Kaspa (KAS) has experienced a notable downturn, losing 4.50% against the US Dollar in the past 24 hours. The cryptocurrency also underperformed against BTC and ETH, with declines of 5.91% and 6.16% respectively. Despite a long-term gain of 192.09% over the past year, Kaspa is currently trading 25.11% below its predicted value for October 12, 2024.

The market sentiment for Kaspa remains bearish, with 79% of technical indicators signaling a negative outlook. Key support levels are identified at $0.142909, $0.140630, and $0.136074, while resistance levels are at $0.149743, $0.154299, and $0.156578. The Fear & Greed index stands at 50, indicating a neutral market sentiment.

Given the current bearish trend, investors should exercise caution. The cryptocurrency market's inherent volatility suggests that even well-established assets like Kaspa can experience significant price fluctuations.