Kaspa Trapped in Tight Range—Bulls Eye $0.08 Support to Avoid Breakdown

Kaspa (KAS) has been trading in a narrow range, with its price currently hovering around $0.0829, according to data from multiple exchanges including Gate.io, MEXC, and Bybit [1]. The token's price is down by 1.76% in the last 24 hours, indicating a period of consolidation [1]. The market cap of KAS stands at approximately $2.21 billion, placing it at rank 46 in the overall cryptocurrency rankings [2].

On the technical chart, KAS has been constrained under a descending trendline since July, with repeated failed attempts to break through higher levels, resulting in lower highs [3]. Despite the bearish pattern, the price has found support around the $0.08 level, which has become a critical area for bulls to defend [3]. Analysts suggest that a breakdown below this support could lead to further declines, potentially pushing the price down to $0.072 [3].

Conversely, a breakout above the descending trendline could reverse the bearish sentiment and trigger a rally toward the July highs near $0.11 [3]. This level represents a 40% increase from the current price and would signal a shift in market dynamics. Until such a breakout occurs, the market is expected to remain in a state of uncertainty, with the chart favoring caution over aggressive trading positions [3].

Price predictions for Kaspa are mixed, with some short-term models projecting minimal growth over the next few weeks [4]. A daily growth rate of 0.014% suggests the price will rise slightly to $0.08745 by September 6, 2025 [4]. On a longer-term basis, forecasts using a 5% annual growth rate project the price reaching $0.08948 by the end of 2025 and $0.09396 by 2026 [4]. By 2030, the price is expected to hit $0.1142, representing a 27.63% return on investment [4].

Given the current market conditions and technical indicators, the near-term outlook for Kaspa remains cautious. A clear breakout or breakdown is necessary to provide direction and confirm the next potential move [3]. The market is closely watching whether buyers can defend the key support level or if bears will extend the downward trend. For now, traders are advised to maintain a watchful stance, as the price remains in a critical consolidation phase [3].

Source:

[1] title1 (https://www.worldcoinindex.com/coin/kaspa)

[2] title2 (https://cryptoslate.com/coins/)

[3] title3 (https://captainaltcoin.com/september-setup-is-kaspa-kas-next-move-be-a-double-digit-rally/)

[4] title4 (https://www.bitget.com/price/kaspa/price-prediction)