Following a recent surge of 15%, Kaspa (KAS) has drawn attention due to signals indicating a bullish market trend. This article explores the current market situation and future predictions.
Bullish Buy Signal Reappears on the Daily Kaspa Chart
The Kaspa chart is showing a buy signal, indicating a potential bullish reversal. After a steep drop in June, KAS established a local bottom around $0.07 and is now showing signs of upward momentum.
Key Points:
* **Price Structure**: A local bottom has been established around $0.07, with higher lows forming. * **EMA Ribbons and Color Zones**: The price is attempting to reclaim the 0.618 Fibonacci level near $0.0845–$0.0855. * **Area of Interest**: A key level is the zone around $0.11–$0.12, which previously served as resistance. * **Green Box Signal**: Marked as a "Buy Zone" or "support retest".
Price Prediction for Kaspa in July
According to the chart, immediate resistance lies at the 0.5 Fibonacci level (~$0.0875). If KAS establishes support above this level, the next key target is the 0.382 level around $0.094, aligning with June highs. Should market conditions remain stable, this may lead to a potential price of $0.12 by the end of July. However, the strong intraday volatility of Kaspa warrants attention, with confirmations needed for volume and candle closes above $0.09.
Market Overview and Recommendations
Currently, trading volumes are muted across much of the altcoin market, yet Kaspa's relative strength and the return of bullish signals serve as positive indicators. Historically, similar conditions have led to comparable trends. Traders should closely watch for confirmations with strong volumes and analyze overall market conditions.
Kaspa is displaying new time signals of growth, highlighting potential opportunities. Keeping track of market changes and analyzing charts will provide essential data for future trading strategies.
