Kaspa (KAS) shows signs of recovery on June 26! Will it break past $0.08? Get the latest KAS price predictions and analysis.

Kaspa Price Prediction: Can KAS Break $0.08 on June 26?

Kaspa (KAS) is showing early signs of a potential recovery after weeks of downward pressure. Can it maintain its momentum? Let's dive into the details.

Kaspa's Current Stance

As of June 26, Kaspa is trading around $0.07697, up 4.78%. It's broken above the 9-day moving average, turning former resistance into short-term support. But, the $0.080 level is proving to be a tough nut to crack.

What the Charts Say

The downtrend that began in mid-May was broken on June 24, pushing KAS price above the 9-day SMA. Today's candle shows a higher low and a higher high, but there's some hesitation near the top of the range, signaling profit-taking around $0.081.

Key Levels to Watch

• Resistance: $0.080 (immediate), $0.083 (next key level), $0.090-$0.100 (strong reversal point)
• Support: $0.070-$0.072 (short-term), $0.060-$0.067(Multi-Year Support)

Technical Indicators

Most indicators are flashing early buy signals. The ADX shows a trend forming, while ROC and MACD support short-term momentum. CCI remains neutral but stable.

Possible Scenarios

• Bullish: If KAS closes above $0.080, it could move toward $0.090 or even $0.100.
• Neutral: If KAS stalls below $0.080, it might consolidate between $0.070 and $0.075.
• Bearish: If KAS falls below $0.067, it could drop back to $0.063 or even $0.060.

The Bigger Picture

Looking beyond June 26, there's a long-term uptrend line that has supported Kaspa since early 2022. A recent bounce from around $0.064 suggests renewed confidence among traders. If this trend continues, Kaspa price could rally towards the $0.2 zone, a potential 170% jump from current levels.

Final Thoughts

Kaspa is showing promise, but that $0.080 resistance is a real test. Keep an eye on those key levels and watch for a clear breakout or breakdown to determine the next direction. Will Kaspa make you rich? Only time will tell!