Kaspa’s price has continued to trade sideways despite many other altcoins reaching new highs. Bitcoin has also been on an impressive run. This lack of action in KAS’s price has been concerning to community members.

The host of Tactical Investing, a crypto YouTuber channel with more than $30,000 subscribers, addresses the curious case of Kaspa’s current market performance.

He notes that while Bitcoin has been experiencing an uptrend and many altcoins have seen gains of 50%, 75%, and even exceeding 100%, KAS price has notably underperformed.

The analyst points out the irony in this situation, given that KAS was a top performer throughout 2022 and 2023. Currently, the cryptocurrency has been trading sideways to such an extent that some investors have begun jokingly referring to it as a stablecoin.

However, he sees this as a potentially promising situation. Based on his analysis of historical patterns, KAS has established strong support levels at various price points—initially at 1 cent, then 5 cents, and currently around 10 cents.

The token is currently fluctuating between 15 and 17 cents, which he interprets as a median price zone that could precede a breakout.

The host emphasizes that Kaspa’s best performances have historically occurred during periods of market frustration when other cryptocurrencies were rising.

He advises viewers to consider this a long-term investment, suggesting that the fundamentals support potential new all-time highs, with targets of 25 cents and potentially above $1.

Comparing KAS to Kadena, he acknowledges room for both in the market but expresses greater enthusiasm for Kaspa’s technological prospects.

Read Also: How High Can Shiba Inu Go By The End of 2024? SHIB Price Prediction

His analysis concludes with a reminder to focus on the project’s 2025 outlook and avoid premature selling during temporary corrections.

For long-term investors, he recommends maintaining perspective and treating Kaspa as a strategic investment rather than seeking short-term gains, suggesting this approach will help avoid burnout and maximize potential returns during future market cycles

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The post Why Is Kaspa (KAS) Price Not Pumping? appeared first on CaptainAltcoin.

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