The price of Kaspa cryptocurrency shows signs of recovery after a drop that occurred in early August. After a sharp decline to $0.0799 on August 1, the price has returned to the $0.09 range.
Kaspa Price Dynamics
After the sharp drop to $0.0799 on August 1, Kaspa's price began to recover and is currently fluctuating around $0.0944. This indicates that buyers continue to sustain interest in this cryptocurrency.
Kaspa Chart Analysis
The Kaspa chart shows a noticeable change in momentum compared to the beginning of the month. In late July, the price pushed above $0.11 reaching $0.1189, but a subsequent correction followed. From August 2, KAS began forming higher lows, which signals buyers are defending lower price levels.
Forecasts for the Coming Week
Predictions suggest that if the price of Kaspa maintains above $0.092, an upward movement towards $0.098 and $0.10 is possible. A breakout above $0.10 with volume could lead to movement towards $0.105. Conversely, a drop below $0.090 could trigger selling pressure, resulting in a decline towards $0.087.
Kaspa's price remains in a state of recovery, although market conditions remain uncertain. Buyer expectations and levels of support will be key factors in the coming days.
