Kaspa Drops 0.88% as Bearish Momentum Persists

Kaspa (KAS) is currently trading at $0.07112, experiencing downward pressure due to a series of lower highs and lower lows that began in late May. The lack of a clear catalyst and continued rejection from trendline resistance have favored the downside momentum. Technical indicators are deeply in sell territory, and short-term support is being tested again after failing to break above the $0.080 level on June 16. The price has since drifted lower, hovering just above the $0.070 zone.

Yesterday's prediction highlighted the $0.070 support as a key level to watch. If this level failed, KAS price could retest the $0.060–$0.055 range. This scenario is currently playing out, with Kaspa remaining under the descending resistance line and struggling near $0.070. No breakout above $0.080 has occurred, maintaining the downtrend. A possible sideways range between $0.070 and $0.090 was suggested if $0.070 held, but the price remains at the lower end of this range, showing little strength or follow-through from buyers.

As of June 19, Kaspa's current price is $0.0704, with a 24-hour change of -0.88%. The Relative Strength Index (RSI) stands at 40.21, indicating a neutral to slightly bearish sentiment. The price continues to trade below its descending trendline, which began forming in late May. Recent price action shows narrow candles and long wicks, signaling indecision. The $0.068–$0.070 zone is acting as temporary support, but multiple retests raise concerns. Sellers have consistently defended the trendline, and buyers have failed to build momentum. Without a breakout above $0.077, the structure remains bearish.

The Kaspa chart reflects a classic downtrend with repeated rejections at the falling resistance line. After the failed push on June 16, the price dropped back to support, where it now trades with low volatility. Volume remains weak, and price candles are small-bodied, showing no strong directional interest. Unless KAS can reclaim higher ground with volume, the trend will likely continue lower. If $0.068 doesn’t hold, the next spot where KAS might bounce is down around $0.060 to $0.062. Bulls have to hold that zone if they want to stop the price from sliding even further.

Technical indicators on the daily timeframe show a bearish outlook. The Moving Average Convergence Divergence (MACD) indicates a bearish crossover with negative momentum. The Average Directional Index (ADX) shows a strong trend strength, supporting the current downtrend. The Commodity Channel Index (CCI) is deeply oversold but still bearish. The Ultimate Oscillator indicates weak momentum across timeframes, and the Rate of Change (ROC) shows a sharp recent decline. The Bull/Bear Power indicator confirms that bears remain in control. All key indicators are pointing down, with no real sign of a bounce coming despite the CCI indicating oversold conditions.

In the bullish scenario, a break above $0.077–$0.080 with volume could set up a push toward $0.090. However, no signals currently support this outcome. In the neutral scenario, if $0.070 holds up, KAS price could move sideways between $0.070 and $0.075 while traders wait for a clearer direction. In the bearish scenario, if KAS closes below $0.068, it could drop to $0.060 or even $0.055 if selling pressure continues.

Kaspa price remains stuck below key resistance, with none of the momentum indicators hinting at a reversal. The price continues to drift lower, and with weak volume, it doesn’t appear that buyers are jumping in anytime soon. The $0.068 support zone is being closely watched. If this level breaks, Kaspa could slide back to prices seen in early May. Unless the downtrend is broken or volume increases, sellers are likely to remain in control.