🚨Kaspa (KAS) Technical Analysis and Price Action🚨
According to expert technical analysis, KAS appears bearish, following a lower high and lower low price action pattern since the beginning of 2025. During this period, the asset has formed four lower highs and three lower lows, and the price is now heading toward another lower low.
Based on recent price action and historical patterns, if the asset remains below the latest lower high, KAS could experience a significant price drop and form another lower low in the coming days. However, if the asset breaks above the recent lower high and closes a daily candle above it, it could shift both market sentiment and the sentiment surrounding the asset.
Currently, the asset is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that it is in a downtrend.
