Kaspa Faces Risk of Significant Decline as Support Level Under Pressure

Kaspa is currently trading near the $0.08 support level, which has held strong since November 2023. However, this vital support now faces a significant challenge. Technical indicators suggest increased selling pressure that could trigger a significant downward movement for KAS. If Kaspa fails to maintain the $0.08 support level, investors may see a further 30% decline in price. This could potentially push the cryptocurrency towards the next major support zone between $0.052 and $0.055. This area was last seen in November 2023.