+7.22% for Kaspa — bullish response to oversold technicals despite bearish trend

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Kaspa surges 7.22% today to $0.045

Highlights

Kaspa's sole developer announced the shutdown of Kaspa Explorer (kas.fyi), removing a key network monitoring tool from use.
The Crescendo upgrade aims to boost transaction speed and maintain network stability, signaling ongoing technical improvements in the Kaspa ecosystem.
Kaspa ranks number 55 among crypto assets, with a circulating supply of approximately 27 billion and a market capitalization of about $1.25 billion.

Developer announcement and network upgrade temper sentiment after explorer shutdown

Kaspa's recent news flow was driven by the announcement from its sole developer regarding the shutdown of the Kaspa Explorer (kas.fyi), a widely-used network monitoring tool. The asset also underwent the Crescendo upgrade, which aims to increase transaction speed and maintain network stability. Kaspa currently ranks number 55 in the crypto asset ecosystem, with a circulating supply of approximately 27 billion and a market capitalization of about $1.25 billion.

Oversold signals clash with persistent sell momentum and moderate volatility

The nearest dynamic resistance is defined by the Ichimoku Kijun at $0.0496, while immediate support sits closer to the intraday lows. Momentum on the daily timeframe remains weak, with both the MACD and ADX in sell territory, while oscillators (RSI at 35.6, Stoch RSI at 0.0, CCI at –158.8) highlight clear oversold conditions and a possible exhaustion of selling. The BBP maintains a negative bias, confirming sellers’ dominance through today’s session. The Awesome Oscillator aligns with this by reinforcing the bearish undertone. Volatility was moderate, showing intraday strength toward session highs despite prevailing indicators, and this rebound slightly contradicts persistent weak momentum, potentially reflecting short-term buyers responding to oversold signals.

Rangebound trading likely as weekly indicators favor downside risk

Over the next five trading days, the expected volatility band is between $0.041 and $0.047, keeping the current price comfortably centered within this range and reflecting recent price swings. The probability of a further price increase is low (less than 20%), with declines favored as all key weekly indicators (RSI, ADX, MACD, and MA-50) remain bearish or neutral. The base case scenario is sideways consolidation inside this corridor. A move above resistance at $0.0496 could spark bullish momentum, while a drop below $0.041 would expose KAS to new lows, maintaining pressure from sellers.

Anton Kharitonov, analyst at Traders Union, notes that Kaspa faces ongoing bearish pressure with all major moving averages above the current price. He sees weak technical momentum despite a short-term bounce, with oversold conditions attracting limited buying interest. The shutdown of Kaspa Explorer and recent network upgrades have yet to improve sentiment or technical setup. "Unless Kaspa decisively reclaims $0.0496, the base case is sideways to lower — any upside is strictly capped for now."

Previously it was reported that Kaspa (KAS) is trading below all major moving averages, with technical indicators such as MACD, RSI, and Stochastic RSI highlighting deep oversold conditions and strong bearish momentum. The price is expected to consolidate within a narrow range, with a high risk of further declines unless resistance near $0.0496 is reclaimed.

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.