Kaspa (KAS) Price Prediction: Buyer Activity Unexpectedly Remains Strong, Forming a "Higher High" Pattern

Kaspa (KAS) broke through a key resistance level earlier this week, and today (22nd) it continues to perform strongly, rising to 0.1103 USD. The upward trend that started at the end of June is still ongoing, with prices continuously climbing and momentum strengthening. The volume has also increased by 104% in the past 24 hours, indicating that buyers remain active.

The current price is slightly below $0.12, and traders are eagerly awaiting a breakthrough or a brief pullback for Kaspa. If there is a price retracement, the ascending trend line and the 30-period EMA will continue to provide strong support.

KAS Price Analysis

Kaspa price continues to hover above the 30-period EMA and the rising support level. A breakout from the consolidation range of $0.085 to $0.095 has provided momentum for this trend. The focus now shifts to whether the price can hold above $0.11 and reclaim the range of $0.117 to $0.12.

The KAS 4-hour chart continues to perform strongly, with prices rising steadily since the end of June, forming a clear pattern of "higher highs and higher lows." Three clear Break of Structure (BOS) levels have appeared on the chart, indicating that as the pump strengthens, the previous resistance areas have transformed into support levels.

The upward-sloping orange trend line has been guiding this trend, connecting key swing lows and remaining consistently stable.

The price of KAS has been following this line, indicating that buyers still have control over the situation. The 30-period EMA is also rising, slightly below the current price, providing additional support.

KAS price broke through $0.101 and attempted to break through $0.12, but failed to do so. The current price is slightly below that level. The price faces resistance between $0.117 and $0.12, and if it can break through that range, we may see it move towards $0.125.

If the price falls back, the $0.085-$0.095 area should provide support, as the price had previously consolidated there. This area, along with the trend line and the exponential moving average, provides buyers with a decent entry point when needed.

Although neutral CCI readings and weakening ADX may suggest a pause or a slowdown in the trend, the indicators support a bullish bias.

(Source: Trading View)

KAS Price Prediction

Bullish scenario:

If the short-term closing price breaks through 0.12 USD, it may drive the price to rebound to 0.125 USD. As long as the momentum continues, various indicators and structures will support further gains.

Neutral Situation:

If the bulls fail to break through the resistance level immediately, the KAS price may consolidate between $0.105 and $0.117.

Bearish scenario:

After breaking below $0.10, the uptrend line will begin to appear. Further weakness may retest the support level at $0.085.

KAS price is still in a bullish uptrend, with key support levels unaffected. Momentum indicators are overall bullish, but the resistance level around $0.12 may slow the pace of the rise. Traders are focused on whether buyers have the strength to further drive the pump.