Kaspa Cryptocurrency Rebounds 12% But Faces Resistance

Kaspa, a cryptocurrency, has shown signs of recovery after hitting recent lows, currently trading at $0.07453. However, the overall trend remains bearish as the price is still below a key trendline that has been pushing it down since May. The token found support near the $0.065–$0.067 zone and rebounded with one of its strongest daily candles in weeks, but it is still hovering around the $0.074 mark, below the barrier that has been capping recent rallies.

Yesterday's prediction highlighted $0.077 as a key breakout level that could open the door toward $0.080 or $0.085. However, this move has not materialized yet, and the price remains stuck just below that resistance. If momentum slows, Kaspa price might consolidate between $0.070 and $0.075, which has played out so far, with the price now hovering around $0.074. No breakout or breakdown has occurred as of today’s open, which keeps the short-term outlook neutral.

Kaspa's price action shows a strong rebound off the $0.065–$0.067 support zone. The sharp green candle from June 24 broke the short-term losing streak, but follow-through has been limited. Price is now testing the descending resistance line from May’s highs, which still holds as a barrier to upside. The Kaspa chart still leans bearish overall, with the trendline capping each rally attempt. Even though that bounce was one of the biggest single-day moves seen in weeks, it hasn’t really changed the bigger picture yet.

Volume hasn’t really picked up, and the price is still stuck below that $0.080 to $0.082 resistance zone. Without a daily close above $0.076 and confirmation from momentum, this could simply be another lower high in the ongoing downtrend. Technical indicators are mixed, with MACD and ADX suggesting the rally might keep going, but CCI, ROC, and Bull/Bear Power are throwing up some caution flags. Buyers haven’t fully taken control yet.

In the bullish scenario, if Kaspa manages to break above $0.076 with some real volume behind it, it could climb to $0.080 or even stretch to $0.090. In the neutral scenario, if KAS price keeps getting rejected by the trendline, it’ll probably just keep moving sideways between $0.070 and $0.075 for now. In the bearish scenario, if Kaspa breaks below $0.067, it could head back down toward $0.063 or maybe even drop to $0.060.

Kaspa price has bounced nicely off support, but it still hasn’t broken out of its downtrend. The indicators are giving mixed signals, and volume hasn’t picked up yet. For now, Kaspa will probably keep bouncing between $0.070 and $0.075. A clear breakout or breakdown is needed to see where it’s headed next.