Kaspa Price Hovers Near $0.096 Resistance Amid Bullish Momentum

Kaspa (KAS) has been on an upward trajectory for several weeks, but it is now approaching a critical juncture. Buyers have maintained momentum since late June, but the rally is beginning to lose steam as it nears a familiar resistance trendline. The token is currently trading just below $0.092, with several bullish signals still present. However, traders are closely watching the $0.096–$0.10 zone for indications of either a breakout or rejection.

Yesterday's prediction highlighted the significance of the $0.096 level, noting that a clean break above this range could lead to a quick run toward $0.10 or even $0.11. Conversely, failure to break through could result in consolidation back toward $0.088. Kaspa's price was pushed back from the descending trendline and is now hovering around $0.091, with bulls still holding the 9-day SMA as short-term support. The resistance zone did, in fact, reject the price during the last session, and the price remains above all key short-term supports.

As of July 19, Kaspa's current price is $0.0916, with a 24-hour change of -2.18%. The Relative Strength Index (RSI) stands at 62.66, and the 9-day Simple Moving Average (SMA) is at $0.0882. The price remains in a clear uptrend above the 9-SMA, with short-term structure intact. However, it is testing a long-term descending resistance line that has rejected multiple rallies since May.

The Kaspa chart structure reveals a bullish short-term trend clashing with a bearish medium-term setup. Price has formed higher lows since June but remains within a broader descending channel. The orange trendline connecting lower highs is proving to be tough to break. A strong candle above $0.096 would flip that structure bullish, but so far, the market has paused. The RSI at 62.66 is bullish, and all other momentum indicators, including MACD, CCI, and Stochastic, are showing buy signals. The Average True Range (ATR) is also rising, signaling that volatility could increase in either direction.

Technical indicators on the daily timeframe show a bullish crossover for the MACD, strong bullish pressure for the CCI, and a bullish territory for the RSI, which is not yet overbought. The Stochastic is trending up with more room to rise, and the Ultimate Oscillator shows a mild bullish bias. The ATR indicates high volatility, with wider swings expected. All indicators favor the bulls, but breakout confirmation is still needed. Momentum is solid, yet the price is hesitating just before resistance.

In the bullish scenario, a breakout above $0.096 with volume could trigger a rally toward $0.11. Indicators suggest this setup is building. In the neutral scenario, failure to break resistance may cause the KAS price to move sideways between $0.088 and $0.096. In the bearish scenario, if the price drops below $0.088 and the 9-SMA, the next support lies at $0.080. A close under that may revisit $0.075 or $0.066.

Kaspa's price is in a bullish trend, with strong short-term energy driving further increases. Traders await a confirmed breakout above the descending resistance. The $0.096–$0.10 level is the battleground. Meanwhile, sideways motion or shallow dips remain possible.