Kaspa (KAS) on May 13 continues to show interest from traders despite a recent price correction.
Current Market Situation
After a sharp rise to $0.131, KAS price has pulled back to around $0.112. The current support zone of $0.111–$0.113 remains a key area for trading, where bulls and bears are facing off. Trading volume has increased by 35%, indicating high interest in the token even during the pullback.
Technical Indicators
The 4-hour chart still supports a bullish structure, but short-term weakness is starting to show. Indicators show that RSI at 42.39 indicates bearish momentum, while CCI is oversold. MACD shows a slight bearish crossover, and Bull/Bear Power confirms that bears have control at this moment.
Kaspa Price Forecast
Current forecast scenarios range from a pessimistic case where the price may drop to $0.098–$0.104, to an optimistic case where support at $0.111 may lead to further growth towards resistance in the $0.125–$0.130 range. Market dynamics will depend on whether buyers can maintain their positions.
Kaspa (KAS) remains in the spotlight for traders, and its future movements will depend on testing key support and resistance levels in the coming days.
