Kaspa ( KAS ) price prediction: $0.12 resistance suppression retreat, short-term bullish and bearish showdown at the key level of 0.099.

The price of Kaspa (KAS) has come under pressure after failing to break through the long-term resistance level (between $0.115 and $0.117), currently reported at $0.09945, falling below the 9-day MA. The forecast from yesterday that "if it cannot break through $0.12, it will pull back to $0.099-$0.093" has been fulfilled as expected, with a daily decline of 4.62%. The coin price is currently at a critical point for bulls and bears. If it loses the short-term support at $0.099, it may dip to $0.093/$0.090 or even $0.080 (previous important higher lows); conversely, if it stabilizes and rebounds, the short-term upward trend can still continue.

KAS price encounters resistance and falls back, key support is under test

Kaspa's price is once again under pressure after approaching the long-term resistance level. Earlier this week, KAS reached the 0.115-0.117 USD range but failed to effectively break through. The current price has retreated to 0.09945 USD, slightly below the 9-day MA, and traders are closely watching the subsequent trends.

The steady upward momentum that started in late June seems to be weakening. Although the long-term downtrend line formed at the end of 2023 still exerts pressure, the current focus has shifted to the testing results of the short-term support level.

Yesterday's prediction was precisely validated, and the technical support level is critical

In yesterday's analysis, we clearly pointed out that if KAS cannot break through the 0.120 USD level, it may retreat to the 0.099-0.093 USD range - this prediction aligns perfectly with the actual market trend.

The KAS price has fallen over 4% after encountering selling pressure at the resistance level, and it has now broken below the psychological barrier of 0.100 USD. We also warned that losing the 9-day MA would put pressure on the short-term trend, and this technical level is currently under test.

Kaspa Key Data Overview (July 25)

• Current Price: 0.09945 USD
• 24-hour price change: -4.62%
• Trading volume: After a recent surge, it shows signs of cooling down.

The current KAS price is at a crossroads: if it can rebound from this position, the short-term upward trend is likely to be maintained; otherwise, it may test deeper support downwards.

Technical charts reveal key points of the bull-bear contest

From a macro perspective, Kaspa is still in a downtrend, with the price repeatedly facing resistance and falling at the same descending trend line. Although the rebound over the past month has given bulls some hope, unless the KAS price can effectively break through 0.117 USD, the overall downward structure remains unchanged.

If the current support level is breached, the price may retreat to the following key positions:

1. 0.093 USD (recent support zone)

2. 0.090 USD (psychological round number)

3. 0.080 USD (previously significant higher lows)

   

Technical Indicator Analysis (Daily Level)

• RSI (Relative Strength Index): Retraced from the overbought zone, now located in the neutral area
• MACD (Moving Average Convergence Divergence): The histogram has turned from positive to negative, and the fast and slow lines are closely bonded at a high position.
• Trading Volume: The volume increases during the rebound and decreases during the pullback.
• Summary: The indicators still show some strength, but if KAS cannot maintain the current support level, upward momentum may further weaken.

Potential Market Path in the Next 24-48 Hours

• Bullish Scenario： If KAS breaks through the 0.120 USD resistance level with increased volume, it is expected to target 0.135 USD and even 0.140 USD.
• Neutral Scenario: The KAS price is fluctuating in a narrow range of 0.099-0.105 USD, waiting for a clearer directional signal.
• Bearish Scenario: A valid fall below the 0.099 USD support may trigger further dips, targeting 0.090 USD or 0.085 USD.

Conclusion: Key support becomes the lifeline for bulls and bears, and changes in volume determine the direction of the market

Kaspa is currently at a sensitive technical position, and bulls must firmly defend the $0.099-$0.100 line, or they will face the risk of a trend reversal. Before the price effectively breaks through the resistance (0.12 USD) or dips below the support (0.099 USD), the market may continue to exhibit a consolidation pattern. Investors need to closely monitor the changes in trading volume and the dynamics of the long-term downtrend line, as a breakout by either side will set the tone for KAS's future trend.