Kaspa Price Prediction for Today (March 20)

Following market crashes in February, the Kaspa price dipped to $0.055 lows. However, KAS had one of the best bounces of these lows out of most other altcoins and quickly stabilized above the $0.075 range. And now, following big Ripple vs SEC news, the KAS price is up 6%. It broke the $0.080 resistance and is now trading above this level.

So, where could the Kaspa price be headed today? Let’s look at some technicals on a daily timeframe as we usually do when we post our daily price predictions.

Technical Indicators Analysis

RSI(14) is 50.982 but STOCHRSI(14) is 97.946
The RSI reading of around 51 shows that Kaspa is in the middle ground right now – not too hot, not too cold. This means the price isn’t showing extreme conditions in either direction. However, the StochRSI is extremely high at nearly 98, telling us that Kaspa might be overheated in the short term and could need to cool down soon.

MACD(12,26) is -0.003
The Moving Average Convergence Divergence (MACD) is just barely negative at -0.003, suggesting that the short-term momentum is nearly equal to the longer-term trend. This neutral reading implies that the Kaspa price could move in either direction, though it’s very close to crossing into positive territory.

Source: CoinMarketCap/Kaspa/weekly

ADX(14) is 37.935
The Average Directional Index (ADX) at 37.935 shows a relatively strong trend strength. Values above 25 typically indicate a strong trend is present, meaning the current price movement has conviction behind it.

CCI(14) is 126.0911
The CCI reading of 126 means Kaspa’s price is rising faster than usual. When this number goes over 100, it shows strong buying pressure. This can lead to a brief pause or pullback as some traders take profits.

Ultimate Oscillator is 58.89
The Ultimate Oscillator reading of 58.89 indicates slightly bullish momentum as it’s above the midpoint of 50. This multi-timeframe indicator suggests moderate buying pressure in the market.

ROC is 7.982
The Rate of Change (ROC) at 7.982 shows that Kaspa has gained nearly 8% compared to its price 14 periods ago. This positive value confirms the recent uptrend in price.

Read also: Kaspa (KAS) vs. Binance Coin (BNB): Which Crypto Is Better to Hold?

Market Context and Network Health

Obviously, Kaspa’s price performance today will depend on broader crypto market behavior following a strong day yesterday. In the past few weeks, the market has been sluggish, and after a green day, a red day usually followed.

As we reported yesterday, Kaspa’s network hashrate has declined 25% from its all-time high due to miner capitulation, driven by plummeting fees (down 99.9% from peaks) and reduced block rewards. Even though this signals short-term instability, historical patterns suggest such phases often precede market bottoms in cryptocurrencies.

Kaspa Price Prediction for Today

Based on the technical indicators and market context, Kaspa will likely trade in the $0.080 to $0.088 range today. The neutral RSI combined with the strong ADX suggests the current trend has strength, but the overbought StochRSI and CCI readings indicate limited further upside in the immediate term.

Bullish scenario: If the broader crypto market continues its upward momentum, Kaspa could break above $0.088 and potentially test the $0.095 level. This would be supported by the positive ROC and Ultimate Oscillator readings, showing continued buying pressure.

Bearish scenario: Given the overbought conditions shown by StochRSI and CCI, combined with the historical pattern of red days following green ones, Kaspa might retrace back to the $0.075-$0.078 support zone. The miner capitulation currently affecting the network could add to this downward pressure.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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