As of August 13, the price of Kaspa (KAS) continues to fluctuate around the $0.10 level, where buyers and sellers are vying for control. Despite bullish sentiments, there is currently no clear strength in the trend.
Current Price Analysis
Currently, KAS is priced at $0.09906, with a 24-hour change of +10.33%. Over the last few days, after bouncing from the rising trendline, KAS managed to rise above its 200-day SMA and is now testing resistance in the $0.10-$0.102 range. Key support is found in the $0.089-$0.090 range.
Technical Indicators
Technical analysis reveals mixed signals: the MACD shows a bullish crossover while ADX indicates a weak trend. The RSI stands at 56.40, suggesting neutral to bullish market sentiments. Most momentum signals point upwards, but the trend itself is not strong.
Predicted Scenarios
There are several scenarios for KAS's price movement. A confident close above $0.10 could push the price toward $0.105-$0.110 with increased volume. If KAS fails to break through $0.10, it may remain within the range of $0.085 to $0.10. If it drops below $0.087, a decline to $0.084-$0.085 or even $0.080 could occur.
Kaspa’s price remains pressured near the $0.10 level, and it is unclear which direction the next significant breakout will happen. Traders may choose to wait for a solid breakout above or below key levels.
