The price of the cryptocurrency Kaspa (KAS) continues to decline, remaining under pressure at $0.06825. Recent weeks have shown a lack of buyer interest, reflecting general negative trends in the market.
Current Situation in the Kaspa Market
Currently, the KAS price stands at $0.06849, reflecting a decrease of 1.86% in the last 24 hours. The price remains under pressure, staying below a descending trendline, and shows low trading volume.
Technical Analysis and Indicators
Technical indicators confirm a bearish trend. The MACD value indicates weak momentum, while the ADX shows a strong downward trend. The CCI and Ultimate Oscillator indicators also indicate that selling pressure outweighs buying interest.
Price Predictions for Kaspa
Currently, three scenarios are possible: 1) Bullish - breakout above $0.077 with increased volume, 2) Neutral - price holding within the range of $0.070 - $0.075, 3) Bearish - daily close below $0.068, potentially leading to further declines to $0.060 or $0.055.
Kaspa (KAS) continues to face strong selling pressure, and the current market situation shows no signs of recovery. The future price behavior depends on whether it can hold above key support levels.
