Kaspa (KAS) has shown positive momentum in recent days, increasing by 5% to $0.098. This movement comes amidst the upcoming 'Kaspa Experience' conference in Berlin and heightened interest in BlockDAG technology.
Current Market Overview
Currently, KAS is priced at $0.09809, reflecting a 4.98% increase over the last 24 hours, although trading volume has dropped by 8%. The price remains comfortably above the support level of $0.092.
Kaspa Chart Analysis
The KAS chart indicates a bullish trend, with consistent higher highs and higher lows established since mid-June. Key support levels are at $0.092 and $0.087, while resistance is anticipated around $0.10.
Price Predictions and Potential Scenarios
KAS forecasts highlight three main scenarios. Bullish: A strong close above $0.10 could propel the price to $0.110-$0.120. Neutral: If $0.10 acts as a cap, KAS could range between $0.085-$0.10. Bearish: A dip below $0.087 could see prices fall to $0.084-$0.080.
Kaspa continues to maintain its upward trend, with the key resistance level at $0.10 being crucial for determining the price's future direction.
