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Kaspa (KAS) Price Prediction: Must break through the descending trend line; need to surpass $0.117 to reverse the overall structure.
Kaspa (KAS) is under pressure again after being blocked near the long-term resistance level. Today (25th) in the Asian session, it is temporarily reported at 0.096 USD, with a daily fall of over 7%. Earlier this week, KAS reached the range of 0.115 USD to 0.117 USD but failed to break through.
Currently, the KAS price has fallen to $0.09945, slightly below the 9-day moving average, and traders are closely watching the next movement.
Since the strong rise at the end of June, the momentum seems to be weakening. The trend line since the end of 2023 remains solid, and the KAS price is currently testing the short-term support level.
The KAS price is at a crossroads. If it can bounce back from here, the short-term upward trend may be maintained. If not, it may retest deeper levels.
KAS Price Analysis
Overall, it still shows a downward trend, and KAS has repeatedly failed to break through the same downward trend line.
The rebound over the past month has given the bulls some hope, but the overall structure will not change unless the KAS price can break through the resistance level of $0.117.
If the current support level collapses, it may pull back to $0.093, $0.090, or even $0.080, which are significantly higher lows from the past.
Various indicators still show strength, but if KAS cannot maintain the current support, this momentum may weaken.
(Source: Trading View)
KAS Price Prediction
Bullish Scenario:
If KAS breaks through 0.120 USD, it may rise to 0.135 USD or 0.140 USD.
Neutral Scenario:
The KAS price fluctuates between $0.099 and $0.105, trading steadily until a clearer signal is issued.
Bearish scenario:
A fall below 0.099 USD may lead KAS to fall to 0.090 USD or 0.085 USD.
KAS is currently in a difficult situation. Bulls need to hold the price level between 0.099 and 0.100 USD, otherwise they may lose momentum.
Unless the KAS price breaks through or breaks down, today's trend may just be further consolidation. Focus on the trading volume and trend lines; whichever appears first could set the tone for the next move.