Kaspa (KAS) Price Prediction: Has surpassed the Sideways consolidation area, testing the 0.096 key resistance will confirm the breakout.

Kaspa (KAS) is currently reported at 0.091 USD during the Asian afternoon session today (17), having surpassed the previous sideways consolidation area. However, analysts state that KAS needs to test the key resistance at 0.096 USD in order to truly confirm a trend breakout.

KAS is approaching the key resistance level of 0.096 USD. Whether it can break through this resistance level will likely determine the next movement. Since May, the token has been fluctuating between 0.060 USD and 0.096 USD.

Currently, KAS is testing the upper track of the box and the downward trend line that has been suppressing its rise since the high in May. If the bulls can break through, we may see the price of KAS rise to $0.10 or even $0.12.

If it fails to break through the resistance level, the price may consolidate sideways between $0.080 and $0.090. If the breakout does not hold, this range will still be valid.

KAS Price Analysis

According to Captain Altcoin, the KAS daily chart shows that the price of Bitcoin has been significantly trading sideways between $0.060 and $0.096. After forming a rounded bottom from June to early July, the price has steadily risen to the top of the range.

This circular structure indicates that buyers have been quietly accumulating, and now they are taking action. The next challenge is to break through the orange trend line that has covered each rise since May. A breakout has not yet occurred, but the pressure is increasing.

All major indicators show buy signals. Momentum is still present, and the market does not seem to be overheated at this time. Bulls are in control.

(Source: Trading View)

KAS Price Prediction

Bullish scenario:

If the closing price of KAS can break through 0.096 USD, it may rise to 0.10 USD or even 0.12 USD. This will confirm the breakout.

Neutral situation:

If the KAS price breaks below the resistance level again, it is expected to further consolidate sideways between $0.080 and $0.096 until a stronger trend emerges.

Bearish scenario:

If the price falls back below $0.080, the bears may regain control of the situation. This could bring $0.075 or even $0.066 back into focus.

Summary

The price of KAS is on the verge of a breakout, but it has not yet broken through. The bulls have issued a strong push, and various indicators support further upward movement, but the daily closing price is the decisive factor.

All eyes are focused on the level of 0.096 dollars. A thorough breakthrough of this level could trigger the next round of increases, but if it fails again, we may see more sideways consolidation.