Kaspa Drops 1.86% as Bearish Trend Persists

Kaspa (KAS) has been experiencing a downward trend, currently trading at $0.06825. The price has been capped below a falling trendline since late May, which has rejected all attempts at upward movement. Momentum indicators are flashing red, and the volume is fading, indicating that the price is hovering just above key support with no signs of strength from buyers.

Kaspa failed to break the descending resistance near $0.080 earlier this month and has since drifted down toward the $0.068 zone. The current setup shows that KAS price is trading just below $0.069, with no bullish signs emerging. The price continues to respect the downtrend and remains under pressure with no volume spike or reversal pattern. The range between $0.070 and $0.075 has given way, and the market is leaning toward a full retest of the April consolidation levels.

Kaspa's daily overview for June 21 shows a current price of $0.06849, with a 24-hour change of -1.86%. The 4-hour RSI (14) is at 38.8, and the volume is low and declining. The price structure is defined by lower highs and a gradual descent, reflecting strong control from sellers. The $0.066–$0.068 zone is acting as temporary support, but repeated tests may weaken it.

The Kaspa chart structure remains firmly bearish, with the price unable to break above the descending trendline, which now sits near $0.078–$0.080. Attempts to climb above this resistance in early June failed, and the market has been slowly grinding lower ever since. Candles are mostly small-bodied, with weak closes and fading momentum. No bullish divergence or breakout setup is visible. If $0.066 breaks, the next support zone sits between $0.063 and $0.060.

Technical indicators on the daily timeframe support the bearish trend. The MACD (12,26) shows weak momentum with a bearish crossover, while the ADX (14) indicates a strong downtrend with bears in control. The CCI (14) is oversold, showing continued selling pressure, and the Ultimate Oscillator at 38.8 indicates that selling pressure outweighs buying interest. The ROC shows sharp downward momentum, and the Bull/Bear Power (13) confirms bearish control remains.

In summary, all indicators support the bearish trend. MACD and ROC show sustained downward momentum, ADX confirms trend strength, and CCI and Ultimate Oscillator show that bulls remain inactive. The most likely outcome for today is continued weakness near $0.068, with a possible breakdown to $0.060 if bears stay active. Unless a strong reversal appears, the price is expected to remain under strong selling pressure with no bullish signals emerging.