Currently, the price of Kaspa (KAS) is fluctuating in the range between $0.082 and $0.085 under selling pressure.
Current Market Situation
The price of KAS today stands at $0.085, which is within a key demand zone. The market's momentum appears weak with sellers maintaining control, although MACD hints at a potential small bounce if buyers step in. Since losing its upward trendline on July 28–29, KAS price has been unable to climb back above $0.090, raising the question of whether the $0.082–$0.085 support range can hold or if bearish pressure will push the price down further.
Technical Indicators
The 4-hour chart shows the Kaspa price cooling off after a steep drop from $0.122. The trading volume is low, and the market appears quiet. Technical indicators confirm a slight bearish trend, although MACD gives an early sign of potential recovery. The indicators show:
- **RSI:** 46.82 – Neutral - **ADX:** 18.25 – Weak trend - **CCI:** -140.23 – Bearish pressure, oversold zone - **ROC:** -0.516 – Mild selling pressure.
Price Prediction Scenarios
There are three main scenarios for KAS:
- **Bullish Scenario:** If KAS breaks above $0.090, it may rally to $0.095–$0.10. - **Neutral Scenario:** If the $0.082 support holds, KAS price will fluctuate between $0.082 and $0.090. - **Bearish Scenario:** If it drops below $0.082, KAS could quickly drop to $0.077 or even down to $0.070.
KAS price is in a state of uncertainty, with traders closely monitoring the situation. The next breakout of either support or resistance levels will likely determine the direction of future price movements.
