Kaspa (KAS) continues to face challenges in the market, failing to maintain support levels while showing bearish trends.
Current Market Situation
Currently, Kaspa is trading at $0.07177, experiencing pressure after a significant drop from mid-May peaks. The price has declined by 10.50% in the last 24 hours, and the current momentum does not indicate a reversal possibility.
Technical Indicators and Their Interpretation
Current indicators show a bearish structure, and the absence of a confident price increase leaves Kaspa vulnerable. The MACD value of -0.001 indicates bearish momentum. The ADX at 68.234 confirms a strong downtrend.
Future Predictions
Price scenarios for Kaspa reflect various possible actions: should the price break above the $0.090 level, it may signal a trend reversal. Otherwise, further decline is possible, especially if the support level at $0.070 fails.
The current market situation for Kaspa indicates a lack of strong bullish momentum. If key support levels break, price may drop to $0.060 or even $0.055. Unless significant changes occur, Kaspa is likely to remain within the current range.
