Kaspa continued to trade under pressure, with the KAS price down another 1.38% over the past day at about $0.028. The proof-of-work cryptocurrency, which uses a blockDAG architecture to enable parallel block creation and faster confirmation times than traditional linear blockchains, has seen its token pull back sharply from its 2024 highs alongside a broader cooling in crypto markets. Recent attempts to rebound have lost momentum before developing into a more sustained recovery, leaving holders waiting for clearer signs of a reversal.

Analysts remain divided on what comes next for KAS. Some argue that the token still needs to move lower before a durable recovery can begin. Others point to Kaspa’s technology, token structure, development activity, and community as factors that could help it remain competitive among larger cryptocurrencies.

Kaspa Chart Suggests Another Decline May Come Before Recovery

Crypto analyst MCO Global says the KAS price remains in an extended corrective phase, and that the latest bounce has not materially changed the broader technical outlook.

The analyst’s weekly chart uses Elliott Wave analysis to assess Kaspa’s market structure. KAS peaked above $0.20 in 2024 and has since moved lower within a descending channel. MCO Global views the recent rebound as a three-wave corrective move rather than evidence that buyers have regained control of the trend.

Under that interpretation, Kaspa may still face one more leg lower before the correction is complete. The key level identified by the analyst is near $0.019, which aligns with an important Fibonacci retracement area. Technical traders often monitor such levels as potential support zones during corrective moves.

If buyers defend the $0.019 area, MCO Global’s analysis suggests that Kaspa could begin forming the basis for a broader recovery. Until then, the token remains below the descending channel resistance, and the downtrend structure remains intact. A break above the descending trendline with stronger buying volume would be needed to challenge that view.

Travladd Says Kaspa’s Fundamentals Remain Notable Among High-Cap Cryptocurrencies

Despite the weak KAS price action, crypto commentator Travladd remains positive on Kaspa’s longer-term prospects. He argues that Kaspa has characteristics that may help it endure as a larger cryptocurrency, including funding, token design, active development, and network users.

$KAS is one of the ONLY cryptocurrencies I believe has staying power right now as a high cap. Does it need adoption, yes. Does it have the tech advancement, moving the industry forward, also yes. Transparent developers moving it forward, yes. A baseline community… pic.twitter.com/P1KqU1FQGg — Travladd 𐤊 (@OfficialTravlad) July 24, 2026

$KAS is one of the ONLY cryptocurrencies I believe has staying power right now as a high cap. Does it need adoption, yes. Does it have the tech advancement, moving the industry forward, also yes. Transparent developers moving it forward, yes. A baseline community… pic.twitter.com/P1KqU1FQGg

Travladd highlights Kaspa’s token supply as one of his central points. He says most of the token supply has already been released, reducing the risk of large future unlocks adding significant new supply to the market. This stands in contrast to many tokens that still carry substantial locked-supply overhangs, which can pressure prices as vesting schedules release new tokens to early investors and team members.

He also points to developers who continue to work on the protocol and a committed community that supports the network. Kaspa’s development roadmap has included upgrades such as Crescendo, which raised the network’s block production rate, and ongoing work toward smart contract functionality that could expand the ecosystem beyond simple value transfer. At the same time, Travladd acknowledges that Kaspa still needs broader adoption. In his view, stronger user growth will be important before the KAS price can support a lasting uptrend.

Technical and Fundamental Views Focus on Different Timeframes

The two views are not necessarily contradictory because they address different aspects of Kaspa’s outlook. MCO Global is focused on chart structure and concludes that the current correction may not yet be finished. That analysis identifies $0.019 as the next major support level and remains tied to whether KAS can break above the descending trendline with stronger volume.

Travladd’s view is based on the network rather than the chart. He cites Kaspa’s blockDAG architecture, transparent development, and a token supply that is already largely in circulation as reasons he believes the project stands out among larger cryptocurrencies.

Those fundamental factors do not imply an immediate price recovery. However, Travladd argues that they could place Kaspa in a stronger position if adoption and user activity expand over time. Metrics that market participants often watch for proof-of-work networks include daily active addresses, transaction throughput, hash rate trends, and the growth of applications built on the network.

For traders watching the current market structure, the $0.019 level remains a central area of focus. If buyers hold that zone, analysts say the correction could begin to stabilize. If support fails, the corrective phase may continue before a new uptrend develops.

Frequently Asked Questions

The Kaspa price is down because it remains in a prolonged corrective trend. Analysts point to a failed recovery attempt, with the latest bounce forming a three-wave corrective pattern instead of a bullish reversal. Broader market weakness has also weighed on KAS, keeping the token below key resistance levels.

Technical analyst MCO Global identifies the next major support level near $0.019, which aligns with the 61.8% Fibonacci retracement level. If buyers defend that zone, Kaspa could begin a larger recovery. If support fails, the correction may continue before a new uptrend develops.

Some analysts believe Kaspa continues to have long-term potential because of its blockDAG technology, transparent development team, and tokenomics, with most of its supply already in circulation. However, broader adoption and sustained user growth remain important factors for any future KAS price appreciation.