Kaspa drops 7.38% as sellers dominate amid weak technical support

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Kaspa drops 7.38% to $0.045 today

Highlights

Kaspa (KAS) experienced a surge in trading activity and improved liquidity following its recent listing on the HTX crypto exchange (formerly Huobi).
A marked decrease in KAS token balances on exchanges over the past week indicates holders are moving coins to self-custody, potentially lowering short-term supply.
The influx of investor interest due to the HTX listing may ease immediate selling pressure as tokens are transferred off exchanges.

Investor supply tightens as HTX listing boosts flows and self-custody

Kaspa recently gained improved liquidity and market access following its listing on the HTX crypto exchange (formerly Huobi), which drove a sharp increase in trading activity. Over the past week, a decrease in KAS token balances on exchanges suggests that holders are moving coins to self-custody, potentially lowering short-term supply and easing immediate selling pressure. The HTX listing directly contributed to an influx of investor interest.

Bearish bias persists amid weak trend and volatile intraday moves

Momentum signals remain negative, with both the daily and weekly MACD showing a strong sell bias and the ADX below 21, indicating a weak trend. Oscillator readings are mixed: RSI and CCI both point to underlying weakness but stay above oversold levels, while the Stoch RSI registers as overbought, signaling a risk of continued volatility. BBP is marginally positive, but with the current price down 7.38% on the day and near the session’s low ($0.0449), sellers dominate intraday flows. There was a minor gap down at the open, and trading action is showing high volatility with sustained pressure following the open, confirming bearish momentum.

Further downside likely as volatility bands tighten and upside fades

The expected trading range for the next 5 sessions is adjusted to $0.042 to $0.048, representing a volatility band relative to current levels. The probability of an upward move is very low (less than 20%), making further downside more likely in the near term. The baseline scenario anticipates continued sideways trading within a narrow range. A bullish scenario would require a sustained move above the $0.0516 resistance zone, while a break below $0.042 could lead to accelerated declines.

Viktoras Karapetjanc, Traders Union expert, sees Kaspa’s recent HTX exchange listing as a key driver for improved sentiment and fresh liquidity. He notes that fundamentals are still shaping up, while the macro picture suggests volatility will persist. Technicals remain heavy, but on-chain flows show holders growing more confident. The analyst expects price stability as selling pressure eases, with a slim chance for a breakout if sentiment stays constructive. "If Kaspa can build on its new exchange momentum and buyers defend $0.042, I see room for an eventual recovery beyond resistance."

Previously it was reported that Kaspa (KAS) remains under persistent bearish pressure, trading below all major moving averages and key Ichimoku resistance, with momentum and volatility indicators highlighting strong seller dominance and oversold conditions. Downside risk prevails as KAS is expected to consolidate within a volatile, narrow band, with a close above the $0.0496 resistance needed to signal potential recovery.

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.