Another Crypto Bloodbath – How Much Further Will Kaspa, Worldcoin & Toncoin Decline?

The digital currency market is experiencing a severe downturn, hitting several top contenders hard. Kaspa, Worldcoin, and Toncoin are among the biggest losers. As these cryptocurrencies plunge, investors are left wondering just how deep the decline will go. This article examines whether there's a recovery in sight and which coins might be poised for a rebound.

Kaspa: Price History and Key Technical Levels in Focus

Kaspa experienced notable price fluctuations, ranging from $0.058 to $0.115. Over the past month, it fell by approximately 23%, while in six months, the decline reached about 59%. A weekly drop of around 15% highlights the selling pressure on the coin. This performance reflects significant volatility and a loss of buyer confidence, indicating a challenging market environment for the asset.

Currently, Kaspa is trading between $0.058 and $0.115, with resistance noted at $0.15 and support around $0.04, along with a secondary resistance at $0.21. Bears dominate the market, as technical indicators reveal weak momentum and low oscillator counts, indicating no clear upward trend. Traders might consider waiting for stabilization at support for a potential bounce or look for short opportunities if the price does not reclaim key resistance levels.

Worldcoin Price Trends and Key Levels Shape a Cautious Outlook

Worldcoin saw a 26.79% drop over the past month and a 60.23% decline over the last six months, outlining a period marked by heavy losses. The coin’s steady fall reflects persistent bearish pressure without intermittent rebounds. The significant downturn over both time frames points to a market grappling with uncertainty, with traders witnessing repeated dips that signal an overall negative sentiment and underline the need for careful strategy adjustments.

The current price is holding between $0.78 and $1.62, with resistance near $2.13 and support at $0.46, along with a secondary resistance at $2.98. Bears appear to have the upper hand, though no strong trend is clear. Short-term trading could target moves near the resistance levels, while caution suggests buying closer to support with tight stop-loss orders.

Toncoin: Short-Term Gains Clash with Long-Term Weakness

A one-month gain of 7.2% alongside a weekly increase of 4.63% contrasts sharply with a six-month decline of 35.8%. Recent price increases indicate a touch of renewed buyer optimism, while the steep longer-term decrease points to ongoing challenges. The performance highlights a market with brief periods of bullish activity within an overarching downturn.

Toncoin currently trades between $2.53 and $4.52, facing immediate resistance near $5.72, with a secondary level at $7.71. Solid support is identified at $1.72. The balance between buyers and sellers keeps the price within this confined range. The RSI reading at 56.54 indicates a slight bullish tendency. Traders might consider buying near support and taking profits as the price approaches resistance levels.

Conclusion

Kaspa, Worldcoin, and Toncoin face ongoing challenges. Market conditions are harsh, and it is hard to predict how much further they might decline. Each has unique problems and varying levels of investor confidence. Kaspa struggles with adoption issues. Worldcoin faces regulatory concerns. Toncoin fights against poor market sentiment. Recovery is uncertain and largely dependent on market shifts and external influences. Investors should stay informed as the situation unfolds. Possible rebounds will depend on improvements in their use cases and investor trust.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.