KASPA - Looks Bearish, But Why?
There are currently no more Aquaman Holders indicating that the Exchanges or at least the Holders who store their KAS on Exchanges are selling heavily.
The Heat Map Shows that there is almost no liquidity below the current price, so expect the price to slide down to the target rather than crash.
There is a ton of liquidity above us so Market Makers may start a massive market up campaign that is fueled by multiple short stop loss squeezes that could push KASPA into a huge parabolic run in the near future.
The major issues now are:
1. The conflict in the middle east - KASPA team and Devs all live there and holders are speculating that the conflict will cause team delays and issues.
2. The inverse correlation to BTC - Currently the KASBTC chart is bombing, if we lose a certain level on the KASBTC pair which is only 12% below us, we could see KASPA slide into a long period of price depression and even miss out on this next BTC leg up.
Things to keep in mind:
1. Nothing fundamental has changed. Hashrate is skyrocketing.
New Wallet accounts are going parabolic (increasing by 8% or more per day).
2. 10BPS Crescendo Hardfork coming in Quarter I 2025.
3. High Likelihood of Tier I exchange listings still on the horizon.
Major Buy targets:
0.10 - Previous Major Structural Support with heavy long liquidity on KuCoin & MEXC Books.
0.98 - 1.618 Fib Target for Flat ABC.
0.078 - Bottom a daily consolidation during wave 3 parabola.
0.054 - Major Structural Support from previous accumulation peaks.
The Heat Map Shows that there is almost no liquidity below the current price, so expect the price to slide down to the target rather than crash.
There is a ton of liquidity above us so Market Makers may start a massive market up campaign that is fueled by multiple short stop loss squeezes that could push KASPA into a huge parabolic run in the near future.
The major issues now are:
1. The conflict in the middle east - KASPA team and Devs all live there and holders are speculating that the conflict will cause team delays and issues.
2. The inverse correlation to BTC - Currently the KASBTC chart is bombing, if we lose a certain level on the KASBTC pair which is only 12% below us, we could see KASPA slide into a long period of price depression and even miss out on this next BTC leg up.
Things to keep in mind:
1. Nothing fundamental has changed. Hashrate is skyrocketing.
New Wallet accounts are going parabolic (increasing by 8% or more per day).
2. 10BPS Crescendo Hardfork coming in Quarter I 2025.
3. High Likelihood of Tier I exchange listings still on the horizon.
Major Buy targets:
0.10 - Previous Major Structural Support with heavy long liquidity on KuCoin & MEXC Books.
0.98 - 1.618 Fib Target for Flat ABC.
0.078 - Bottom a daily consolidation during wave 3 parabola.
0.054 - Major Structural Support from previous accumulation peaks.
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