Amid the ongoing market recovery, Kaspa's price shows positive signs, having risen by 6.5% and is currently near an important resistance zone at $0.90.
Current Situation Overview
Kaspa is currently trading at **$0.08898**, just under the key $0.090 level. This price zone has become important due to a significant number of short positions that traders are closely monitoring.
According to a recent article, a breakout above $0.090 could liquidate nearly 12 million short positions. This could prompt a rapid move upward. Over the last 24 hours, Kaspa has slipped by about **0.49%**, yet it remains above the previous day's figure. On the 4-hour chart, the RSI is at 51.69, indicating neutral market sentiment.
Kaspa Chart Analysis
Kaspa’s price action over the past few weeks shows a clear transition from a steep downtrend to a sideways range. After falling from its May high near $0.135, KAS found support near $0.075.
Since then, it has gradually climbed back up and is currently stuck between **$0.085 and $0.090**. This zone has acted like a pressure point, with buyers and sellers fighting for control. $0.090 now serves as the next big test: it’s not just a resistance level on the KAS chart, but also a key trigger for a short squeeze.
Kaspa Price Forecast
If Kaspa breaks through $0.090 with solid volume, the price could jump quickly. This would confirm a short squeeze and pave the way for a move towards $0.095 or even $0.100.
If Kaspa remains below $0.090 but holds above $0.085, the price is likely to move sideways. In this case, it may stay in the range of $0.086 - $0.089 until stronger signals emerge. If the price fails to hold above $0.085, sellers might regain control, potentially driving the price down to $0.080 or $0.075.
At this point, it all hinges on the battle for $0.090. Should the bulls prevail, the day could turn explosive. Otherwise, expect more sideways action or a deeper pullback.
