Kaspa Consolidates Near $0.089 Amid Mixed Technical Signals

Kaspa (KAS) is currently in a short-term consolidation phase, with price action hovering around the $0.089 level after forming a local bottom at $0.0799 earlier in the month. The token has shown minimal movement, indicating traders are waiting for a stronger signal before committing to a directional move [1]. The 4-hour chart reveals a pattern of choppy consolidation, with repeated failed attempts to push above $0.095 and strong support between $0.085 and $0.087 [1]. This suggests a cautious market, with the key focus now on whether Kaspa can maintain its position above $0.087 [1].

Open interest has risen to approximately $475M, reflecting a gradual buildup of positions. This increase implies that both bulls and bears are preparing for potential volatility, as higher open interest often precedes sharp price movements [1]. Daily trading volume, however, remains low at around 12M, well below the spikes seen earlier in August. This subdued activity aligns with the consolidation phase, as traders remain on the sidelines awaiting a breakout signal [1].

Technical indicators present a mixed outlook. The MACD remains flat near the zero line, indicating a lack of strong momentum either way. However, the shrinking red bars on the histogram suggest weakening bearish pressure, hinting that a potential bullish crossover could support a move toward $0.095 [1]. The RSI stands just above 50, pointing to neutral momentum, which supports the idea that Kaspa is neither overbought nor oversold, leaving room for movement in either direction [1].

According to CaptainAltcoin, the key support level of $0.087 will be crucial in determining the direction of Kaspa’s next move. A successful hold above this level, combined with increased volume, could allow the price to test $0.095 and potentially push toward $0.10 [1]. Conversely, a breakdown below $0.085 could lead to a retest of the $0.080 support level, where buyers have previously intervened [1].

CoinCodex offers a more bearish forecast, projecting a potential decline to $0.067525 by September 23, 2025 [2]. This forecast is based on historical volatility patterns and technical indicators such as moving averages and the RSI. The Fear & Greed Index currently stands at 53, indicating neutral market sentiment, while the 49.65 RSI reading further confirms that Kaspa is in a balanced, non-extreme state [2]. The 50-day and 200-day simple moving averages are at $0.092722 and $0.10285, respectively, suggesting Kaspa is trading below its longer-term averages, which is a bearish signal [2].

Pivot point analysis reinforces this bearish outlook, with support levels at $0.090279, $0.088231, and $0.086244 considered critical. A break below the key support at $0.087 could trigger a more pronounced downward trend [2]. Resistance levels at $0.094314 and above are also expected to hinder any upward attempts in the near term [2].

Kaspa’s price is positively correlated with major cryptocurrencies like HBAR, LTC, and DOGE, indicating it may follow similar short-term price patterns. However, a negative correlation with coins such as XMR and OKB suggests divergent behavior in certain market conditions [2].

MEXC and Bitget report a mixed short-term performance, with a 3.81% gain over the past 24 hours but a 10.53% drop over seven days [3]. This volatility underscores the unpredictable nature of Kaspa in the short term and aligns with the bearish bias indicated by multiple technical signals [3].

For the next week, Kaspa appears to be at a critical juncture. A move above $0.087 and an increase in volume could open the door for a bullish breakout, while a breakdown below $0.087 might accelerate the downward trend. Traders and investors are advised to closely monitor these levels and volume activity to gauge the next potential direction [1].

Sources:

[1] CoinMarketCap Community

Url: https://coinmarketcap.com/community/articles/68ab3f1f583a82604e89393a/

[2] CoinCodex

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

[3] MEXC

Url: https://www.mexc.com/price/KAS