Top Analyst Identifies Optimal Entry Point for Kaspa (KAS) Investors, Charts Path to $1

KAS has been reaching new lows, currently trading at $0.087 with around a 20% dip in the last six days. Some analysts believe this could be a prime time to enter the project and buy the KAS dip.

Top analyst, King Crypto, has identified an optimal entry point for investing in Kaspa (KAS) as the coin continues to fall.

The technical analyst, who boasts over 25,000 followers, recommends entering the project by buying the current dip. This way, investors can get KAS while it’s still trading below the $0.1 mark.

“I was wrong about my previous Kaspa projections. Apparently we got one more chance to buy KAS below $0.1 and honestly I can’t complain.

My long-term bullish view remains but I'm adjusting my thinking.”

A glance at the daily chart highlights several major resistance levels that have hampered KAS price movements. These barriers are roughly located at $0.175, $0.158, $0.142, and $0.125. At these points, sellers have consistently emerged to truncate any attempts at pushing higher.

On the support side, the chart demonstrates a bottom level around $0.081. This has served as a key foundation during the current downtrend. More recently, KAS has shown promising signs of accumulation around the $0.09 level, a development that King Crypto deems potentially significant.

Both the 50-day moving average (depicted as a blue line) and the 20-day moving average (yellow line) are trending downward, signaling bearish momentum in the near term. This bearish outlook is further confirmed by the MACD indicator, which shows the MACD line sitting below the signal line.

Despite these short-term setbacks, King Crypto maintains a strongly optimistic long-term view on Kaspa price.

“The longer the accumulation, the bigger the pump.

The thinking here is simple: As long as the Kaspa team stays busy building the token and the project, we know that we’ll be counting KAS prices in dollars soon, no more in cents. This is especially true given the fact that the price of a token will always catch up with the utility. ”

This perspective aligns with the technical analysis showing that KAS has been in a downtrend since reaching peak values in December 2024. Following a brief rally in early February, the token failed to reclaim previous highs and has since resumed its decline.

For traders keeping an eye on key levels to watch, the $0.081 to $0.09 range represents crucial support that, if maintained, could serve as a launching pad for future growth. Conversely, the $0.11, $0.125, and $0.142 marks represent immediate resistance barriers that must be overcome for any meaningful trend reversal.

suggest that while KAS may experience some short-term bearishness, the current price action represents an accumulation phase that could precede significant upward movement. However, a break below $0.081 would signal increased downside risk and potentially invalidate this bullish thesis.

With his eyes firmly fixed on the dollar milestone for KAS, King Crypto remains confident that Kaspa’s ongoing development and increasing utility will eventually drive prices above $1