The Trust Layer for Market Analysts

The analysis assesses Kaspa (KASUSDT) on a weekly timeframe, indicating it's under pressure with multiple red candles. The price has hit the 0.047235 level, a 38.2% Fibonacci retracement. A B-wave move up to between 0.083 and 0.152613 is possible, but lacks confirmation. A five-wave decline pattern exists, suggesting further drops if it breaks the bullish divergence, so a further low is possible. Resistance lies between 0.083 and 0.152. On a 4H timeframe, it's noted a move above the 0.075 level is needed to confirm it bottomed, since the last bounce was in three waves only. Overall, bearish pressure remains.