Kaspa is back under pressure near $0.029, leaving bulls with very little room for error as KAS tests one of its most important support areas of the month.
Crypto With Gopal identifies roughly $0.0280-$0.0285 as the key zone that buyers need to defend. KAS has already traded as low as approximately $0.0285 today and remains down around 25% over the past month.
The analyst still sees the possibility of a reversal, but his chart makes one thing clear: bears remain in control until KAS starts reclaiming lost resistance.
What you'll learn 👉
$0.028 Is the Level Kaspa Bulls Cannot Afford to Lose
Gopal’s daily chart shows the Kaspa price trading almost directly on support around $0.02814.
This area has acted as a floor several times during 2026, which makes the latest test more significant than an ordinary intraday dip.
The problem is that KAS arrived there after a clear sequence of lower highs from October’s move toward $0.05.
That means buyers are defending support inside an established downtrend.
Current market data supports the cautious view. KAS is trading around $0.029, and open interest has fallen roughly 3% over the past 24 hours, which shows that traders are reducing derivatives exposure as the market weakens.
If $0.028 fails decisively, approximately $0.027 becomes the next short-term area to watch. A deeper selloff could then bring the $0.025 region back into focus.
Kaspa Needs $0.0338 Before the Chart Improves
The bullish side of Gopal’s setup is equally clear.
His first important recovery level sits around $0.03382.
From a price near $0.029, reaching that level would require a gain of roughly 17%.
A successful reclaim would break above the immediate range that has capped KAS during November and would open the door toward the next resistance near $0.03949.
That second move would represent upside of roughly 36% from current prices.
But $0.0395 should not be treated as an immediate target while KAS remains below $0.0338.
The chart first needs to prove that the current support has actually produced a bottom.
Read also: Prediction Markets Could Be Coming to Kaspa!
Kaspa Development Continues Despite Weak KAS Price
There has not been a major Kaspa-specific headline explaining the latest decline. The weakness looks much more connected to the broader crypto downturn and KAS’s already-damaged technical structure.
Development around the ecosystem is continuing, though.
A working draft for Kaspa Dollar, or KSD, was released this month. The proposal describes a KAS-collateralized stablecoin using miner price attestations, although audits and an eventual launch are still ahead.
Kaspa also recently marked five years since mainnet launch, with the network having processed roughly 2.44 billion transactions over its lifetime.
Those developments are constructive for the ecosystem, but they have not yet translated into meaningful demand for KAS during the current market selloff.
Bulls Still Need Confirmation
Gopal’s assessment is therefore a useful one.
KAS may be sitting in a region where a reversal can begin, but simply reaching support does not mean the reversal has started.
Holding $0.028-$0.0285 keeps that possibility alive.
Reclaiming $0.0338 would provide the first stronger confirmation and put $0.0395 back on the map.
Losing $0.028 would do the opposite, which extended a downtrend that has already pushed Kaspa roughly 86% below its 2024 all-time high.
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