Kaspa Price Hovers Near Resistance With 3.33% Gain

Kaspa (KAS) price has been hovering near a critical resistance level following a steady recovery from recent lows. The token is currently trading near $0.0775, just below the $0.080 zone which it failed to break above on June 25. The price action is testing a long-standing descending trendline, with technical indicators showing mixed signals. Some indicators suggest early signs of strength, while others remain neutral.

Yesterday's prediction highlighted the importance of a break above $0.078 to confirm a trend reversal, which has not yet materialized. The price remained stuck below the descending resistance line, and consolidation between $0.071 and $0.075 is likely to continue. The bearish scenario, which outlined a drop below $0.071 leading to a test of $0.067, has so far been avoided with support holding firm.

Kaspa's daily overview for June 29 shows a current price of $0.07746, with a 24-hour change of +3.33%. The 4-hour ADX (14) is at 32.34, indicating a strong trend strength supporting the upside. Volume is moderate but not expanding, suggesting that momentum remains fragile. The price has recovered from its recent low at $0.064 and is now testing the descending trendline for the third time.

The 4-hour chart shows a consistent downtrend that began above $0.09 earlier in June, with lower highs and lower lows confirming this structure. The descending trendline connecting June swing highs is still active, and KAS price has approached this level again but failed to close above $0.0785. Small-bodied candles and upper wicks suggest hesitation, indicating that this zone represents a potential breakout or rejection point. Failure to push higher may trigger a bearish reversal, while a close above $0.080 with volume could confirm a trend shift.

Technical indicators on the hourly timeframe show mixed signals. The MACD (12,26) is at -0.001, indicating an early bullish crossover forming. The ADX (14) is at 32.343, supporting trend continuation. The CCI (14) is at 16.0617, showing no directional bias. The Ultimate Oscillator is at 42.959, suggesting weak momentum still below neutral. The ROC is at 1.823, indicating positive price movement with a bullish tilt. The Bull/Bear Power (13) is at 0.0008, showing that bulls are slightly in control. Overall, momentum is gradually turning positive, with ADX and MACD supporting trend continuation, while ROC and Bull Power indicate growing buying strength. However, the Ultimate Oscillator suggests that momentum is not yet fully restored.

For today's price prediction scenarios, a bullish outcome would see a breakout above $0.080 with heavy volume, leading to a rally to $0.084–$0.088. The trendline should reverse to serve as a support confirmation. A neutral scenario would see KAS price holding between $0.074 and $0.078, with sideways action continuing until a volume breakout occurs. A bearish scenario would see the price dropping below $0.074, visiting the support at $0.070 or even probing the bounce area at $0.064.

In summary, Kaspa price is trading near a key resistance line, with early indicators of strength but no confirmed breakout yet. Traders are watching the $0.080 level closely for a decisive move. Until that level is cleared with volume, the chart remains neutral with a slight bullish bias. A failure to hold $0.074 could shift short-term sentiment back toward support zones. As of today, the most likely outcome is further range-bound action between $0.074 and $0.078 unless bulls take control with a clean breakout.