Kaspa ($KAS) is showing a strong recovery today, currently trading at $0.04150. After a period of bearish pressure where it hit a local low near $0.03938, the bulls are finally stepping in to defend the psychological support at $0.040.
🔍 Market Snapshot
* Current Price: $0.04150
* 24h Change: +3.98%
* 24h Vol (KAS): 159.10M
* Market Sentiment: Neutral to Bullish in the short term as the RSI shows strong recovery momentum.
📉 Technical Analysis (4H Chart)
The 4-hour chart reveals a sharp bullish reversal candle currently testing key moving averages.
* Support Zone: The $0.039 – $0.040 range has proven to be a solid demand zone. Holding above the EMA(7) at $0.04069 is critical for continued upside.
* Resistance Levels: The price is immediately challenging the EMA(25) at $0.04100. A successful breakout here opens the door to the EMA(99) at $0.04367.
* Indicators: The RSI(6) has surged to 77.78, indicating strong buying pressure but also nearing "overbought" territory, which may lead to a brief consolidation before the next leg up.
🚀 Key Drivers for KAS
* Network Upgrades: Anticipation around the DAGKnight upgrade in the 2026 roadmap continues to provide fundamental support for long-term holders.
* Oversold Rebound: After a recent 11% weekly decline, KAS was technically "due" for a bounce as selling exhaustion set in near $0.040.
* Liquidity: Trading volume has surged over 34% in the last 48 hours, signaling renewed interest from active traders.
💡 Potential Trade Setup (Intraday)
> Long Entry: $0.0408 – $0.0412
> Target 1: $0.0435 (Major EMA resistance)
> Target 2: $0.0452 (Recent swing high)
> Stop Loss: Below $0.0392
>
Final Thought: While the long-term trend has been bearish, today's volume surge suggests a potential "bottoming out" process. If $KAS can flip $0.0415 into support, we could see a rapid move toward $0.044.
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#TechnicalAnalysis $KAS