Kaspa Price Prediction: KAS has just broken through a key resistance zone, beware of an excessive pump retracement or a sideways consolidation.

Kaspa (KAS) is experiencing strong bullish momentum, currently reported at 0.105 USD during the Asian afternoon session today (21). It has short-term broken through the key resistance area of 0.101 USD and remains bullish in the short term. However, some indicators have issued preliminary signals suggesting that the pump may appear slightly excessive. Therefore, a pullback or brief sideways consolidation would not be surprising.

KAS price continues to trade above the 9-period moving average, confirming the strength of the bullish trend. The latest breakthrough of the 0.101 USD resistance level is attributed to a strong structural uptrend, consistently higher lows, and multiple confirmations of Break of Structure (BOS) since June. Trading volume is gradually recovering, further reinforcing the continuity of the bullish trend.

KAS Price Analysis

The 4-hour chart shows a clear bullish signal, with higher highs being made, and both the trendline and support levels in the horizontal area are rising. The latest breakout candlestick has broken through a key area, indicating that the price may continue to fluctuate in the range of $0.105 to $0.110.

In the past few weeks, three BOS points have been formed, with the last one confirming the continuation of bullish momentum. Below the breakout level, strong support is located around $0.098, with deeper support at $0.082-$0.085.

The trend line since June 23 is still intact.

Although the overbought CCI reading may indicate a need to cool off or retest support levels, the indicators support a bullish bias.

(Source: Trading View)

KAS Price Prediction

Bullish scenario:

If it breaks through $0.101 and gets volume confirmation, Kaspa's next target could be $0.105-$0.11. The trend and momentum remain intact.

Neutral scenario:

Rejections near the current level may lead to a consolidation between $0.098 and $0.101, where there is good support.

Bearish scenario:

If the KAS price closes below $0.098 and fails to hold the trend line, the price may return to the support area of $0.085 or $0.082.

Kaspa price is currently maintaining a bullish structure, with upward momentum and trendline support. The area between 0.105 and 0.11 USD is currently the next resistance target. A pullback to 0.098 USD is still possible, but unless there is a surge in volume, it is unlikely to break the overall structure.

In addition, with the official launch of the Kasplex Layer2 mainnet on August 31, smart contracts will also go live on Kaspa, and this development could impact prices and market attention in the coming weeks.