Kaspa Price Forecast – Is a 93% Drop Possible by 2025
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- KAS recently set a record: Over 538,000 addresses now hold the asset
- However, this milestone has had little to no impact on the price performance of the crypto asset.
Kaspa [KAS] has been facing challenges lately, particularly following a broader market correction. The asset experienced a decline of 21.92% in the last month, and further analysis indicates that more downward movement might be forthcoming. Current forecasts predict that KAS could encounter even steeper drops in value as time progresses.
Certain projections have even suggested an alarming potential for a 93% price collapse if critical support levels are breached.
New Milestone – KAS Holders Hit Record High
The number of wallets containing KAS tokens surged within the last day, reaching an unprecedented high.
According to data from Kaspalytics, there are now 538,030 addresses holding at least one KAS token. Typically, such increases suggest accumulation among traders which can signal upcoming price rises; however, it should be noted that despite hitting this new benchmark, KAS’s price slid by around 0.47% over the previous day.
Source: Kaspalytics.
An evaluation of recent price movements indicates that Kaspa may still linger in bearish territory and future declines will heavily depend on its ability to maintain significant support levels.
Could KAS be in for a 93% drop?
The latest charts for KAS displayed a typical “head-and-shoulders” pattern as prices neared critical resistance points.
This important level seemed to provide essential support against greater drops; however if breached effectively it could lead to substantial declines in value for Kaspa’s chart representation.
Source: TradingView.
Bearing in mind insights from TradingView concerning future predictions suggest uptrends may lead towards as significant decreases pegged at roughly 93%. Should these projections hold true it could drag valuations down toward $0.00795 per coin through methodical technical analyses confirming overall market sentiments remained dismal along with indications suggesting worsening trends over time.
