Kaspa Price Prediction: KAS Breaks Key Resistance Zone, Buyers Still Dominate the Market but Face Selling Pressure Challenges

Kaspa (KAS) has risen by 13% in a single day, continuing the trend of a 72% price increase over the past four weeks. However, despite the rise in volume and a surge in buying pressure, the price movement has tested a resistance area that historically exhibits Bear Market characteristics, which may lead to a slowdown in this trend.

KAS faces selling pressure challenge as it enters supply zone The technical chart shows that KAS has entered a key resistance area, also known as the supply zone. This area is located between $0.114 and $0.127, which has historically triggered strong price rejections multiple times.

For example, in February, KAS briefly entered that area before the price quickly fell, setting the lowest price of the year. A similar drop occurred in May when KAS touched that area again and subsequently plummeted to around $0.6.

Currently, KAS has tested this resistance zone and is facing slight rejection, with the candlestick chart turning red. Although a sell-off has not yet been confirmed, it reflects significant selling pressure in this price range.

Buyers still have the upper hand Despite facing resistance, indicators show that sellers may be losing ground, while buying activity continues to increase.

Key indicators such as the Accumulation/Distribution Line (A/D) and the Bull-Bear Power (BBP) show increasingly strong bullish strength.

The A/D line reflects a strong accumulation signal, indicating that buying pressure has exceeded selling pressure in recent trades. Notably, the accumulation volume of KAS has reached 10.18 billion in the past 24 hours, showing a rising trend, suggesting that there may be more growth in the future.

Similarly, BBP has also reached a two-week high, indicating that the bulls are dominating the market and showing more interest.

This trend indicates that, although KAS is currently trading within a known supply zone, bulls are still actively participating. However, it remains uncertain whether it will break through this resistance zone.

Spot traders resume buying KAS In the past four days, even though KAS has risen, spot traders continue to sell the token on centralized exchanges.

According to CoinGlass data, the cumulative sales of these traders have reached $1.48 million, indicating that despite the market rebound, the sentiment remains bearish.

Interestingly, selling pressure has eased. In the past 24 hours, the spot sales amounted to only $47,000, indicating that the market is beginning to show new buying interest.

Although this suggests that bulls may be resuming accumulation in the spot market, the trend is not entirely bullish. Bears may still re-enter the market, applying downward pressure on prices and leading to a price correction for KAS.

Conclusion The current price movement of KAS is facing significant resistance zones and selling pressure challenges. Despite active buyers, the market remains full of uncertainty. The next few days will determine whether it can break through this supply zone; if the breakout is successful, it may welcome further pump.