On July 22, Kaspa (KAS) reached $0.118 but has since retreated to $0.1126. However, the price has increased more than 50% since July lows.
Current Price and Performance
The current price of Kaspa stands at $0.1126, which is 1.71% lower than the previous day. Despite the pullback, KAS remains significantly above its July lows. The current price is still above the 9-day moving average ($0.0969), indicating a sustained bullish trend.
Technical Indicators
Indicators show the following values: RSI is at 76.19, indicating overbought levels; ADX is at 59.37, confirming a strong trend. The MACD shows a bullish crossover, yet the CCI is at 225.06, signaling potential pullback risks.
Kaspa Price Predictions
If KAS can break and close above $0.120, it may lead to a rapid upward movement towards the $0.135–$0.140 range. If consolidation occurs, the price may hover between $0.105 and $0.117, while a drop below the 9-day moving average may see it retreat to $0.090 or $0.085.
Kaspa shows strong price growth, yet it faces critical resistance levels. The current market situation necessitates careful observation of price movements in the near term.
