Kaspa, a token that recently showed minor fluctuations, finds itself around the $0.089 zone after a rise from a local bottom at $0.0799. This article examines key levels of price dynamics, open interest, and indicator centers.
Price Movement
On the 4-hour chart, Kaspa is exhibiting choppy consolidation. Each attempt to push above $0.095 has faced selling, while the $0.085–$0.087 range provides strong support. This tight range indicates that traders are waiting for a significant move before making commitments.
Open Interest
Open interest sits around $475 million, slightly higher than last week. This suggests that positions are being built up gradually. An increase in open interest often indicates a sharp next move as both bulls and bears prepare for volatility.
MACD and RSI Indicators
The MACD is flat, hugging the zero line, indicating that momentum has cooled, and there are no strong bullish or bearish signals. However, the histogram shows smaller red bars, suggesting weakening selling pressure. The RSI is just above 50, showing neutral momentum.
Kaspa appears to be coiling up, with key support at $0.087 and resistance in the range of $0.095 to $0.10, indicating a decisive week ahead.
