Based on the materials from the site - By CaptainAltcoin
The price of Kaspa has remained stable over the past few weeks, staying within a clear range of $0.060 to $0.080.
After a decline of more than 50% from May's highs around $0.16, the token has finally stopped falling and is now moving in a sideways trend.
Today's price dynamics continue to show stability, but bulls still need to overcome resistance before a real trend change occurs.
At the time of writing, the price of KAS is trading at $0.0776, which is just over 3% above the daily simple moving average, which could be a small positive signal.
In yesterday's forecast, we noted that moving above $0.0775 on high volume could push the price of Kaspa to $0.082 or $0.085. The price closed slightly above $0.0776, just above the 9-day simple moving average, which is a small victory for the bulls.
We also expected sideways movement between $0.0735 and $0.0775 if there was no significant movement, and that's pretty much what happened. The price remained calm, holding the range.
The price of Kaspa is still stuck in the same narrow zone. Buyers held the lower boundary of the range around $0.062, but they have not yet managed to break through resistance. The price continues to fluctuate just below $0.080, waiting for a catalyst.
The overall picture shows that Kaspa is transitioning from a steep downward trend to slow and steady consolidation. A small rounded bottom is even starting to form, which could be a sign of accumulation.
If the price of KAS breaks above $0.080, there will be room for growth to $0.090 or even $0.10. But if sellers intervene again, KAS could easily return to $0.065. Currently, the structure seems to be trying to form a bottom, but there is no confirmation of this yet.
Summary: The indicators are mixed. Some lean towards a bullish trend, while others are neutral. It seems the market is waiting for its direction.
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