 0.618 Fibonacci levels, it could potentially reach around $0.085, marking a significant decrease of almost 50% from its current price. However, Santana suggests that smaller crypto projects like KAS can experience even deeper cuts.

Despite the warning, the crypto trader suggests that after this potential drop, there might be a bull market.

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