The Kaspa cryptocurrency recently showed some growth after bouncing off its lows; however, it continues to face key resistance levels.
Current Market Situation
Currently, the price of Kaspa is $0.07453, but it is still trading below a key trendline that has limited its growth since May. After finding support in the $0.065–$0.067 range, the price showed a bounce, yet it has not broken through the level that has capped all recent rallies.
Technical Analysis of Kaspa
According to the current analysis, the price of Kaspa has fluctuated between $0.070 and $0.075 in recent days, indicating a neutral short-term outlook. The RSI indicator sits at 51.93, and trading volume remains stable. Indicators show mixed signals, which raises caution among traders.
Kaspa Price Forecast
In a positive scenario, breaching the $0.076 level with high volume could open the way to $0.080–$0.090. The neutral scenario suggests the price will remain within the $0.070–$0.075 range, while a negative scenario may see a drop below $0.067, potentially leading to a fall to $0.063 or $0.060.
Kaspa has shown a significant bounce off support levels, but a confident turnaround requires breaking through key resistance levels. The current situation necessitates further observation of market volumes and actions.
