Kaspa is about mid-way through its current 60-day cycle. As it did not show particular strength after the last cycle low, I suspect it will chop around until the next daily cycle low (DCL), which should also be a Weekly Cycle Low (WCL).
To show that this year-long range has been an ACCUMULATION pattern rather than a DISTRIBUTION pattern, Kaspa has to stay above...
Kaspa is right in the timing window for a DCL (60-day cycle) ending Jan 9th. It has confirmed a break above the downward-sloping blue trendline.
It has either put in a DCL/WCL already or still has a few days.
(If it drops below 0.112450, the new DCL/WCL will be created).
This will be a good sentiment reset and allow for strength upcoming.
As always, BTC still...
