October came with a mix of shock and caution. Several market predictions suggested the wider crypto space would be glowing green by now but the opposite unfolded. Kaspa lost about 30% through the month, pulling KAS price toward a critical structure that has helped it stay afloat for a long time.
The broader market suffered the same fate. A major wipeout happened when around $19 billion in liquidations flowed through the crypto space on October 10. That moment became the shift point as fear became dominant. Many positions that could have acted as support levels disappeared. The energy in the market has remained fragile ever since.
Now that November is here, what might happen next for Kaspa token according to the current structure and sentiment forming in the market
What you'll learn 👉
Kaspa Price Outlook
Current action shows Kaspa trading near $0.0054. This area has acted as a support level since November 2023. The structure here feels meaningful. Closing below this level could open room toward new lows. KAS price might revisit the $0.04 region if the market turns weaker. A deeper fall could bring the next major level near $0.033.
Many observers feel some relief could still show. A favorable outcome could see this support area remain intact. KAS token might then make a push toward $0.1 again.
The first zone of resistance sits near $0.06. The second sits near $0.08. The movement through November will likely depend on how well this support region handles incoming pressure.
Kaspa Indicators From CoinAnk Show Mixed Strength
CoinAnk readings offer some interesting clues about where momentum could shift for Kaspa token.
A look at open interest compared to market cap shows a quiet environment. The ratio sits near 0.025. Low activity usually signals that traders have less conviction. Calm conditions often appear when a trend is waiting for direction. This aligns with the support level now being tested.
Net long positions have stayed negative and show limited change. The reading is near negative $286M. That suggests weakened optimism for price recovery. Net short positions remain near $256M. That suggests downside activity still holds space. The difference between both sides feels narrow. Momentum does not heavily favor either direction.
MACD shows a small negative value around negative 0.00121. The small gap between trend lines hints at a gentle bearish environment. This weak signal suggests Kaspa price is not showing strong acceleration either way. A shift in volume could quickly change the tone.
RSI readings sit near the mid range around 39 to 45. This level suggests no extreme condition. KAS token is not notably oversold or overheated. Neutral territory like this usually places pressure on external catalysts to define a new direction.
Overall these indicators tell a balanced story. KAS price is leaning slightly toward caution but still sitting close to a zone that can act as a reset point.
Kaspa Price Prediction For November
Kaspa sits in an important spot. The $0.005 support level feels central to every expectation. A breakdown below this level could send KAS price toward $0.04. Another failure could draw attention near $0.033. That scenario would bring KAS token to multi year lows and possibly trigger slow recovery.
Optimistic flow sees a different path. Holding above the current support could trigger a move toward $0.06. Momentum above that zone could open $0.08. A favorable surge could place KAS price near $0.1 later in the month. The support level must hold for this outcome to form.
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This month begins with a quiet tone. A balanced reaction from indicators suggests a neutral environment that can tilt quickly. Kaspa has staged strong recoveries before. KAS token must hold its current base to set up a similar rebound again.
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