Kaspa (KAS) Trapped in Range as Price Rises 1.06% Near $0.08886

Kaspa (KAS) remains trapped in a tight trading range on August 8, as the price hovers near $0.08886, showing a 1.06% increase over the past 24 hours. The asset has yet to break above the key $0.091 level, which has acted as a resistance for over a week. The 100-day moving average continues to cap upward movement, while support levels around $0.082 and $0.080 have held firm, preventing a significant decline [1].

Price action remains choppy, with mixed momentum and subdued volume. The inability to close above $0.090 reaffirms the continuation of a sideways pattern. Traders remain cautious, as any breakout will need to be accompanied by a surge in trading volume to be considered legitimate. The absence of decisive price movement suggests the market is in a state of indecision [1].

From a technical perspective, indicators are split between bullish and bearish signals. The MACD is showing an early bullish crossover, while the ADX remains at 21.75—indicating a weak trend. The RSI is at 48.30, signaling neutrality, and the CCI is at -50.63, hinting at slight bearish pressure. The Ultimate Oscillator leans slightly bullish, and the Bull/Bear Power indicator shows a marginal edge to sellers. Collectively, these signals suggest no clear direction in the near term [1].

Analysts have outlined three potential scenarios for KAS. A bullish case would require a breakout above $0.091 with strong volume, potentially pushing the price toward $0.095 or even $0.10. A neutral scenario sees the price continuing to oscillate between $0.082 and $0.090, with no major movement. A bearish scenario would involve a drop below $0.082, with possible targets at $0.077 and further down to $0.070 and $0.065 [1].

According to 30rates.com, KAS is expected to trade between $0.0826 and $0.0950 in the short term, with a projected high of $0.0950 [1]. CoinCodex reports that KAS is expected to fall to $0.087348 by August 8, representing a 3.41% return for short sellers, and could drop further to $0.071999 by August 10, a 17.57% decline from its current level. These forecasts are based on technical indicators including the 50-day and 200-day SMAs and a 14-day RSI of 45.73 [2].

Longer-term forecasts are more bearish, with KAS projected to fall to $0.065427 by September 6, a 25.10% drop from current levels [2]. While the asset is expected to continue declining through 2026 and 2027, a more bullish outlook emerges by 2030, when KAS could rise to $0.370732, offering a 309.95% return on investment [2].

KAS is positively correlated with major cryptocurrencies such as Cardano (ADA), Avalanche (AVAX), and Filecoin (FIL), but negatively correlated with Toncoin (TON) and OKB (OKB). This suggests that while KAS may follow broader market trends, it is also subject to divergent behavior depending on market conditions [2].

For short-term traders, the price action and key resistance and support levels offer a strategic framework. The support levels are currently at $0.085422 (S1), $0.082778 (S2), and $0.080965 (S3), while the resistance levels stand at $0.089879 (R1), $0.091692 (R2), and $0.094336 (R3). These levels are likely to influence trader psychology and could dictate the next phase of KAS’s price movement [2].

While the current market remains range-bound, the outlook over the next few weeks appears bearish. However, long-term investors may find value in the asset as it approaches its projected 2030 target of $0.370732. Investors are advised to monitor volume and price action closely around key levels to identify potential turning points [1].

Source:

[1] title: Kaspa (KAS) Price Prediction for Today (August 8)

url: https://coinmarketcap.com/community/articles/68954d309652526dbe5c270e/

[2] title: Kaspa (KAS) Price Prediction 2025, 2026-2030

url: https://coincodex.com/crypto/kaspa/price-prediction/

[3] title: KASPA PRICE PREDICTION TOMORROW, WEEK AND ...

url: https://30rates.com/kas-coin