Kaspa is currently trading at $0.089, close to the $0.08 support which has held strong since November 2023. This 15-month support level now faces a serious challenge. Technical indicators are suggesting increased selling pressure that could trigger a significant downward move.
KAS daily chart reveals that if Kaspa fails to maintain the $0.080 support, investors might witness a further 30% decline. This would potentially send the cryptocurrency toward the next major support zone between $0.052 and $0.055. This area was last seen in November 2023.
Technical indicators are flashing warning signs for Kaspa holders. The MACD indicator shows the blue line has dipped below the orange signal line. This confirms the presence of bearish momentum. The histogram continues to deepen in negative territory, suggesting that sellers are gaining control of the market.
The RSI reading currently sits at 35.31, moving dangerously close to oversold conditions. The movement toward the 30 level indicates that sellers are firmly in control. It also suggests that a short-term bounce could emerge if extreme oversold conditions are reached.
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What Should Kaspa (KAS) Holders Expect Next?
A decisive break below $0.080 would likely accelerate the decline toward the projected $0.052-$0.055 range. On the other hand, buyers would need to push the price back above the $0.089-$0.093 resistance zone to invalidate this bearish outlook and set the stage for recovery.
The convergence of these technical signals – price testing long-term support, bearish MACD crossover, and declining RSI – paints a concerning picture for KAS in the near term. Traders should closely monitor the $0.080 level as it represents the threshold between a potential recovery and a deeper correction.
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