Kaspa (KAS) price prediction: the pump momentum slows down to test key support, and it may further fall to 0.090 USD.

Kaspa (KAS) is cooling down after a strong pump earlier this month, hovering around $0.101 today (24th) in the Asian afternoon session, which is more than a 7% fall from its recent high of around $0.114.

After a complete breakout from the long-term resistance level, the KAS price is currently testing the short-term support level, and the upcoming trend may set the tone for the remaining time of this week.

KAS previously broke through the long-term consolidation range between $0.065 and $0.088, and surged strongly, but currently shows signs of slowing down.

KAS is currently basically holding in the range of $0.105 to $0.117, with no significant pump or fall; for now, it's just a waiting game.

The KAS price has slightly risen above the 9-day moving average after pulling back from recent highs. If this pullback deepens further, the previously broken range of $0.065 to $0.088 will still serve as the main support level.

KAS Price Analysis

KAS formed a nice round bottom before breaking out in early July. The breakout encountered resistance around $0.114, and since then, we have seen a healthy pullback.

Currently, the KAS price is above its rising 9-day moving average. If buyers hold this position, the upward trend may continue. However, if it falls below this level, the price may retreat to the previous consolidation range.

The trading volume has decreased, and the K-line chart has shrunk, which is a sign of indecision. Bulls are trying to hold the trend, but have not yet completely taken control of the situation.

All these indicators still show buy signals. The market still has upward momentum, but the current levels need to maintain this momentum.

(Source: Trading View)

KAS Price Prediction

Bullish scenario:

If KAS can break through 0.120 USD, the next stage may reach 0.135 USD or 0.140 USD.

Neutral Scenario:

If the KAS price remains between 0.105 and 0.117 USD, more consolidation is expected.

Bearish Scenario:

If the closing price of KAS is below the 9-day SMA of about 0.099 USD, it may fall to 0.090 USD or even 0.085 USD.

The price of KAS is at a key position on the chart. The pump has paused, and the market is watching whether the bulls can hold the trend.

Currently, the 9-day moving average serves as an important support level. If this line is maintained, the upward trend can continue. If it falls below this line, we may return to the previous support level.