Kaspa Liquidity Cluster Raises Concerns: Could a Price Dip Be Imminent?

Kaspa (KAS) is experiencing renewed volatility as wallet activity and liquidity shifts reveal intriguing signals. The token’s price, currently hovering around $0.085 after a volatile month, attracts attention to the $0.12 level. Kaspa Daily reports a significant liquidity cluster forming at this area, which could potentially pull the price back up like a magnet. Recent activity suggests that the token swept downside liquidity, clearing out weaker hands from the market. However, this move might lead to a reversal or sideways chop with the potential for a price bounce towards $0.12 if buying pressure builds. While support remains strong around $0.085-$0.09, volatility remains high, making it a risky zone where either a dramatic rebound or a sharp drop could occur.