Kaspa's (CRYPTO:KAS) recent attempts at recovery are faltering, with the cryptocurrency experiencing a significant price correction that could deter bullish investors.

The last 24 hours have seen a 10% drop in Kaspa's value, triggering over $404 million in long position liquidations within just two days.

This downturn has left traders hesitant to place further bets on a Kaspa rebound, especially as current price indicators provide little support for an optimistic outlook.

The Relative Strength Index (RSI) points to a bearish sentiment, sitting below the neutral threshold and indicating investor pessimism that may lead to further declines in Kaspa's market value.

Predictions suggest Kaspa could see a decline to $0.117, and possibly even to $0.103, marking a potential 17% decrease unless it manages to recover from these support levels and challenge existing resistances.