Kaspa Price Surges 24.46% Amid Bullish Momentum

Kaspa (KAS) has recently shown signs of bullish momentum, with its price pushing above the key $0.096 level and testing the 200-day moving average at $0.0926. This movement is significant as it often signals a trend reversal, especially after a prolonged downtrend like the one observed between March and June. Over the past few weeks, Kaspa has been steadily climbing, forming higher lows, which indicates growing buying pressure. The current daily candle is holding above the 200-day moving average, suggesting that bulls are attempting to establish it as support.

Technical indicators support this bullish outlook. The Average True Range (ATR) of 0.006 indicates moderate volatility, showing that the price is moving with decent strength but not in an overheated manner. The Highs/Lows indicator at 0.0069 confirms that recent price movements are pushing toward the higher end of their ranges, supporting the bullish momentum. The Ultimate Oscillator at 59.18 is in bullish territory, indicating that buying pressure is stronger than selling pressure across short, medium, and long timeframes. The Rate of Change (ROC) at 24.46% shows strong price acceleration, with traders viewing ROC over 20% as a bullish continuation signal. The Bull/Bear Power indicator at 0.0127 suggests that bulls are currently stronger than bears, backing up the idea of upward pressure.

If Kaspa holds above the 200-day moving average and turns it into support, there could be a short-term push toward $0.105–$0.11, which is the next resistance zone and aligns with previous local highs. However, if it fails to stay above $0.0926, a pullback toward $0.089–$0.090 is possible, which would be the first support level. Currently, momentum favors the bulls. If volume increases and Bitcoin remains stable, Kaspa could break out of its recent range and target $0.12 later this month.

Kaspa's price is currently around $0.0916, driven by bullish momentum since late June. The token is facing a critical resistance zone between $0.096 and $0.10, with traders closely monitoring for signs of a breakout or rejection. The Relative Strength Index (RSI) stands at 62.66, indicating bullish sentiment, while the 9-day Simple Moving Average (SMA) provides short-term support at $0.0882. Technical indicators on the daily timeframe, including the MACD, CCI, and Stochastic, are all showing buy signals. The Average True Range (ATR) is rising, suggesting that volatility could increase in either direction. However, the price remains in a clear uptrend above the 9-SMA, with short-term structure intact.

In the bullish scenario, a breakout above $0.096 with volume could trigger a rally toward $0.11. Indicators suggest this setup is building, with strong short-term energy driving further increases. In the neutral scenario, failure to break resistance may cause the KAS price to move sideways between $0.088 and $0.096. In the bearish scenario, if the price drops below $0.088 and the 9-SMA, the next support lies at $0.080. A close under that may revisit $0.075 or $0.066.

Analysts are eyeing the $0.10–$0.12 breakout range in the short term, while long-term projections stretch to $0.25–$1. However, unless KAS breaks and holds above this key resistance line, there is no reason to expect an immediate price rally. The token is currently trading just below $0.092, with several bullish signals still present. The resistance zone did, in fact, reject the price during the last session, and the price remains above all key short-term supports.

Kaspa's price is in a bullish trend, with strong short-term energy driving further increases. Traders await a confirmed breakout above the descending resistance. The $0.096–$0.10 level is the battleground. Meanwhile, sideways motion or shallow dips remain possible. The token has been exhibiting signs of a potential price surge, but it has yet to materialize as many had anticipated. The chart structure reveals a bullish short-term trend clashing with a bearish medium-term setup. Price has formed higher lows since June but remains within a broader descending channel. The trendline connecting lower highs is proving to be tough to break. A strong candle above $0.096 would flip that structure bullish, but so far, the market has paused.