Kaspa Price Surges 8% to $0.1121 on Bullish Momentum

Kaspa (KAS) has experienced a strong performance today, with its price surging over 8% and currently trading around $0.1121. This upward trend began in late June and has continued to gain momentum, with the price making higher highs and showing increased buying activity. The price is now just below the $0.12 mark, and traders are closely watching to see if Kaspa will break through this resistance level or take a pause.

The rising trendline and the 30-period Exponential Moving Average (EMA) have been providing strong support, which could be crucial if the price retraces. Yesterday's outlook predicted a bullish continuation if the price could maintain levels above $0.101, and this prediction held true as the price quickly reached the $0.11 zone. The support area between $0.098 and $0.101 held firmly, allowing the bullish momentum to continue. The trendline and short-term structure remain intact, supporting the ongoing uptrend.

Kaspa's 4-hour chart shows a strong pattern of higher highs and higher lows since late June, with three clean break of structure (BOS) levels indicating that previous resistance zones have flipped into support. An upward-sloping trendline has been guiding this move, connecting key swing lows and holding firm. The 30-period EMA is also moving higher and sitting just below the current price, offering extra support. The price has consistently respected this line, showing that buyers are still in control.

Technical indicators on the hourly timeframe support a bullish bias. The Relative Strength Index (RSI) is at 58.11, indicating bullish momentum. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting trend continuation. The Rate of Change (ROC) is positive, indicating price acceleration. However, the Commodity Channel Index (CCI) is neutral, suggesting possible consolidation, and the Average Directional Index (ADX) is at 26.94, indicating a mild trend with a possible slowdown. The Bull/Bear Power indicator shows slight bearish pressure, suggesting minor resistance.

In summary, Kaspa's price remains in a bullish uptrend with key support levels intact. Momentum indicators are overall positive, but resistance around $0.12 could slow the speed. Traders are interested to see if buyers have the strength to push the rally further. If the price can break above the $0.117–$0.12 range, it might move toward $0.125. However, if the price drops back, the $0.085–$0.095 area should provide support, along with the trendline and EMA.