Kaspa could be approaching an important stage after KAS price bounced from its recent lows and spot trading volume increased considerably over the past week. The recovery has not confirmed a larger breakout yet, but several technical levels are now coming together in an area that could decide what happens next.
Crypto MindSet discussed the setup in a recent YouTube video and pointed to rising spot volume, a possible double bottom, Fibonacci support, and a major volume level above the current Kaspa price. KAS still has work to do before the bullish case becomes stronger, and daily technical indicators show why the next major price move could matter so much.
Crypto MindSet first focused on Kaspa spot trading volume rather than futures activity. Data presented in the video showed a noticeable increase during the previous 6 to 7 days.
Daily spot volume had previously remained around $4 million to $7 million across many sessions. Recent figures presented by the analyst were much higher, with daily volume reaching roughly $10 million to almost $20 million.
Several sessions came close to $16 million or $18 million, which puts recent activity at roughly 3 times some of the earlier daily levels.
Higher volume alone does not guarantee that KAS price will continue higher. Buyers and sellers both contribute to volume, so the data cannot be treated as purely bullish. However, stronger spot activity shows that more capital is changing hands as Kaspa attempts to recover from its recent bottom.
That makes the next resistance area especially important.
What you'll learn 👉
Kaspa Price Needs to Break Above the $0.03 to $0.035 Area
Crypto MindSet identified the area between approximately $0.03 and $0.035 as the main level Kaspa needs to reclaim. The analyst placed particular importance on roughly $0.033, which corresponds with a major point of control based on volume.
A point of control represents the price area where the greatest amount of trading activity occurred across the measured range. Trading below that area can leave resistance overhead. A sustained move above it can place price back above an important concentration of previous market activity.
KAS price therefore needs more than a brief move through $0.033. Crypto MindSet wants to see candles close above the area and remain there.
The analyst also pointed toward these important levels:
- KAS recently broke resistance around $0.027 and returned to test that area.
- The $0.03 to $0.035 region remains the larger resistance zone.
- A successful move through that region could put $0.04 back into focus.
- A break beyond approximately $0.04 could strengthen the case that Kaspa is leaving its broader accumulation range.
The first test is whether former resistance around $0.027 can become support. Failure there could leave KAS vulnerable to another test of its previous lows.
KAS Price Retest of the 200 Day Moving Average Adds Another Test
Another part of Crypto MindSet’s Kaspa analysis focused on the 200 day moving average.
KAS recently moved up to test this moving average before price pulled back. The rejection means Kaspa has not reclaimed this major trend indicator yet, but reaching it after the previous decline gives traders another clear level to watch.
Crypto MindSet also identified what could become a double bottom around the recent lows. The analyst previously noted bullish divergence across the RSI and Stochastic RSI, which helped support the case for a recovery attempt.
Price has now entered a retracement after its initial bounce. Crypto MindSet believes KAS could form a higher low during this pullback, although another move toward the previous bottom remains possible.
A higher low would mean the latest pullback ends above the previous low. That would improve the short term market structure because sellers would have failed to push Kaspa back to its earlier bottom.
Read Also: Top 3 Altcoins to Watch in September: Why Kaspa Could Surprise
Fibonacci Support Could Decide Whether Kaspa Forms a Higher Low
The Fibonacci retracement used by Crypto MindSet provides another reason the current area matters.
Kaspa made an initial move away from its possible bottom before giving back part of that recovery. Price then returned toward a Fibonacci retracement region that the analyst considers important.
The bullish scenario requires KAS to find support around the current area and begin another move higher. Such a recovery could establish the higher low Crypto MindSet is looking for.
Kaspa would then need to reclaim the 200 day moving average before challenging the point of control around $0.033.
A failure to hold the current area would weaken that setup. KAS could then return toward the earlier low and potentially test whether the proposed double bottom can survive another challenge.
Kaspa Daily Indicators Remain Neutral Ahead of the Next Major Move
Kaspa’s daily technical indicators currently provide a more balanced picture. Several indicators remain neutral, and the others are divided between buy and sell readings.
The 14 period RSI stands at 54.4, which places KAS near the middle of the indicator’s range. An RSI near this level does not indicate an overbought or oversold market, so Kaspa still has room for movement in either direction.
Stochastic is also neutral at 50.922. This reading provides little evidence that either buyers or sellers currently have complete control.
MACD carries a buy reading, although its value remains around 0. Rate of Change is also positive at 11.107, which shows that price has improved relative to its earlier level.
Williams %R presents a sell reading at minus 55.037. Bull/Bear Power is also slightly negative at minus 0.0003, which indicates that bullish pressure has not become dominant.
| Name | Value | Action |
|---|---|---|
| RSI(14) | 54.4 | Neutral |
| STOCH(9,6) | 50.922 | Neutral |
| MACD(12,26) | 0 | Buy |
| Williams %R | -55.037 | Sell |
| ROC | 11.107 | Buy |
| Bull/Bear Power(13) | -0.0003 | Sell |
The mixed readings fit the current Kaspa price setup. KAS has recovered enough to improve some momentum indicators, but the daily chart has not produced a strong technical consensus.
The next major move could therefore push several of these indicators toward the same direction.
Crypto MindSet’s bullish case ultimately depends on Kaspa proving that its recovery can continue.
Holding around $0.027 would preserve the immediate breakout and retest structure. Reclaiming the 200 day moving average would provide another improvement. A sustained move above roughly $0.033 would then clear the point of control that Crypto MindSet considers especially important.
Kaspa could eventually challenge the $0.04 region if those steps occur. Losing the current support area would create a very different picture and could bring the previous bottom back into play.
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