Kaspa Price Prediction: Will KAS Break Key Resistance on June 29?

Kaspa (KAS) price prediction for June 29: Analyzing key resistance levels, potential breakout scenarios, and expert insights for KAS traders.

Kaspa (KAS) is at a pivotal point. After a steady recovery, KAS price faces a key resistance level. Will it break through, or will it be pushed back down? Let's dive into the June 29th predictions.

Kaspa (KAS) Price Stalls at Resistance

As of June 29th, Kaspa's price is hovering near $0.0775, testing a descending trendline. After failing to break above $0.080 on June 25th, the market is at a critical juncture. Momentum has improved slightly, but technical indicators are mixed, showing only early signs of strength.

Yesterday's Prediction Recap

Yesterday's prediction focused on the importance of breaking above $0.078. This breakout didn't happen. Kaspa remained stuck below the descending resistance line, consolidating between $0.071 and $0.075. The bearish scenario of dropping below $0.071 was avoided, with support holding firm.

Kaspa's Current Market Overview (June 29)

Kaspa has recovered from its recent low of $0.064 and is testing the descending trendline for the third time. Despite the upward move, momentum remains fragile. Volume isn't showing strong follow-through, and price is pausing below key breakout levels.

Analyzing the Kaspa Chart

The 4-hour chart reveals a consistent downtrend since early June. Lower highs and lower lows confirm this structure. The descending trendline connecting June swing highs is still active, with Kaspa failing to close above $0.0785. Small-bodied candles and upper wicks indicate hesitation. This zone is crucial for a potential breakout or rejection.

Technical Indicators Point to Mixed Signals

Momentum is gradually turning positive, but not fully restored. ADX and MACD support trend continuation, while ROC and Bull Power indicate growing buying strength. However, the Ultimate Oscillator suggests momentum isn't fully restored yet.

Potential Price Scenarios

• Bullish Scenario: A breakout above $0.080 with heavy volume could lead to a rally to $0.084–$0.088. The trendline should then act as support.
• Neutral Scenario: If Kaspa holds between $0.074 and $0.078, sideways action may continue until a volume breakout occurs.
• Bearish Scenario: If the price drops below $0.074, it could revisit the support at $0.070 or even probe the bounce area at $0.064.

Wrapping Up: What to Watch For

Kaspa is trading near a key resistance line, showing early signs of strength but no confirmed breakout. Traders should closely watch the $0.080 level for a decisive move. Until that level is cleared with volume, the chart remains neutral with a slight bullish bias. A failure to hold $0.074 could shift short-term sentiment back toward support zones. The most likely outcome is further range-bound action between $0.074 and $0.078 unless bulls take control with a clean breakout.

So, will Kaspa break free and soar, or will it remain grounded? Only time (and the market) will tell! Keep an eye on that $0.080 mark – it's the key to unlocking Kaspa's next move. Happy trading, ya'll!