Kaspa Price Rally Watch: Key Trading Levels and What's Next

Kaspa's price is at a pivotal point, with key trading levels in focus. A supply squeeze is brewing, hinting at a potential rally. Let's dive into the details.

Kaspa Price Rally Watch: Key Trading Levels and What's Next

Kaspa (KAS) is currently trading around $0.076, and all eyes are on its next move. A significant supply squeeze, driven by medium-term holders keeping their coins off the market, suggests a potential rally. Let's break down the key levels traders are watching.

Supply Squeeze: Holders Sticking Around

Over 61% of the total Kaspa supply hasn't moved in over six months. Back in late 2023, only about 28% of coins were dormant. This surge indicates strong confidence among holders. With fewer coins available for trading, price volatility could increase.

KAS price has seen some ups and downs. It bounced from $0.03 to $0.13 at the end of 2023, then dropped to $0.07-$0.09, and climbed again to $0.17. Since then, it's been hovering around $0.07 and $0.12. The increasing number of locked-up coins is definitely something to watch.

Key Levels on the Chart

Support for KAS price lies between $0.07 and $0.08, a level where buyers have consistently stepped in. Resistance sits near $0.12 and $0.17, which have previously halted rallies. The big question is whether new demand can push KAS back toward the middle of this range or even higher.

Liquidation Heatmap: Potential Move Zones

Liquidation levels could also influence Kaspa's price action. The biggest cluster of liquidations sits below at $0.072-$0.073, while another significant zone is higher at $0.090-$0.092. Shorter layers at $0.080-$0.083 could act as short-term pivot points.

A drop to $0.075-$0.076 might trigger a push towards $0.072, while a move above $0.083 could lead to a run to $0.092. These liquidation bands often act as magnets as traders are forced to cover their positions.

What Traders Are Watching

With the current supply dynamics and clear liquidity targets, Kaspa could see increased activity soon. If KAS price holds the $0.07-$0.08 zone and climbs past $0.083, analysts anticipate a possible push toward $0.09 and beyond. Keeping an eye on these levels is crucial.

Final Thoughts

Kaspa's price is at an interesting crossroads. The supply squeeze and key trading levels suggest that a rally could be on the horizon. Whether it's a small jump or a significant surge remains to be seen, but one thing's for sure: keep your eyes peeled and your trading strategies ready!