Oversold zone limits further downside for Kaspa in latest session

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Kaspa slides 7.04% today to $0.0321

Highlights

Kaskad, a Kaspa-based Layer 2 lending protocol, surpassed $2 million in TVL, signaling robust user and capital growth ahead of a key upgrade.
High token circulation and ongoing miner emission reductions support lower inflation, though Kaspa price continues to face broad selling pressure.
KAS/USD trades below major technical levels with dominant bearish momentum, likely remaining range-bound at $0.0310–$0.0331, and only a 27% probability of an upward move.

Lending protocol milestone and lower emissions as selling pressure persists

Kaspa-based Layer 2 lending protocol Kaskad surpassed $2 million in total value locked (TVL) as of June 11, reflecting increased capital participation and lending activity within the network’s DeFi ecosystem ahead of a major upgrade. This milestone points to greater engagement from users and developers, potentially expanding Kaspa's appeal as a platform for decentralized applications. A high proportion of total token supply is already in circulation, while ongoing reductions in miner emissions continue to constrain inflation, though price action has remained under broader selling pressure.

Bearish momentum dominates with mixed oscillator signals near key support

Technically, KAS/USD trades below the MA-20 ($0.0326), MA-50 ($0.0331), and MA-200 ($0.0369), with the Ichimoku Kijun acting as immediate resistance at $0.0335. MACD shows a Sell bias and ADX reads Neutral, while RSI is in Sell territory, CCI signals Oversold, and Stoch RSI flashes a Strong Buy for a potential technical bounce. BBP registers Sell, indicating sellers dominate intraday, with AO supporting continued downside momentum. Mixed signals among oscillators suggest ongoing bearish momentum with the potential for a short-term rebound if a bounce materializes.

Downside favored as volatility bands and probabilities limit rebound odds

Over the next 2–3 trading days, the expected volatility band for KAS/USD is $0.0310 to $0.0331. The probability of an upward move stands at 27%, while the chance of further downside is 73%, indicating a limited likelihood of an upside reversal in the immediate term. The baseline scenario foresees continued sideways price action; a bullish scenario would require a breakout above immediate resistance at $0.0335, while renewed selling below $0.0310 could extend the current downtrend.

Anton Kharitonov, expert at Traders Union, sees Kaspa maintaining a defensive posture despite growing DeFi engagement and reduced inflation risks. He notes that technical momentum remains negative, with sellers dominating at key levels and a low 27% chance of near-term upside. Any bullish reversal is likely to be challenged unless resistance at $0.0335 is decisively broken. "For now, the technical bias is bearish and I remain cautious while KAS stays below major moving averages."

Earlier, analysts noted that Kaspa was experiencing sustained bearish momentum and caution amid ongoing selling pressure. The latest technical signals and on-chain developments confirm this cautious stance, with traders advised to watch for a decisive move outside the $0.0310–$0.0331 volatility band as an early signal for the next directional trend.

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.