-7.12% for Kaspa — no long-term support as downside persists

Traders Union
All News
Crypto
Kaspa slides 7.12% today

Highlights

Kaspa users can now buy KAS with credit cards via Bitget, increasing accessibility and security for cryptocurrency purchases.
Bitget emphasized it is unconnected to any stocks, ETFs, or unrelated financial products, clarifying its exclusive focus on cryptocurrency transactions.
No additional corporate actions or ecosystem updates for Kaspa were reported in this coverage.

User access expands as Bitget enables direct KAS purchases

Kaspa users can now purchase KAS using credit cards through Bitget, providing a more accessible and secure acquisition process. Bitget clarified that it is not affiliated with any stocks, ETFs, or unrelated financial products, maintaining focus solely on cryptocurrency. No further corporate actions or ecosystem updates were reported in the latest coverage.

Weak, mixed momentum as price volatility tests support levels

Technical signals show immediate support at the Ichimoku Kijun level of $0.0496, with resistance found near the MA-50 at $0.0507. Momentum and oscillators remain mixed yet weak: MACD (D1) signals strong buy, but ADX leans sell with low conviction; RSI trends upward, but Stoch RSI and CCI point to oversold and neutral territory. BBP reflects a slight buyer advantage on the daily, although lower timeframes still favor sellers. The asset experienced sharp intraday downside after the open, closing near today's low after a 7.12% drawdown — highlighting high volatility and ongoing bearish sentiment.

Limited upside probability as range-bound trading dominates outlook

For the week ahead, KAS/USD is likely to consolidate within a $0.0496–$0.0516 volatility band relative to current levels. The probability of a sustained upward move is low (below 20%), so further downside remains the prevalent scenario. The most probable path is a sideways range between $0.0496 and $0.0516; a clear break above $0.0516 with stabilization above resistance could trigger a bullish reversal, while a move below $0.0496 would expose the asset to deeper weakness toward lower supports.

Viktoras Karapetjanc, expert at Traders Union, sees near-term bearish pressure dominating the KAS/USD outlook. He points to weak long-term technical structure but acknowledges improved sentiment thanks to Bitget’s enabled access for credit card purchases. The analyst notes that further downside is likely barring a move above $0.0516, but sees longer-term opportunity if sentiment remains positive and adoption grows. "If Kaspa can hold this support and sentiment continues to improve with easier access, there’s potential for a constructive turnaround in the medium term," says Karapetjanc.

Previously, it was reported that Kaspa was trading above its short- and medium-term moving averages but remained under long-term resistance, reflecting maintained bullish momentum despite a daily drop. Mixed momentum signals — with intraday oscillators favoring buyers but Stochastic RSI warning of exhaustion — set the stage for consolidation within typical volatility, with dynamic support forming near the Ichimoku Kijun and the probability of a price increase considered low for the coming days.

Source of Data: KAS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.