Kaspa (KAS) Price Prediction: Revisiting the Key Resistance at $0.09, Traders Focused on the Final Breakthrough Moment

The price of Kaspa (KAS) has been quietly rising over the past few weeks, having rebounded from around $0.066 at the end of June, and has been steadily increasing. Today (16th) during the Asian afternoon session, KAS is reported at around $0.088, retesting the significant resistance level of $0.090, with traders closely watching for the final breakout moment.

The 9-day moving average shows an upward trend, and the KAS price has remained above this level for most of July. Momentum looks strong, but there has not yet been a significant breakout.

The price of KAS is still developing in the right direction. It is forming an ascending channel and is being squeezed by a long-term trend line, which has been rejecting any significant rebound since May.

KAS Price Analysis

According to Captain Altcoin, the chart of KAS looks quite constructive. The price is continually setting new lows and new highs. It has been steadily rising and is testing the orange downward line drawn from the high of $0.13 in May.

The support level remains solid. It acts like a safety net in the $0.083-$0.084 area, slightly above the 9-day moving average. If this area is broken, the next support level will be around $0.078. But so far, buyers are still defending.

If the price of KAS can close above 0.090 USD, the breakout is underway, and targets such as 0.098 USD and even 0.11 USD are starting to become more realistic.

All indicators point to continued bullish pressure, with ADX indicating that the trend will continue to pump. RSI, MACD, and ROC all point to continued pump. There is currently no bearish divergence.

(Source: Trading View)

KAS Price Prediction

Bullish scenario:

The closing price on that day exceeding 0.090 USD may open the door to 0.098 USD, and if the momentum continues, it could even push towards 0.11 USD.

Neutral Scenario:

If the KAS price is rejected again, further fluctuations are expected between $0.080 and $0.090, as traders are waiting for a stronger push.

Bearish scenario:

If KAS falls below 0.080 USD, control will revert back to the bears. At that time, a move towards 0.075 USD or even 0.066 USD may occur again.

Summary

The price trend of KAS is flat, with no drastic fluctuations, just steadily and controllably moving upwards. The descending trend line around $0.090 remains a key resistance.

Breaking through this level may indeed start to rapidly strengthen momentum. Meanwhile, the $0.083 to $0.090 range is worth paying attention to. KAS's performance in this area could set the tone for the remainder of the week.