Kaspa price prediction: Sell-the-news reaction wipes out recent gains
Kaspa (KAS) completed its Toccata hard fork on June 30, introducing smart contracts and KRC-20 token support. In anticipation, KAS price rallied 20.38% to $0.032. However, a "sell-the-news" reaction caused a 7.8% drop within 10 hours. Long-term, the token remains in a bearish trend, having failed to break the $0.04 resistance and now nearing the $0.025 swing low. Technical indicators like the MACD and CMF support this negative outlook. Short-term gains were used as a selling opportunity, with liquidation levels swept above $0.03 before the reversal. Further price declines towards $0.0249 and potentially $0.020 are possible in the coming weeks.
ambcrypto06/30 22:32
