It's always shaky business making projections off of a logarithmic regression band with so little data, given that the Kaspa token is still relatively young. Will the current crypto drop drag KAS down to the logarithmic regression band (roughly coincides with 0.618 fib and previous short-lived buying zone) at $0.088 today? Or will it drop further to the 0.786 fib at $0.065 where there is no obvious confluence.
If it goes further down we will enter new support discovery, likely coming in at $0.05, a roughly 67% drop in price from ATH. This would be a very deep regression, which, if it finds solid support, could be healthy in the long run, but would show weakness in the short.
If it goes further down we will enter new support discovery, likely coming in at $0.05, a roughly 67% drop in price from ATH. This would be a very deep regression, which, if it finds solid support, could be healthy in the long run, but would show weakness in the short.