Kaspa Bounces 4.4% as Bulls Target $0.095 Breakout

Kaspa (KAS) is currently trading near $0.085, having bounced 4.4% from a recent low of $0.08 following a pullback from its July high of $0.14. The immediate focus for bulls is breaking through the $0.091–$0.095 resistance zone, which could signal a shift in momentum. A daily close above $0.091 could trigger a short squeeze, with approximately $22 million in short positions at risk, potentially propelling the price toward $0.105–$0.110 [1]. On-chain data also suggests a bullish bias, with roughly 19 million KAS tokens moving off exchanges—a sign of reduced sell pressure and longer-term positioning among investors [1].

However, the asset is facing a critical juncture. Analysts caution that failure to break above $0.095 could trap KAS within a consolidation range of $0.080–$0.095 for an extended period. Bitget forecasts a modest 5% annual increase to $0.09672 by 2026, signaling a cautious outlook for the near-term [1]. Therefore, the fate of KAS appears to hinge on a single price level: $0.095. A successful breakout could ignite a rally toward $0.30, but without a clear directional move, traders may remain hesitant to take on larger positions.

Meanwhile, a lower-cap project, Remittix (RTX), is drawing attention for its real-world utility and growing traction. RTX is a PayFi platform designed to streamline cross-border payments by allowing users to convert 40+ cryptocurrencies into local fiat and send funds to bank accounts in 30+ countries within 24 hours. Unlike many speculative altcoins, RTX is already deploying a working product, with integrations for merchants and freelancers underway [1].

The project’s presale has raised $18 million, with 580 million tokens sold at $0.0895 each, and an ongoing $250,000 giveaway is further amplifying its visibility. Analysts view RTX as a potential breakout candidate due to its focus on real infrastructure in a trillion-dollar market. Its multi-chain support (Ethereum, Solana, XRP, and Cardano), audited smart contracts, and deflationary model are all structural advantages that could support long-term growth [1].

Given these developments, some market observers are beginning to shift their attention from KAS to RTX. While KAS remains in a technical battle for a breakout, RTX is already building a use case that aligns with broader adoption trends in the crypto space. Its growing community and real-world utility position it as a potential leader in the next altcoin cycle, especially as the PayFi sector continues to expand [1].

Sources:

[1] https://coinmarketcap.com/community/articles/68903f9cf66ec432fbcd0203/