The Kaspa price recovered well from the recent market crashes. After hitting a bottom of around $0.056, the KAS price quickly bounced back to over $0.074 in a single day with over 25% pump.
It since retraced to the current levels around $0.066. CoinMarketCap added $KAS to its “Made in America” assets page – this could be a real reason for the pump. CoinMarketCap is one of the most powerful platforms in crypto these days and American assets generally performed well in the last couple of months, such as HBAR, ADA or XRP.
However, we took a look at the Kaspa chart and long story short – it doesn’t look good at the moment.
Looks like @CoinMarketCap added $KAS to its "Made in America" assets page.$KAS is also leading the market today, interestingly… pic.twitter.com/X6ysR90ajb
— Jim, S𐤊i ₿um ⛷️ (@skibumtrading) March 11, 2025
What you'll learn 👉
Kaspa Chart Shows Trouble Ahead
The Kaspa 4-hour chart shows a clear downward channel right now. You can see the price making lower highs and lower lows – a classic sign of a downtrend. Right now, Kaspa is sitting near the bottom of this channel, which might hold as support for a bit.
The 200-day moving average is way above the current price at about $0.13. This big gap tells us the downtrend is still very much in control. Until Kaspa can climb back above this line, bears remain in charge.
If you’re trading or holding Kaspa, pay attention to these levels:
For support, the current price around $0.0659 is the first line of defense. If this breaks, expect a drop to the $0.0600-$0.0550 range.
For resistance, Kaspa faces hurdles at $0.0700-$0.0720 (the middle of the channel), and then a stronger wall at $0.0800-$0.0850 where previous rallies stopped.
The indicators aren’t showing extreme readings. The RSI sits at 50 – neither oversold nor overbought. The Ultimate Oscillator at 43 suggests buying pressure is a bit weak, but not terrible.
Read also: We Asked AI to Predict How Kaspa (KAS) Price Will Perform In April
Kaspa Short-Term Price Predictions
A few scenarios could play out:
- If Kaspa breaks above $0.072, it might rally to test $0.080-$0.085
- If it falls below $0.065, expect a quick drop to $0.060-$0.055
- The price might just bounce around between $0.065-$0.070 for a while before picking a direction
The recent bounce from the bottom of the channel gives some hope, but don’t get too excited. In downtrends like this, bounces often fail, and we need to see a clean break above $0.072 before calling a reversal.
Should Holders Be Worried?
Despite the recent pump, the bigger picture for Kaspa remains bearish. The downtrend is still intact, and the price needs to do a lot of work to change that narrative.
Smart money is watching for either a decisive break above the descending channel or a further drop to better buying levels. Until we see a clear reversal signal, Kaspa holders have good reason to stay cautious despite the temporary relief from the recent pump.
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