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<p>There have been concerns about the future of Kaspa (KAS), particularly after the asset lost a critical support level at approximately $0.14. This decline has been noted by some figures in the crypto community.</p>
<p>Mikro, known for his analytical insights, expressed concern over Kaspa’s recent performance. He highlighted that, despite its previous strength in the market, the charts indicate a potential downturn.</p>
<h2 class="wp-block-heading" id="kas-usdt-daily-chart-analysis">KAS/USDT Daily Chart Analysis</h2>
<p>In his analysis of the KAS/USDT daily chart, he pointed out that the asset had lost its s<a href="https://www.investopedia.com/trading/support-and-resistance-basics/" target="_blank" rel="noopener noreferrer nofollow">upport and resistance (S/R) region</a>, along with the point of control (POC).</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="610" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-1024x610.png" alt="" class="wp-image-568260" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-1024x610.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-767x457.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-1536x915.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-2048x1220.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-252x150.png 252w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-588x350.png 588w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650-788x469.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-650.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Mikro noted the formation of a <a href="https://fxopen.com/blog/en/understanding-the-inverse-cup-and-handle-chart-pattern/#:~:text=The%20inverted%20cup%20and%20handle%20pattern%20is%20bearish.,traders%20may%20open%20short%20trades." target="_blank" rel="noopener noreferrer nofollow">bearish inverse Cup &amp; Handle pattern,</a> suggesting that a short-term price decline could occur.</p>
<p>He estimated that this could lead to a drop of around 23% (based on his chart(, bringing the price down from $1.30 to $1.00, where he anticipates the next strong support level.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/altcoin-rally-imminent-bitcoin-dominance-nears-top-as-analyst-warns-dont-blink/" target="_blank" rel="noopener noreferrer nofollow">Altcoin Rally Imminent? Bitcoin Dominance Nears Top as Analyst Warns: ‘Don’t Blink’</a></em></strong></p>
<h2 class="wp-block-heading" id="kas-btc-weekly-chart-analysis">KAS/BTC Weekly Chart Analysis</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="610" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-1024x610.png" alt="" class="wp-image-568268" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-1024x610.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-767x457.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-1536x915.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-2048x1220.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-252x150.png 252w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-588x350.png 588w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651-788x469.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-651.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Mikro’s analysis continued with the KAS/BTC weekly chart, where he observed a broken trendline that has been in place since the asset’s inception.</p>
<p>He mentioned that the Supertrend indicator recently flashed a “SELL” signal for the first time, reinforcing his belief in the likelihood of further short-term downside. He marked a potential reversal area on the chart but maintained a cautious outlook.</p>
<h2 class="wp-block-heading" id="kas-eth-weekly-chart-analysis">KAS/ETH Weekly Chart Analysis</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="610" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-1024x610.png" alt="" class="wp-image-568276" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-1024x610.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-767x457.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-1536x915.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-2048x1220.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-252x150.png 252w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-588x350.png 588w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652-788x469.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-652.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In his examination of the KAS/ETH weekly chart, Mikro acknowledged that while Ethereum’s performance has been lackluster, Kaspa’s chart still indicated a high timeframe lower high, which could suggest a trend reversal.</p>
<p>Despite this, he pointed out potential areas for a turnaround, hoping for no further declines.</p>
<h2 class="wp-block-heading" id="kas-sol-weekly-chart-analysis">KAS/SOL Weekly Chart Analysis</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="610" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-1024x610.png" alt="" class="wp-image-568284" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-1024x610.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-767x457.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-1536x915.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-2048x1220.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-252x150.png 252w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-588x350.png 588w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653-788x469.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-653.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><a href="https://x.com/mikroweller/status/1846544607917535298?t=rrEzVmy0FPROg1V-1TCNmQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Mikro’s final thoughts</a> on the KAS/SOL weekly chart revealed that this chart appeared the most bearish.</p>
<p>He noted that a trendline had been broken months ago, and although a significant support confluence might halt the decline, the uncertainty remained about where the price would stabilize.</p>
<p>In summary, Mikro conveyed a clear message that short-term downside for KAS seems probable. He expressed hope as a holder but emphasized that market movements are often unpredictable.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/solanas-surprising-surge-could-be-halted-stage-set-for-a-0-03-rival-to-hike-8000x/" target="_blank" rel="noopener noreferrer nofollow">Solana’s Surprising Surge Could Be Halted, Stage Set for a $0.03 Rival to Hike 8000x?</a></em></strong></p>
<h2 class="wp-block-heading" id="some-investors-remain-confident-about-long-term-strength">Some Investors Remain Confident About Long Term Strength</h2>
<p>In contrast, Travladd Crypto expressed optimism about KAS, asserting its technological superiority over other cryptocurrencies released in the past eight years.</p>
<p>He reminded followers not to be swayed by the current price fluctuations, highlighting that the largest global Bitcoin miner also mines KAS, which he sees as a positive sign for the asset’s future.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$KAS</a> is the most technologically advanced crypto to come out of the last 8 years.<br><br>Do not let people crying about short term price action phase you. The largest global <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> miner only mines BTC and KAS. <br><br>Resesrch <a href="https://twitter.com/KaspaCurrency?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@KaspaCurrency</a></p>— Travladd Crypto 𐤊 (@OfficialTravlad) <a href="https://twitter.com/OfficialTravlad/status/1846831592125210927?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
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<p>Adding to the optimistic tone, <a href="https://x.com/Kasfinex/status/1846865700469538903?t=fLRNSP0TciEP7f-21Syvcw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Kasfinex noted </a>that KAS is the first Layer 1 blockchain to fully address the trilemma of scalability, security, and decentralization without relying on multichains, sharding, or Layer 2 solutions.</p>
<p>He emphasized that the protocol’s limitations are now only dependent on the network’s speed, suggesting a potentially bright future for Kaspa.</p>
<p>Overall, while analysts like Mikro foresee a challenging period ahead for KAS, voices like Travladd and Kasfinex provide a counterbalance of hope, seeing the current turbulence as temporal.</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/multiple-analyses-show-kaspa-kas-price-dip-isnt-over-analyst-anticipates-double-digit-crash/" rel="noopener noreferrer nofollow">Multiple Analyses Show Kaspa (KAS) Price Dip Isn’t Over: Analyst Anticipates Double-Digit Crash</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Multiple Analyses Show Kaspa (KAS) Price Dip Isn’t Over: Analyst Anticipates Double-Digit Crash

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