Kaspa (KAS) demonstrates signs of recovery after a prolonged downturn. The current price hovers around $0.079, with signs of buyer interest appearing.
Current Price and Technical Levels
Over the past few weeks, Kaspa has maintained stability, staying above its recent low near $0.065. From this point, the price has bounced back and is now just below the resistance zone around $0.080–$0.082, a challenging level to break.
200-Day Moving Average as Resistance
In a broader context, Kaspa remains below its 200-day moving average, currently at $0.094, serving as a significant resistance level. Until the price closes above this line, many traders will remain cautious. A break above this moving average could pave the way for an upward move toward $0.100 or higher.
Short-Term Price Prediction for Kaspa
Recent price action indicates that buyers are defending key support zones, with $0.075 being crucial. If the price stays above this level, there might be another attempt at breaking through the $0.080 resistance. Successful break could lead to further increases towards $0.090, potentially testing the 200-day MA near $0.094.
Kaspa is signaling recovery, holding steady at crucial support levels while building a base, yet it still faces significant resistance ahead.
