Is Kaspa (KAS) Facing Resistance and Correction Concerns?

Kaspa (KAS) has experienced an impressive 1000% surge in 2023, sparking concerns among investors about the possibility of an impending correction

Since October 2022, KAS has witnessed four golden crosses, each being trailed by a significant rally

According to the Elliott Wave Theory, there are indications that this cryptocurrency is poised to enter its fifth bullish wave

However, there is reason for caution as KAS recently encountered difficulty breaking through a critical resistance zone, suggesting the presence of bearish pressure at this level

If KAS fails once more to breach this resistance zone, it could potentially experience a decline, possibly reaching as low as $0.032.