Kaspa (KAS) Rebound 4.78% After Breaking 9-Day Moving Average

Kaspa (KAS) has shown early signs of recovery after weeks of downward pressure, with a 4.78% increase, currently trading at $0.07697. The price has broken above the 9-day moving average and is holding above former resistance, which has flipped into short-term support. While momentum appears to be building, buyers still face strong resistance near the $0.080 level.

Following a solid breakout on June 24, Kaspa's price has been putting in higher lows, which is usually a good sign that the downtrend might be turning around. However, today’s candle shows some hesitation near the top of the range, hinting that the bulls aren’t fully in charge just yet.

Yesterday’s prediction highlighted the importance of the $0.076 level and suggested that a break above it could lead to a move toward $0.080. That scenario played out, with KAS price reaching as high as $0.080898 before meeting some resistance. Price is now consolidating above the 9-day SMA, which was also identified as a key level to hold for continued bullish momentum. A rejection near $0.080 could cause KAS to move sideways between $0.070 and $0.075. While the breakout held, today’s upper wick hints at that same pressure returning.

Kaspa is currently trading just above short-term support, with a solid candle body and a higher high. While bulls have maintained momentum for now, the price is struggling to stay above $0.080. The $0.070–$0.072 zone is now acting as short-term support. If KAS price can break and hold above $0.083, the next key zone to watch is $0.090–$0.100, which acted as a strong reversal point earlier this year.

The downtrend that began in mid-May was broken with a strong bullish candle on June 24. That move pushed KAS price above the 9-day SMA for the first time in weeks, also suggesting buyers are regaining confidence. Today’s candle posted a higher low and a higher high, but the upper wick signals some profit-taking around the $0.081 level. Price is now consolidating just above short-term support, and the next two candles will likely determine whether this bounce continues or fades back into range. Right now, the structure leans bullish as long as KAS stays above $0.070.

Most technical indicators are flashing early buy signals. The ADX shows a strengthening trend with an early bullish bias. The MACD indicates a mild bullish crossover, while the CCI remains neutral but stable. The Ultimate Oscillator shows slight bullish sentiment, and the ROC indicates strong short-term upside momentum. The Bull/Bear Power indicator suggests slight buying pressure.

In the bullish scenario, Kaspa may move toward $0.090 or even $0.100 if it can close above $0.080, supporting the idea that the trend is reversing. In the neutral scenario, Kaspa price may consolidate between $0.070 and $0.075 until volume increases if it keeps stalling below $0.080. In the bearish scenario, the setup may be upset and the price may fall back below $0.063 or even $0.060 if Kaspa falls below $0.067.

Kaspa price is holding its ground above the 9-day SMA, with bulls showing signs of strength after a clean breakout. Resistance around $0.080, nevertheless, continues to be a barrier. Kaspa will most likely continue to move sideways between $0.070 and $0.080 for the time being. A clear breakout or breakdown should set the next direction.