Kaspa is showing early signs of recovery after a prolonged downturn, with a 4.78% rise and currently trading at $0.07697.
Current Market Overview
The price of Kaspa has broken above the 9-day moving average, now holding above the former resistance which has turned into short-term support. Momentum appears to be building, but buyers still face strong resistance near the $0.080 level.
Kaspa Technical Analysis
Today's candle shows some hesitation near the top of the range, indicating that bulls are not fully in control yet. Overall, the chart suggests buyers are regaining confidence as long as they can hold above key support levels.
Price Prediction for Kaspa
If Kaspa can break and hold above $0.080, it could move towards $0.090 or even $0.100. Conversely, if the price drops below $0.067, further declines to $0.063 or even $0.060 could occur.
Kaspa continues to demonstrate signs of strength, yet the resistance at $0.080 remains a significant barrier. Clear direction is needed for future movements.
