In the cryptocurrency market, the price of Kaspa (KAS) remains within a tight range after losing momentum in early August. This article examines the current situation, key levels, and predictions for the near future.
Current Situation Analysis
At the moment, the price of KAS hovers just above the $0.090 mark after falling from $0.096. The support level of $0.090 is critical, and if broken, it may lead to a decline to $0.085. It is worth noting that the previous prediction highlighted $0.10 as a key breakout level.
Technical Indicators Overview
Technical indicators show that the KAS price is currently balanced. The RSI value is at 50.78, indicating a lack of strong trend. Meanwhile, the ADX points to a weak bullish trend, and the MACD reflects early signs of bullish momentum. Overall, trading volume has decreased, indicating that traders are awaiting clearer signals from the market.
Possible Price Movement Scenarios
Among the potential scenarios for KAS are:
- Bullish: If the price breaks above $0.10, it could aim for the $0.105–$0.110 range.
- Neutral: If the price continues to hover around $0.10, it may stick between $0.085 and $0.10.
- Bearish: A drop below $0.090 could lead to testing $0.085 or even $0.080.
The KAS price is at a critical level. Breaking above $0.096–$0.10 could give bulls a chance to run, while dropping below $0.090 would shift the sentiment to bearish. Traders should closely monitor further movements.
