Kaspa’s sell-off appears of a combination of leveraged long liquidations intensifying a move down, weak macro/altcoin sentiment and structural risks (adoption/supply concentration). Despite a massive price drop, sparking fear and pessimism across the market, such deep pullbacks often create opportunity rather than signal failure. Despite the volatility, Kaspa’s fundamentals remain solid. Its innovative GHOSTDAG technology, fair launch, and strong network activity continue to set it apart. When fear dominates and sentiment turns overly negative, it can actually be a supportive setup for long-term investors looking to accumulate quality projects at discounted levels.
From Elliott wave perspective, KASUSD(Kaspa) spiked down out of a wave B triangle pattern into wave C, so it’s a higher degree ABC correction. It still looks promising for the future, and we may still see some rally in the current bullish cycle. Bullish confirmation is above 0.091 area.
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