Kaspa (KAS) Price Prediction: Approaching Key Resistance Area, Buyers Get on Board to Challenge "Complete Breakthrough" $0.10

Kaspa (KAS) is currently reported at 0.087 USD in the Asian afternoon session today (11), following the rise in the overall market. KAS is awakening, and the charts are starting to get interesting again. After experiencing several weeks of downtrend, the price is now approaching a key resistance area.

KAS just printed the daily chart, closing at 0.08708 USD, up nearly 7% for the day, and simultaneously testing the trend line and the 100-day moving average.

The range from 0.088 to 0.090 USD had previously suppressed KAS prices, but this time, the bullish forces are stronger.

Captain Altcoin's analysis of KAS's trend indicates that if KAS maintains the support level of 0.080 USD, the market may see it advancing towards 0.09 USD.

That's pretty much how it is. The buyer entered and held at 0.080 USD, and now the price of KAS is knocking on the door of the key resistance zone.

We also mentioned that if we cannot hold above $0.080, the price may return to the previous consolidation range between $0.072 and $0.078. So far, the bulls are still holding their ground, but the real test is happening at the trend line.

This is the first time in a while that the KAS price has broken through the 100-day moving average, which is significant for trend watchers. This means that buyers are starting to take control, but they still need to break through the orange downward trend line that has been pushing prices down since May.

KAS Price Analysis

The KAS chart shows a descending wedge or triangular pattern, with the price on the verge of a breakout. The 100-day moving average serves as a launchpad here.

If the price can close above 0.090 USD, we may be looking at a complete breakthrough. Where is the next major resistance level? Between 0.10 USD and 0.108 USD.

But the problem is: this is a "success or failure" moment. If the KAS price fails to break through the trend line, it may pull back and test 0.080 USD or even 0.075 USD again.

The momentum indicator supports KAS for further pump, but the CCI indicator warns that KAS may be temporarily overbought. The MACD indicator still shows a slight bearish trend, which may reflect past weakness rather than current strength.

(Source: Trading View)

KAS Price Prediction Scenario

Bullish Scenario:

A daily closing price above $0.090 can confirm the breakout, with the next target price ranging from $0.10 to $0.108.

Neutral Scenario:

If the price stagnates between 0.088 and 0.090 USD, the KAS price may rise to between 0.080 and 0.090 USD under the anticipated further pump momentum.

Bearish Scenario:

The trendline resistance was rejected, and then it fell below $0.080. The price may return to the range of $0.072 to $0.078.

Summary

The KAS price is at a risky point, currently testing the resistance level, and the trading price is above the 100-day moving average. Bulls are optimistic about the momentum, but the overbought levels indicate a potential reversal or retest.

The result of the current trading session will determine whether KAS will pump to $0.10 or fall back to below $0.080.