Kaspa (KAS) continues to experience selling pressure despite recent bounce attempts. The current price stands at $0.06718, and buyers are yet to make a significant breakthrough.
Current Market Situation
Kaspa remains under pressure while trading around the $0.06718 level. The last few days have seen buyers attempting to gain a foothold above the support zone at $0.065, but larger sales continue to cap prices below a descending trendline that has constrained all upward attempts since early May.
Technical Analysis
The current chart structure indicates the formation of lower highs, supporting the bearish trend. Indicators such as ADX and CCI reflect weak bullish activity, whereas MACD suggests that bearish sentiment persists. As long as prices stay below the $0.075 level without strong volume, the prospect of significant upward movement remains in question.
Kaspa Price Prediction
At this stage, three possible scenarios are forecasted:
**Bullish Scenario:** A breakout above $0.075 may lead to a rise towards $0.090.
**Neutral Scenario:** If the support at $0.070 holds, Kaspa may remain within the range of $0.070 to $0.075.
**Bearish Scenario:** A close below $0.064 could trigger fresh selling towards $0.060 and possibly $0.055.
Currently, Kaspa faces a strong bearish sentiment. Until a significant breakout above $0.075 occurs, the price is likely to remain under pressure. A close below $0.064 would confirm the continuation of the bearish trend.
