Kaspa (KAS) Tests $0.096 Resistance Amid Bullish Bias and Mixed Technical Signals

Kaspa (KAS) continues to trade within a well-defined symmetrical triangle pattern, with recent price action suggesting a slight bullish bias, though resistance at the top of the pattern remains a hurdle. As of August 9, KAS is valued at $0.093757, slightly above its short-term moving average of $0.0879, indicating that buyers have been able to push the price higher after a recent dip to the $0.085 zone earlier in the month [1].

The price has already surpassed the $0.091 level, a key target mentioned in yesterday’s prediction, and is now testing the $0.096 area, inching closer to $0.10 [1]. This aligns with a broader technical setup that has been under observation for several days. The $0.091–$0.092 range continues to act as a potential support zone, and as long as this level holds, the bullish structure remains intact [1]. However, a break below $0.080 would invalidate the current bullish wedge pattern and signal a more bearish outlook.

Technical indicators offer mixed signals. The MACD has just turned bullish, while the ADX is showing a strengthening trend. The RSI (14) is at 53.44, indicating a slight bullish bias, but the ROC (Rate of Change) is at -6.20, signaling short-term weakness in momentum [1]. The CCI (14) is at 8.28, suggesting the price is near its average, and the Bull/Bear Power (13) is at 0.0016, favoring buyers but only slightly.

From a broader market perspective, KAS has remained within a tight range of $0.088–$0.090 for much of the week [4]. While the 24-hour change stands at +3.54% as of August 9, the volume has only seen a slight uptick, indicating that the market is still consolidating rather than making a definitive directional move [1].

Analysts have outlined several potential price scenarios. A bullish scenario would require a close above $0.10, which could drive the price toward $0.105–$0.110, with a potential breakout in the $0.112–$0.120 range. A neutral scenario involves the price continuing to trade sideways between $0.085 and $0.10, with limited directional movement. A bearish scenario would see the price fall below $0.087, triggering a drop toward $0.084–$0.085, and potentially breaking down to $0.080 [1].

The overall sentiment in the market appears cautiously optimistic, with some sources noting a “Greed” sentiment score of 62 on platforms like CoinCodex [6]. However, the price has yet to break out of its range, suggesting that traders remain divided between caution and optimism. Bitget and CoinCheckup have also issued forecasts placing the price around $0.09034 and $0.094, respectively, reinforcing the idea that the price is expected to remain within a narrow band [1][6].

Investors and traders are advised to closely monitor key resistance and support levels. A sustained move above $0.090 could signal stronger bullish momentum, while a drop below $0.087 could initiate a pullback. Until a clear trend emerges, KAS is expected to remain within a defined range, with limited opportunities for aggressive trading [1].

Source:

[1] title: Kaspa (KAS) Price Prediction for Today (August 9) (https://coinmarketcap.com/community/articles/6896bacb712b3d7555bf4746/)

[6] title: Kaspa(KAS)Price prediction (https://www.bitget.com/price/kaspa/price-prediction)