Kaspa Eyes Breakout as Price Holds Strong Above Key Support
- Kaspa bounces back over 5.71%, with bulls now eyeing the $0.08 mark.
- The breakout eyed $0.080, with the potential for a rally toward $0.096 and beyond if volume returns and resistance gives way.
Kaspa (KAS) is back in the green, pushing toward the $0.080 mark after bouncing back over 5.71% in the past 24 hours. The sharp recovery highlights renewed buying strength across short-term technicals, signaling that bulls may be preparing for a fresh breakout. With momentum indicators flipping positive and volume gradually returning, KAS now trades within striking distance of a crucial resistance zone
KAS price has retreated slightly since tapping a local high of $0.0833 but continues to hold above its short-term support near $0.071. Over the last week, price action has formed a horizontal structure where bulls and bears effectively stand. This range-bound setup reflects indecision but not weakness.
Zooming out, the bigger picture remains constructive. KAS is still trading within the broader channel between $0.068 and $0.124, which has contained price action since mid-March. A clean break above this channel could open the door for a sharp upside push, especially if backed by rising volume.
The near-term target to watch is $0.080, where previous attempts to rally have been rejected. Clearing this zone could put $0.0833 back on the table, followed by a more extended move toward $0.096641. On the downside, if support at $0.071 fails to hold, the following key demand zones are found at $0.068446 and $0.055521.
Technical Indicators Flip Bullish as Price Eyes Breakout
Under the hood, Kaspa’s technical momentum has eased slightly, but there’s no sign of a shift into bearish territory. Most indicators confirm what the chart tells us—momentum has slowed, but the structure remains intact.
The Relative Strength Index (RSI) sits comfortably at 56 in neutral territory, reflecting a balanced market. The MACD has flattened, signaling a pause in directional strength but not a reversal.
Meanwhile, oscillators like the Commodity Channel Index (CCI) and the Ultimate Oscillator continue to lean positive, supporting the idea that buyers are still quietly active beneath the surface. In short, indicators aren’t flashing “go” signals but do not suggest a breakdown. This reinforces the notion that price action—not indicators—is currently doing most of the talking.
If buyers step in at current levels and push KAS past the $0.080 resistance, that could trigger a run toward the next central zone, around $0.096641 and potentially $0.124536 if momentum builds.
For those tracking longer-term projections, the 2025 outlook remains bullish, especially if KAS reclaims territory above $0.0833 and sustains weekly closes above it. If that happens, the next macro-level resistance to watch is $0.211413—a price level that matches the long-term Fibonacci extension from early-year price moves.
Overall, Kaspa shows relative strength compared to other altcoins that have given up more ground recently. While the market awaits confirmation, KAS remains on the radar for traders watching for breakout setups—and the current range might be the calm before the next directional move.
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Kaspa Eyes Breakout as Price Holds Strong Above Key Support
- Kaspa bounces back over 5.71%, with bulls now eyeing the $0.08 mark.
- The breakout eyed $0.080, with the potential for a rally toward $0.096 and beyond if volume returns and resistance gives way.
Kaspa (KAS) is back in the green, pushing toward the $0.080 mark after bouncing back over 5.71% in the past 24 hours. The sharp recovery highlights renewed buying strength across short-term technicals, signaling that bulls may be preparing for a fresh breakout. With momentum indicators flipping positive and volume gradually returning, KAS now trades within striking distance of a crucial resistance zone
KAS price has retreated slightly since tapping a local high of $0.0833 but continues to hold above its short-term support near $0.071. Over the last week, price action has formed a horizontal structure where bulls and bears effectively stand. This range-bound setup reflects indecision but not weakness.
Zooming out, the bigger picture remains constructive. KAS is still trading within the broader channel between $0.068 and $0.124, which has contained price action since mid-March. A clean break above this channel could open the door for a sharp upside push, especially if backed by rising volume.
The near-term target to watch is $0.080, where previous attempts to rally have been rejected. Clearing this zone could put $0.0833 back on the table, followed by a more extended move toward $0.096641. On the downside, if support at $0.071 fails to hold, the following key demand zones are found at $0.068446 and $0.055521.
Technical Indicators Flip Bullish as Price Eyes Breakout
Under the hood, Kaspa’s technical momentum has eased slightly, but there’s no sign of a shift into bearish territory. Most indicators confirm what the chart tells us—momentum has slowed, but the structure remains intact.
The Relative Strength Index (RSI) sits comfortably at 56 in neutral territory, reflecting a balanced market. The MACD has flattened, signaling a pause in directional strength but not a reversal.
Meanwhile, oscillators like the Commodity Channel Index (CCI) and the Ultimate Oscillator continue to lean positive, supporting the idea that buyers are still quietly active beneath the surface. In short, indicators aren’t flashing “go” signals but do not suggest a breakdown. This reinforces the notion that price action—not indicators—is currently doing most of the talking.
If buyers step in at current levels and push KAS past the $0.080 resistance, that could trigger a run toward the next central zone, around $0.096641 and potentially $0.124536 if momentum builds.
For those tracking longer-term projections, the 2025 outlook remains bullish, especially if KAS reclaims territory above $0.0833 and sustains weekly closes above it. If that happens, the next macro-level resistance to watch is $0.211413—a price level that matches the long-term Fibonacci extension from early-year price moves.
Overall, Kaspa shows relative strength compared to other altcoins that have given up more ground recently. While the market awaits confirmation, KAS remains on the radar for traders watching for breakout setups—and the current range might be the calm before the next directional move.
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