Kaspa (KAS) is showing interesting changes as it rises to resistance after a prolonged decline.
Current Situation Overview
After weeks of decline, KAS price reached $0.08708, increasing by 7% during the day. The current price is on the verge of a key resistance zone while facing pressure from the 100-day moving average.
Technical Analysis
Current technical indicators show that KAS is trading above its 100-day moving average, which is important for trend watchers. Strength indicators such as RSI indicate bullish momentum, but CCI warns of potential overbought conditions.
Kaspa Price Forecast
If the breakout above $0.090 is confirmed, the next resistance level may be in the range of $0.10 to $0.108. However, a bearish scenario is also possible, with the price potentially retracting below $0.080 if it fails to overcome the current trendline.
Kaspa is at a critical point where its current movement may lead to either an increase or a decrease, depending on price behavior in the upcoming hours.
