This article examines the current price state of the cryptocurrency Kaspa (KAS) and provides forecasts for August 15, 2023.
Current State of Kaspa
As of now, the price of Kaspa is at $0.08956. Since reaching a peak of $0.118 in July, the price has been fluctuating between support and resistance levels, particularly at $0.10. Sellers are defending the $0.10-$0.105 zone.
Technical Analysis and Indicators
Recent indicators show that the price is holding at the support level of $0.085 but struggles to break through resistance at $0.10 and $0.105. Key indicators: RSI is at 48.70, indicating a neutral signal.
Price Movement Scenarios
The forecasts for Kaspa price are as follows:
**Bearish Scenario:** Closing below $0.087 could lead to a drop to $0.084-$0.085 or even $0.080.
**Neutral Scenario:** The price is stuck between $0.085 and $0.10 until clear signals for movement emerge.
**Bullish Scenario:** A break above $0.10 could target the range of $0.105-$0.110, possibly even $0.118-$0.120 if momentum picks up.
Currently, the price outlook for Kaspa remains uncertain, with critical resistance and support levels. The coming days are expected to be decisive for future movement.
