Kaspa price prediction – Could a 93% fall be on the cards in 2025?

• KAS has recently achieved a significant milestone, with over 538,000 addresses now holding the asset.
• Despite this achievement, the price of the crypto asset has not seen a significant impact.

Kaspa [KAS] has been underperforming in recent times, especially after a market-wide correction. The asset has experienced a 21.92% drop in the past month, and further analysis suggests that this downward trend may continue. Current projections indicate that KAS could potentially experience a more substantial decline in its price.

Some forecasts even suggest a possible 93% price crash if a critical support level is breached.

New Record High for KAS Holders

In the last 24 hours, the number of addresses holding KAS has surged to a new all-time high.

Data from Kaspalytics shows that 538,030 addresses now possess at least 1 KAS. Typically, such growth indicates that traders are accumulating the asset, which often precedes price increases. However, despite reaching this milestone, KAS has seen a slight price decrease of 0.47% in the last 24 hours.

Source: Kaspalytics

A broader analysis of its price action suggests that a bearish trend may be on the horizon, with further declines dependent on the asset’s ability to maintain a critical support level.

Potential 93% Decline for KAS?

Currently, KAS seems poised for a significant price drop as its chart exhibits a classic head-and-shoulders pattern, especially as the price nears the neckline.

The neckline is crucial support, preventing a more severe decline. However, if this level is breached, KAS could experience a sharp downward movement in price.

Source: TradingView

According to TradingView’s price range data, the projected drop could be as significant as approximately 93%, potentially bringing KAS’s value down to $0.00795. Technical indicators analyzed by AMBCrypto also support this outlook, indicating a bearish market sentiment and a possible downtrend.

Bearish Trend Confirmed for KAS

Key market indicators, such as the Average Directional Index (ADI) and Bull Bear Power (BBP), confirm a bearish outlook for KAS.

The ADI, measuring trend strength, suggests a growing downward momentum. A rising ADI indicates a stronger trend alignment. Currently, the ADI stands at 27.61; if this trend continues, KAS is likely to depreciate further.

Source: TradingView

Meanwhile, the BBP indicates that sellers are dominating the market. The bear momentum bars remain in the red, reinforcing the bearish sentiment in the Kaspa market.