How High Can Kaspa (KAS) Price Go This Week?

CaptainAltcoin
KAS-0,55%
BTC1,19%

Interest in Kaspa (KAS) is starting to grow again as both the project’s progress and its price chart begin to line up. The network has been hitting new milestones, and that’s getting people to look at the token again while traders watch a few key price levels that could shape the next move.

Some analysts have even pointed to Kaspa as a project with long-term upside potential, mainly because of its Bitcoin-like scarcity model and fast transaction speeds.

However, technical traders say the $0.03 level is an important area to watch, since holding above it could open the door for a move toward $0.10 for the KAS price.

The network itself has also been growing. Kaspa passed 600 million transactions, showing steady usage on the blockchain. On top of that, developers are planning a hard fork upgrade in May, which could introduce covenants and early smart-contract capabilities, adding new functionality to the network.

  • Here’s What The Kaspa Chart Is showing
  • Market Indicators Show Weak but Stabilizing Momentum
  • Kaspa Price Targets For This Week

Here’s What The Kaspa Chart Is showing

At writing, Kaspa is trading at $0.03079, just above the critical support zone at $0.03.

If we look at the price action over the past few days, the Kaspa price has been trending lower over the past few months, with the price action trending lower from the start of the year, dropping from a high of around $0.06 before plunging lower in early February.

The plunge has seen the price action touch the support zone at around $0.025, where it has been met with a strong buying response, leading to a strong rally.

The market has been trending sideways, with the price action oscillating between the support zone at around $0.029 and the resistance zone at around $0.032, a clear indication that the market is trying to decide the next course of action, whether it will continue going sideways or start trending lower.

Source: Coinank

Market Indicators Show Weak but Stabilizing Momentum

The indicators on the chart show that the market is mostly calm right now and trying to find its balance.

The RSI is sitting around the 40–45 area, which is a bit below the middle point of 50. This means sellers still have some control, but the market is not too weak either. Because it isn’t oversold yet, the price could still move higher if more buyers start stepping in.

The MACD also looks quiet at the moment. The bars are small, which shows that strong momentum hasn’t returned yet. However, the two lines are getting close to crossing upward, and that can sometimes be an early sign that the trend may change if the price starts moving up.

Volatility is also going down. The ATR has been falling, which means price movements are getting smaller. When that happens, it often means the market is preparing for a bigger move soon.

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Kaspa Price Targets For This Week

If bulls are able to hold their ground on the $0.03 support level, the first level to test is the $0.034 level, and then the stronger level of $0.040.

If bulls are able to clear the $0.040 hurdle, it is likely to open the gates to the $0.050 level, which was a major trading range earlier this year.

If the KAS price is unable to hold on to the $0.03 level, the next levels to test are the $0.027 and then the $0.025 levels, which was the last support level where buyers came into the market.

The current levels to watch are the $0.03 level, and how the market reacts to this level is crucial to see whether Kaspa is going to start a new move to a possible recovery rally or consolidate further in the short term.

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