Kaspa (KAS) has officially entered the bear market, according to the analysis by Crypto Mindset.
The analyst warns that the price of Cryptocurrency shows strong declining signals, indicating major indicators on the negative side. Kaspa has decreased below the decisive levels, confirming a long decrease. It is recommended to exercise caution, as technical indicators indicate poor weakness.
The Kaspa Handish Market structure confirmed
The analyst emphasizes that the price of KASPA is less than 50 days and 200 days, and it is a decisive mark on the landfill. A death cross occurred in October, where the moving average has crossed for 50 days to less than 200 days. This confirms the declining direction, with no signs of recovery unless KASPA is above these levels.
The cryptocurrency also collapsed to less than the main support level at $ 0.10, with a candle closed under this threshold. Staying under this threshold on daily or weekly plans indicates possible additional drops.
According to the expert, the Kaspa value decreased by 30 % from $ 0.10 to $ 0.07, indicating a significant decrease. At the time of the press, Kas deals At 0.08334 dollars. This recession may prolong the bear market for several months or perhaps years.
The analysis indicates that KASPA was in a stage for 15 months, indicating a transfer to a full bear cycle.
The markets are usually subject to a four -stage cycle: the bull market (stage 2), a stage that leads (stage 3), and the bear market (stage 4). This change may maintain KASPA in the continuous declining direction unless the moving average is restored for 200 days.
Also read: Monero (XMR) price strikes critical resistance – the main levels of viewing
Kas trading strategy for the expert
In a declining market, the analyst suggests default as a more effective trading strategy. Main approaches were identified:
- Short gatherings – entering short jobs when the price is temporarily backed inside the declining direction.
- Deficiency of breakdowns – selling when the price decreases below the main support levels.
A newly short commercial setting included entering at $ 0.0116 and adding more short pants at $ 0.0099, achieving approximately 40 % profit in four days.
Kas technical indicators do not show any signs of recovery
More to enhance the decline ExpectationsThe analyst highlights the signals of weak momentum. RSI showed the declining difference for more than a year, with a decrease in its highest levels, indicating poor purchase pressure. In addition, RSI RAM is heading down, indicating that there is no clouds.
The analyst stresses the importance of risk management, and urges traders to avoid purchasing declines blindly. It is recommended to use stop to stop the capital, as well as learn the appropriate trading strategies.
Kaspa’s future path depends on whether it can restore the moving average for 200 days. Until then, prices are expected to drop, traders are advised to stay careful and monitor the nearby weekly to confirm the next step.
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