The price of the cryptocurrency Kaspa continues to display positive results, having increased by more than 8% in the last 24 hours. Investors and traders are closely watching market developments.
Current Market Situation
Kaspa's current price is $0.1121, up 8.34% in the last 24 hours. Trading volume has increased by 104%, indicating active buying from traders. The price remains supported by the 30-period EMA and an ascending trend line. The current focus is on overcoming resistance in the $0.117–$0.12 range.
Analysis of Yesterday's Predictions
A bullish scenario was anticipated yesterday if KAS could hold above $0.101. This expectation was met, as the price broke through that resistance and quickly reached the $0.11 zone. The support in the $0.098–$0.101 range was sturdy, allowing bullish momentum to continue.
Kaspa Price Outlook and Predictions
Based on current analysis, there are several scenarios for the future price movement of Kaspa. If the price closes above $0.12, the currency may continue its rise toward $0.125. In the event of consolidation, KAS may fluctuate between $0.105 and $0.117. If it drops below $0.10, the ascending trend line and the $0.085 area will provide primary support.
Overall, Kaspa's price remains within a bullish trend with key support levels intact. Traders and analysts are watching to see if the market can overcome the current resistance and continue its upward trajectory.
