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$KAS $KAS /USDT technical analysis
The current price is at 0.03903, below the major moving averages (MA5, MA10, and MA30), indicating continued bearish momentum.
Immediate Resistance Levels:
The first major resistance is at 0.04076. After breaking this level, a break above the 0.0425 level could lead to a short-term trend turnaround.
Key Support: The recent low at 0.03875 is a key immediate support level.
If it fails, the next important support level is expected at 0.0361.
Outlook: With the RSI approaching the oversold zone ( approaching 34.57) and the MACD remaining negative, a rebound is likely in the near term. However, before the KAS close fails to break above the pivot level of 0.041, it is biased towards further consolidation or a downward test.