Here’s How High Kaspa (KAS) Price Could Go This Week

The Kaspa (KAS) price enters the new week trying to recover after weeks of steady selling. The project has delivered big technical milestones, including record throughput of 158 million transactions in a single day and network scaling to nearly 450 active nodes. 

The Kasia decentralized messaging app also launched on Google Play, showing the network can support more than just payments. 

Kaspa even marked its fourth anniversary this month, showing how committed and supportive its community still is.

But even with all that progress, KAS has dropped more than 50% in the past 60 days, which shows just how rough the overall market has been. Now traders want to know whether this bounce can finally stick.

What the KAS Chart Is Showing

The 4H chart shows a clear downtrend that started in late October, with KAS falling from around $0.047 toward last week’s low near $0.036. 

That area has acted as support multiple times, and the Kaspa price is now trying to stabilize above it. The current trading level sits around $0.0388, where buyers are slowly stepping back in.

The first resistance sits near $0.040, which rejected price twice this week. If KAS manages to reclaim that level, the next barrier appears at $0.047, the breakdown zone from earlier in the month. 

However, a move above it would be the first real sign of trend reversal. On the downside, $0.036 remains the key support to protect. If it fails, momentum could shift sharply bearish again.

Read Also: Why ZCash (ZEC) Price Could Be Heading for a Crash in the Coming Days

Source: Coinank

Market Indicators

RSI on the 4H timeframe is sitting near 40 and curling upward. That suggests selling pressure is cooling and there’s room for recovery before the market becomes overheated. 

Open interest sits around $235 million and has remained mostly stable, meaning traders aren’t panicking or rushing into leveraged bets. 

Net long and net short positioning look balanced, which lines up with the sideways price action.

MACD has started to turn upwards after a long period of red bars and suggests improvement in momentum, but it is still early days. Indicators at this point suggest caution, not conviction.

KAS Price Short-Term Outlook This Week

The Kaspa price direction this week will depend on whether buyers can push through nearby resistance. 

If KAS breaks above $0.040 with decent volume, the chart suggests a move toward $0.044 and possibly $0.047. That’s the big level bulls need to reclaim to shift sentiment.

If the market weakens again, the KAS price could revisit $0.036. If KAS loses that support, this small rebound could disappear and the price may head lower again. And since the overall crypto market is still unstable, more volatility shouldn’t surprise anyone.

Right now, Kaspa seems like it’s trying to form a bottom after a long slide. The project itself still looks solid, the community is active and development hasn’t slowed. But many traders want to see a clearer bullish move on the chart before getting confident again.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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