Kaspa (KAS) Price Action Signals a Potential Surge – But Only If This Zone Breaks

Kaspa price is starting to recover after taking a big hit in July, and the charts hint that the next move could be sharp. 

At writing, KAS is trading around $0.0878, up just over 3% in the past day. Traders are watching key levels and liquidity zones that could spark a breakout if momentum picks up.

The token had a strong run from early June, climbing from about $0.06 to over $0.14 by mid-July. After that peak, it slipped into a correction, breaking below its rising trendline and finding support near $0.08. 

It has bounced slightly since then, but it’s still sitting under the 30-day EMA at $0.091, showing that short-term momentum is still fragile.

The main support zone is holding between $0.082 and $0.080. If KAS price falls through this area, it could slide toward $0.075–$0.070.

On the upside, the first resistance cluster appears at $0.091–$0.095. A daily close above this level would be the first technical sign that buyers are regaining control.

Image Source: TradingView.com

KAS Liquidation Heatmap Signals Potential Squeeze

Data from the Kaspa liquidation heatmap shows a heavy concentration of short positions between $0.086 and $0.091, with a critical cluster near $0.095. 

Kaspa Daily reported that over $22 million in shorts are at risk of liquidation if KAS price reaches $0.095. This setup creates a potential short squeeze scenario where forced buy orders could accelerate an upward move.

Meanwhile, the cumulative long liquidation zone remains relatively flat below $0.084, indicating that downside pressure from forced selling is limited compared to the potential upside trigger. Traders are now watching $0.091–$0.095 as the range where momentum could quickly shift.

Read Also: XRP Price Prediction for Today (August 3)

Kaspa Exchange Flows and Market Sentiment

On-chain data shows that about 19 million KAS left known exchange wallets in the last 24 hours, according to Kaspa Daily.

When coins move off exchanges, it usually means holders are moving them to self-custody or planning to hold for longer. That often takes some selling pressure off the market in the short term.

With the price bouncing from oversold levels and plenty of liquidity sitting above current prices, traders are leaning cautiously bullish right now.

A breakout above $0.095 can trigger a dash to the $0.105–$0.110 area for Kaspa price, but failure to clear resistance can have the asset remain stuck between $0.080 and $0.095.

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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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