Kaspa (KAS) continues to face pressure after a significant price drop, experiencing more than a 30% decrease since July. In this article, we will examine the current market position and what to expect in the near future.
Current Market Situation
The current price of the Kaspa token stands at $0.08528, down by 0.45% over the past 24 hours. Since the price fell below the $0.12 mark, selling has dominated for several weeks. Support at the $0.082 level appears critical, and if this fails, the next support areas could be $0.075 and $0.070.
Technical Indicators Overview
Technical indicators show mixed signals. The MACD indicates a neutral trend, while the ADX suggests moderate trend strength in favor of buyers. The RSI and ROC indicate mild bullish pressure, but the CCI is at a high level, suggesting a potential need for a small correction.
Price Prediction Scenarios
Possible price movement scenarios for Kaspa:
**Bullish Scenario:** A breakout above $0.090 could lead to zones of $0.095–$0.10.
**Neutral Scenario:** If the $0.082 level holds, the price may continue to move sideways between $0.082 and $0.090.
**Bearish Scenario:** A failure at the $0.082 level could lead to a drop to $0.075–$0.070, and with increased selling pressure, testing of the $0.060 level may occur.
At this moment, the price of Kaspa (KAS) remains under pressure, yet there are still chances for recovery should key support levels hold. Future movements within the range of $0.082 and $0.090 will dictate the ensuing dynamics.
