Kaspa up 5.88% as momentum indicators remain bearish on current volatility: weekly review

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Kaspa rises 5.88% this week

Highlights

Kaspa faces sustained seller pressure with the price below key moving averages, pointing to a bearish trend.
Momentum indicators remain weak despite a modest 5.88% weekly gain, suggesting limited conviction behind the recent recovery.
Expected trading range is $0.0297 to $0.0361 this week, with a higher probability of further declines unless $0.0361 is breached.

Developer focus and quantum security shape sentiment as roadmap unveiled

Kaspa has announced its roadmap for Kasplex, an EVM-compatible Layer 2 solution planned for launch in August, enabling developers to port smart contracts from platforms such as Ethereum, Binance Smart Chain, and Polygon to its network. Additionally, the project is exploring solutions for quantum security, as a transition to post-quantum cryptography could increase data requirements and affect core priorities like speed and scalability. The goal is to attract more developer activity and liquidity as Kasplex and its supporting infrastructure mature.

Bearish momentum prevails as weekly indicators signal weak upside

On the weekly timeframe, momentum indicators for KAS remain weak, with both the MACD and ADX confirming a bearish backdrop. RSI W1 and Commodity Channel Index are both below neutral, indicating insufficient upside momentum, while the Stochastic RSI sits near a buy zone but does not indicate strong overbought conditions. Bull/Bear Power is marginally negative, and the price finishes the week in the upper part of the range, with weekly volatility at 9.84%. KAS continues to face resistance near the MA-20 ($0.0387), while immediate support is found at $0.0297 and resistance at $0.0361.

Rangebound action favored this week as breakout odds remain limited

For the next 7 days, KAS is likely to remain rangebound within the $0.0297 to $0.0361 corridor, as suggested by current weekly indicators and volatility amplitude. The probability of a sustained upside breakout is very low (less than 20%), given none of the four key momentum indicators are in buy or strong buy territory. The base scenario calls for sideways action, with a bullish move contingent on a break and hold above $0.0361. However, a decline below $0.0297 could accelerate downside momentum and test lower yearly levels.

Anton Kharitonov, analyst at Traders Union, sees Kaspa struggling to overcome medium-term bearish pressure this week. Although the price gained 5.88% over the past seven days, it still trades below both the weekly MA-20 and MA-50, showing sellers remain in control. Momentum signals like MACD, ADX, and RSI remain weak, and neither technical nor sentiment data point to a sustained reversal. While the recent Kasplex news is positive for long-term fundamentals, current technicals suggest limited upside in the coming week. Kharitonov believes sideways action between $0.0297 and $0.0361 is most likely, with resistance still formidable near $0.0361. "Unless Kaspa breaks and holds above $0.0361, I stay cautious and expect more rangebound or downside action in the week ahead."

Earlier, analysts noted that Kaspa's technical outlook was constrained by persistent bearish pressure and a low likelihood of a sustained upside move. The current analysis reaffirms this cautious stance, emphasizing that KAS remains rangebound, with a decisive break above $0.0361 or below $0.0297 likely to determine the next significant directional shift.

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

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