Kaspa Price Surges 35% Since June Lows, Awaits Breakout

Kaspa (KAS) is currently trading at $0.08506, having bounced back from its late-June lows. The price has been on an upward trajectory but is now encountering resistance from a trendline that has been capping rallies since May. Daily indicators suggest a bullish outlook, but traders are awaiting further confirmation before declaring a breakout.

KAS found support around $0.062 and has since been forming higher lows, trading above its 9-day moving average. It is now positioned just below the $0.090 mark, where the trendline resistance is active. The chart indicates a falling trendline from the $0.14 high in May, with the price currently pressing against it. Higher lows since June support the upward movement. If KAS maintains its position above the 9-day simple moving average (SMA) and holds the $0.080 level, bulls will remain in control. However, rejection at the trendline could lead to a pullback to $0.073.

To confirm a bullish reversal, KAS needs a strong close above $0.090, which could open the path to $0.10–$0.105. Technical indicators on the daily timeframe support continued strength. The Relative Strength Index (RSI) at 58.31 indicates bullish momentum without being overbought. The Moving Average Convergence Divergence (MACD) has just turned positive, signaling an early uptrend. The Commodity Channel Index (CCI) at 118.45 shows the price trending well above average, while the Ultimate Oscillator at 55.05 suggests light bullish pressure across timeframes. The Rate of Change (ROC) at 13.84 indicates strong recent price acceleration, and the Bull/Bear Power at 0.011 shows that bulls still have the edge.

In summary, the indicators point to continued strength, with buyers currently in control. However, a breakout still requires confirmation. In a bullish scenario, a solid daily close above $0.090 could propel the price toward $0.10 or even $0.105 in the short term. In a neutral scenario, if KAS cannot break above the trendline, it may remain range-bound between $0.080 and $0.090. In a bearish scenario, a move back below $0.080 would shift control to sellers, potentially targeting the $0.073–$0.075 zone.

Kaspa's price appears stronger than it has in weeks, but the trendline around $0.090 remains a critical test. A break through this level could signal another leg higher. However, until this occurs, the chart maintains a cautious outlook. Traders should monitor volume and the $0.090 close, as these factors will determine the next move.