Kaspa tests $0.041 support as seller pressure outweighs buyer activity

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Kaspa slides 7.26% today to $0.0437

Highlights

Kaspa trades below key short- and medium-term moving averages, indicating persistent selling pressure at $0.0437.
Technical indicators deliver negative momentum signals with a strong sell on MACD, neutral trend strength, and conflicting oscillator readings.
Price is projected to trade sideways in the $0.041 to $0.0464 range next 2 to 3 days, with a 63% likelihood of a move lower.

Bearish momentum deepens as negative signals clash with intraday buyer moves

On the hourly chart, KAS is trading below the MA-20 at $0.044 and the MA-50 at $0.0453, while maintaining a position above the MA-200 at $0.032. The Ichimoku Kijun at $0.0449 serves as immediate resistance. Momentum signals are clearly negative with a Strong Sell on MACD, and ADX indicates neutral trend strength. RSI is at 41.8 and flashing Sell, whereas Stochastic RSI suggests overbought conditions and CCI remains neutral, highlighting some divergence among oscillators. Bull/Bear Power is showing intraday buyer activity, but the overall indicator tone for this session stays bearish amid high volatility and weak momentum.

Downside favored as resistance holds and volatility shapes outlook

Over the next 2 to 3 trading days, KAS is expected to trade within the $0.041 to $0.0464 range, reflecting typical volatility for the asset. There is a 37% probability of an upward move, while a downward scenario is favored, with a 63% likelihood. If KAS breaks above immediate resistance at $0.0449, buyer control could emerge. Conversely, a drop below $0.041 would suggest that sellers have regained dominance.

Anton Kharitonov, expert at Traders Union, sees continued weakness in Kaspa (KAS) as the price remains under key resistance and technical signals point to bearish momentum. The absence of positive news adds to the cautious tone and highlights downside pressure. Kharitonov believes the short-term outlook is defensive unless the $0.0449 resistance is reclaimed. "For now, bears control the session and I see no reason to bet on a reversal until we clear $0.0449."

Previously it was reported that Kaspa was showing signs of persistent bearish momentum as technical pressures and weakening on-chain activity increased downside risk. The current analysis reinforces this view, highlighting that sellers remain in control while heightened volatility makes a break below $0.041 a key downside risk to monitor in the coming sessions.

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.