Kaspa( KAS ) price prediction: Testing short-term support, the trend in the coming days may determine the market direction.

The price of Kaspa (KAS) has experienced a pullback after a strong rise, currently priced around $0.104, down more than 7% from the recent high of $0.114. After breaking through long-term resistance, the KAS price is testing short-term support, and the movement in the coming days may determine the direction of the market.

Current Situation After Kaspa Pullback The price of Kaspa experienced a strong pump at the beginning of this month, breaking through a long-term consolidation range ($0.065 to $0.088). However, the price has recently pulled back to $0.104, showing a trend of short-term consolidation. Currently, the price remains above the 9-day Simple Moving Average (SMA), and if the support line holds, the price may continue to rise; otherwise, the price may return to the previous range.

Yesterday's Market Review In yesterday's market outlook, we pointed out that $0.120 is a key breakout level, and a breakout could be bullish. However, the KAS price failed to break through this level and encountered resistance around $0.114, subsequently starting a pullback. We also mentioned the 9-day SMA (then at $0.0969) as an important support area. If the price breaks below this support line, a pullback to $0.090 or $0.085 could occur. As of now, the price has not broken below the 9-day SMA and remains within the $0.105 to $0.117 range, with market sentiment being relatively neutral.

Kaspa Market Dynamics At present, the price of Kaspa has fallen back to around the 9-day SMA, and if the bulls can hold this support area, the price is likely to continue to rise. If support fails, a pullback to the $0.090 or $0.085 area is possible. Overall, the market shows a certain hesitation, investor sentiment is unclear, and price volatility is small.

Technical Indicator Analysis

• Current price: $0.104

• 24-hour change: -7.32%

• 9-day SMA:$0.099

• Trading volume: trading volume weakens after pullback

  

Technical charts show that Kaspa formed a relatively smooth bottom pattern before the breakout. Although it encountered resistance at $0.114 after the breakout, the subsequent pullback did not damage the overall pump trend. Currently, the 9-day SMA provides important support, and if it stays above this level, the bulls may regain dominance.

Possible Future Trends

• Bullish Scenario: If the KAS price breaks through $0.120, it may continue to pump to $0.135 or $0.140.
• Neutral Scenario: If the price remains within the range of $0.105 to $0.117, it may continue to consolidate.
• Bearish Scenario: If the price falls below the 9-day SMA (around $0.099), it may pull back to $0.090 or $0.085.

Conclusion Currently, the price of Kaspa is consolidating near key technical levels. The market's direction will depend on whether the bulls can hold the 9-day SMA support line. If this support level is breached, it may lead to a pullback to the previous support range. Investors should closely monitor the price performance in the coming days to assess the market's trend.