A prominent member of the Kaspa community has warned that the price of KAS could potentially drop by 50%, reaching as low as $0.04. This analysis, shared on the social media platform X, draws parallels between Kaspa's current market behavior and Bitcoin's 2014 bear market, where Bitcoin experienced an 80% decline before a significant recovery.
The analysis highlights key Fibonacci retracement levels and potential support zones, indicating that KAS is at a critical point. While the warning is based on historical patterns and current market stagnation, it also suggests that a deep correction could pave the way for a future rally, akin to Bitcoin's 100x surge following its 2014 downturn.
Kaspa Community Warns of Potential 50% Price Drop for KAS
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