Kaspa (KAS) Bounces 5.51% but Struggles to Break $0.092 Resistance

Kaspa (KAS) continues to trade near key support levels as it remains stuck in a tight consolidation pattern. On August 21, the price is currently hovering at $0.08786, just above the 200-day simple moving average and the rising trendline established in late June [1]. The 24-hour change has been positive at +5.51%, indicating a modest recovery following recent weakness. The RSI (14) sits at 46.86, signaling a slightly bearish bias, while the MACD and CCI indicators remain in bearish territory [1].

The price has failed to break above $0.092 resistance, maintaining a range-bound profile between $0.087 and $0.092. This sideways movement has been reinforced by repeated tests of the $0.084–$0.088 support zone. Buyers have shown some resilience, preventing a breakdown below the key level, but upside momentum remains constrained [1]. According to analysts, unless $0.092 is decisively breached, the price is expected to remain within this range [1].

A closer look at the technical chart reveals a compression pattern characterized by higher lows against a strong resistance cluster between $0.090 and $0.095. Pullbacks have produced long wicks near support, suggesting dip buying activity, though the candles remain small-bodied, signaling ongoing hesitation and overhead supply pressure [1]. This dynamic reflects a tug-of-war between bulls and bears, with neither side gaining a clear advantage.

If the price manages to break above $0.092 with strong volume, it could test $0.095–$0.098, with higher targets at $0.102–$0.105. However, a strong close below $0.084 could expose the next support at $0.080 and potentially push the price down to $0.076–$0.077 [1]. The ROC indicator currently suggests a short-term upward bounce, but broader indicators such as the MACD and CCI remain bearish, pointing to a cautious outlook for the near term.

The technical indicators for the daily timeframe show mixed signals. The MACD (12,26) is at -0.001 with a bearish momentum signal, while the ADX (14) at 18.46 indicates a weak trend. The CCI (14) at -126.07 suggests the market is in oversold territory, which could hint at a potential short-term reversal. The RSI (14) remains neutral, and the Bull/Bear Power (13) at -0.0093 indicates that bears are slightly stronger [1].

In terms of price scenarios, a bullish outcome would require a breakout above $0.092 with volume confirmation, potentially leading to a test of $0.095 and beyond. A neutral scenario implies continued sideways movement between $0.087 and $0.092 until stronger momentum develops. A bearish scenario would involve a close below $0.084, triggering a drop toward $0.080 and possibly $0.075 [1].

Currently, the price remains at a critical juncture, with traders watching for a resolution in the $0.086–$0.092 zone. While most indicators lean bearish, the ROC suggests that near-term buyers are still active, keeping the door open for a short-term bounce [1]. For now, the most likely outcome is further consolidation within the established range until either bulls overcome resistance or sellers push the price below the key support level.

Source:

[1] KASPA PRICE PREDICTION TOMORROW, WEEK AND ... (https://coincodex.com/crypto/kaspa/price-prediction/)

[2] Today's Price Forecast for Kaspa (KAS) - August 20 (https://30rates.com/kas-coin)

[3] Kaspa(KAS)Price prediction (https://www.bitget.com/price/kaspa/price-prediction)