watch
Kaspa down 57% from ATH — watch for stabilization before buying
I'm noting Kaspa reached an all-time high of $0.20741 on 2024-08-01 and currently trades at $0.08879, roughly 57% below that peak. The move underscores strong volatility since the ATH.
I would monitor on-chain metrics, trading volume and price action for evidence of accumulation and a stable support level before adding a meaningful position. I would avoid chasing a rebound and consider staged entry only after confirmation.
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Analysis
Kaspa's large drawdown reflects elevated volatility and potential profit-taking after the ATH. Without rising volume, clear support or positive catalyst, the risk of further downside remains high; tec...
Recommendation
Watch the market for stabilization and volume-backed breakouts. If you hold, consider trimming into rallies and using stops; if you don’t, wait for confirmed support or use small, staged buys as a hig...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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