Kaspa (KAS) Price Prediction: Rebound Ends and Still in Trouble, $0.090 Trend Line is the Real Test

Kaspa (KAS) has ended its Rebound trend, and today (15th) it has pulled back to around 0.0840 USD in the Asian early session. Although the price had been rising until today, it is currently facing a trend line that has been preventing the upward movement since May. Analysts believe that KAS needs to break through 0.090 USD to truly reverse the trend.

KAS's daily indicators appear bullish, but traders still need to see more momentum to call it a breakout. After finding support around $0.062, KAS has started to continuously climb higher lows and has broken above the 9-day moving average. Currently, the stock is below $0.090, which is just at the trendline resistance.

KAS Price Analysis

According to Captain Altcoin, the chart for KAS shows that the market trend is quite clear. Starting from the high of $0.14 in May, the trend line has shown a downward trend. Currently, the price is pumping, and since June, we have seen a series of higher lows supporting the price increase.

As long as KAS remains above the 9 moving average and holds above the level of 0.080 dollars, the bulls are in control. However, if the price breaks below that trend line again, it may fall back to 0.073 dollars.

To turn the entire setup bullish, the KAS price needs to strongly close above 0.090 USD. This could pave the way for the next 0.10-0.105 USD.

All indicators point to a continued strengthening. Currently, the buying power is dominant, but a breakout still needs confirmation.

(Source: Trading View)

KAS Price Prediction

Bullish Scenario:

If the daily closing price stabilizes above $0.090, the price may rise to $0.10 or even $0.105 in the short term.

Neutral Situation:

If the KAS price cannot break through the trend line, we may stay between 0.080 and 0.090 dollars until some change occurs.

Bearish Scenario:

A drop back below $0.080 will return control to sellers and revert to the range of $0.073 to $0.075.

Summary

The price of KAS looks stronger than a few weeks ago, but it has not yet emerged from the predicament. The trend line around $0.090 is the real test. If the bulls can break through that line, we can expect to see another pump.

However, before this, the charts still lean towards caution. Pay attention to the trading volume and the closing price of $0.090, as this will set the tone for the next trend.