Kaspa Price Enters a Decision Zone as Exchange Supply Shrinks – Here’s What the KAS Chart Reveals

KAS price sits near a make-or-break level as traders weigh supply and leverage data. Kaspa Daily reported on X that funding rates stay positive and known exchange holdings fell to a six-month low of 2.19 billion KAS. Price compresses near $0.10, where the next move often begins.

KAS price has trended higher since late June. It topped in the mid-$0.12s in late July, then formed a base around $0.095–$0.10.

Kaspa Daily also noted that KAS ranks third for bullish sentiment today. The token has appeared in the top ten for months, showing steady optimism within the community.

Kaspa Derivatives Positioning: Funding Stays Green

Funding rates have held above zero since late June, according to Kaspa Daily. Longs pay shorts, which shows a persistent buyer tilt.

Funding spiked during July’s run and cooled as price ranged. Funding now leans positive again while KAS price coils at $0.10, a setup that often precedes a break.

Moreover, known exchange holdings have trended down from about 3.3B six months ago to 2.19B now. Fewer coins on exchanges usually mean lighter near-term sell pressure.

Tighter supply can accelerate moves when demand returns. It can also exaggerate pullbacks if bids thin out during volatility.

Read Also: XRP Price Prediction for Today (August 11)

Key Levels on the KAS Chart

Near-term resistance is at $0.098–$0.10. A clean 4H close above $0.10 puts $0.105–$0.11 in view and sets up a test of $0.12 if volume increases.

Support comes in at $0.094–$0.095, and then $0.090. Slightly steeper support is at $0.083–$0.086, the shelf of the late-July breakout. 

The higher-timeframe ceiling remains the descending trendline near $0.112–$0.12. A daily close above this zone would confirm a larger change and make extension targets of $0.13–$0.15.

Image Source: TradingView.com

Moreover, breakout case needs rising spot volume, steady funding, and open interest that grows with price. That mix often sustains momentum.

A failure case appears if KAS price loses $0.094 while funding stays hot. That setup can trigger a squeeze toward $0.090, and even $0.085 if momentum accelerates.

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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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