Kaspa Price Drops as Whales Continue Accumulation Amid Market Pressure
- Market Pressure Impact: Kaspa's price has dropped 2.14% in one day to $0.0309, reflecting broader crypto market pressures as Bitcoin fell 2.7% and total market value decreased by 2.6%, indicating a bearish investor sentiment with the Fear & Greed Index at 14, signaling extreme fear.
- Whale Accumulation Activity: Despite market volatility, the 17th-ranked holder withdrew approximately 2.18 million KAS from multiple exchanges in a single day, indicating that large holders are actively accumulating, with the wallet now holding about 104.9 million KAS worth approximately $3.34 million, reflecting confidence in Kaspa's long-term prospects.
- Liquidation Situation Analysis: On June 6, over $1.03 billion in leveraged crypto positions were liquidated across the market, with Kaspa's total liquidations around $41.4 million, showcasing that both bulls and bears were affected by the volatility, highlighting unstable market sentiment.
- Technological Upgrade Outlook: Kaspa gained positive exposure at the Unchained Summit in Vietnam, where project representatives discussed the upcoming launch of the VIZO market by June 30, indicating potential in the Asian market and showcasing Kaspa's technological advantages, suggesting optimistic future development despite current price pressures.
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Technical Analysis for KAS
Technical Sentiment Analysis for Kaspa (KAS). As of , Kaspa (KAS) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for KAS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, KAS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Kaspa (KAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0253 | 0.0274 | 0.0293 | 0.0314 | 0.0333 | 0.0353 | 0.0372 |
| Fibonacci | 0.0274 | 0.0289 | 0.0299 | 0.0314 | 0.0329 | 0.0338 | 0.0353 |
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