Kaspa (KAS) price prediction: Not breaking through the long-term downtrend, long positions must firmly break through 0.12.

The price of Kaspa (KAS) today (23) during the Asian afternoon session is reported at 0.1139 USD, temporarily ending the fluctuations of the early session. Despite a pullback, KAS is still up over 50% from the July low, and the trend remains bullish. The new trend that started last week is still continuing, with the KAS price remaining above the 9-day MA, setting higher highs and lower lows.

KAS is currently below the long-term downtrend line, and traders are watching to see if the bulls can break through, or if the token will stagnate again.

The price of KAS is still well above the 9-day MA of 0.0969 USD, which means that the bullish momentum has not completely faded. However, after such a strong pump this month, it is not surprising to see some consolidation or pullback.

KAS Price Analysis

The KAS daily chart shows that the price is being squeezed below a descending resistance line that has existed since November 2024. Since then, every rebound has stopped near this trend line, and this week's rejection continues that pattern.

Currently, the bullish trend remains intact. However, unless KAS breaks through 0.120 USD with actual trading volume, it may pull back to 0.098 USD or even 0.090 USD. The candlestick chart also appears to be slightly weak, with smaller bodies and a hint of hesitation.

Bulls are still supported by momentum, but both RSI and CCI are in the overbought zone. If it fails to break through $0.120, we expect the price to stagnate or pull back in the short term.

(Source: Trading View)

KAS Price Prediction

bullish scenario:

If KAS breaks and closes above 0.120 USD, we may see it quickly pump to 0.135 USD to 0.140 USD. This is the clear breakout that bulls are looking forward to.

Neutral Scenario:

If the KAS price hovers between 0.105 and 0.117 dollars, it indicates that we are consolidating, with no breakout but also no crash.

Bearish scenario:

If it falls below the 9-day MA (0.0969 USD), it may pull back to 0.090 USD or 0.085 USD.

The price of KAS seems strong, but it has just reached a serious ceiling. All indicators are at high levels, and this trend line has been difficult to break through in the past.

The biggest question now is: will KAS break through 0.120 USD, or will it temporarily pull back? Everyone's attention is focused on this area. Before that, the market is expected to consolidate slightly, waiting for the next move.