Kaspa Surges 8.10% Breaking $0.101 Resistance

Kaspa's price has recently broken through a key resistance zone, marking a significant milestone after weeks of steady upward movement. This breakout, evident on the 4-hour chart, is supported by strong momentum and a rising trendline that has been respected throughout the climb. With the price now sitting above $0.101, the short-term outlook remains bullish. However, some indicators suggest that the rally might be overextended, potentially leading to a pullback or a brief sideways movement.

Kaspa's current price stands at $0.10179, reflecting an 8.10% increase over the past 24 hours. The 9-period Exponential Moving Average (EMA) is at $0.09810, and the Relative Strength Index (RSI) is at 67.91, indicating a strong uptrend. The volume of trading is increasing, further supporting the bullish continuation case. The latest breakout through the $0.101 resistance area is backed by strong structure, higher lows, and multiple break-of-structure confirmations since June.

The 4-hour chart shows a clear bullish setup with higher highs and rising support from both trendlines and horizontal zones. The latest breakout candle has pushed through a critical zone, suggesting a potential continuation toward the $0.105–$0.11 range. Three break-of-structure points have formed in recent weeks, with the last one confirming the continuation of bullish momentum. Below the breakout level, strong support is located around $0.098 and deeper at $0.082–$0.085. The trendline from June 23 remains intact.

Technical indicators on the hourly timeframe support a bullish bias. The MACD (12,26) shows a bullish crossover with upside momentum building. The CCI (14) is overbought, indicating strong upward pressure but also suggesting a potential need for a pause. The RSI (14) is bullish and close to the overbought zone. The ADX (14) shows strong trend strength with buyers in control. The ROC indicates that the price is rising steadily with sustained momentum, and the Bull/Bear Power (13) shows a slight bull advantage with momentum tilted upward.

In summary, while indicators support a bullish outlook, the overbought CCI reading may suggest the need for a cooling period or a retest of support. If the breakout above $0.101 is validated with volume, Kaspa could aim for the $0.105–$0.11 range next. A rejection near current levels could lead to consolidation between $0.098 and $0.101, where good support exists. If the price closes below $0.098 and fails to hold the trendline, it could revisit the $0.085 or $0.082 support zones.

Kaspa's price is currently holding a bullish structure with rising momentum and trendline support. The $0.105–$0.11 area is now the next resistance target. A pullback to $0.098 remains possible but is unlikely to break the overall structure unless selling volume spikes. Additionally, the upcoming launch of Kasplex Layer 2 mainnet on August 31st, which will introduce smart contracts to Kaspa, could influence both price and market attention in the coming weeks.