Kaspa has officially entered a bear market, as indicated by analysis from Crypto MindSet. The analyst warns of strong bearish signals, advising caution for further price movements.
Kaspa Bearish Market Structure Confirmed
Analysts highlight that Kaspa is currently below the 50-day and 200-day moving averages, indicating bearish momentum. A death cross has formed, and Kaspa has also fallen below a key support level of $0.10. Its value dropped by 30% to $0.07, suggesting a prolonged bear market. At press time, [KAS trades](https://coinmarketcap.com/currencies/kaspa/) at $0.08334.
Expert’s KAS Trading Strategy
In a bearish market, the analyst suggests using shorting strategies. Two key approaches include shorting during price rallies and after support breakdowns. A recent trading setup involved entering at $0.0116 and adding at $0.0099.
KAS Technical Indicators Show No Signs of Recovery
The bearish outlook is reinforced by weak momentum signals. The RSI displays bearish divergence, and the monthly stochastic RSI is trending downward. The analyst emphasizes the importance of risk management and caution when buying dips.
Kaspa's future trajectory depends on reclaiming the 200-day moving average. Until this is achieved, lower prices are anticipated.
