The price of cryptocurrency Kaspa (KAS) continues to face pressure at a resistance level but remains influenced by several favorable factors. Let's review the current market situation and price predictions.
Current Market Situation
Currently, the price of Kaspa is $0.07746, which is 3.33% higher than the past 24 hours. The coin is still testing a significant descending resistance line, hovering just below the $0.080 level. The market is experiencing moderate trading volume, although it is not showing any clear increase.
Technical Analysis
The 4-hour chart analysis shows that Kaspa is in an overall downtrend since the price reached above $0.09 earlier in June. The current situation indicates that the price has approached the resistance line again but has not managed to close above $0.0785. Technical indicators show mixed signals, with clear signs of weak momentum.
Kaspa Price Predictions
Price predictions for Kaspa are divided into three scenarios. In the bullish scenario, a breakthrough above $0.080 with high volume could lead to a rally to the range of $0.084–$0.088. The neutral scenario suggests that the price will remain in the range of $0.074 and $0.078 until a breakout with significant volume occurs. The bearish scenario suggests that if the price drops below $0.074, it may fall further to support at $0.070 or even lower.
Overall, the price of Kaspa is at a key resistance zone. Traders are closely watching the $0.080 level, which, if broken with increasing volume, could open doors for growth. Before anticipating decisive actions in the market, it is essential to observe price behavior within the range of $0.074 and $0.078.
