Kaspa Pumps: Can KAS Price Break $0.09? A Short-Term Outlook

Kaspa (KAS) shows signs of life with a recent 15% jump. Is this a breakout or a fakeout? We delve into the KAS price, short-term outlook, and what it means for investors.

Kaspa Pumps: Can KAS Price Break $0.09? A Short-Term Outlook

Kaspa's been making moves, and the big question is: can it keep going? After a recent 15% pump, all eyes are on whether KAS can break through that crucial $0.09 resistance. Let's dive into the short-term outlook.

Kaspa's Recent Surge: A Breakout Story

Remember when KAS was stuck in that downtrend since mid-May? Lower highs, lower lows – the whole shebang. But guess what? That's history! Kaspa managed to break above that falling channel, and that's a major first step.

Even cooler, after the breakout, KAS chilled in a "mini consolidation" zone for about a week. Sideways movement after a breakout? That's often a bullish signal. Think of it as KAS taking a breather before its next big leap.

The $0.09 Hurdle: Make or Break Time

Now, KAS is testing that $0.09 resistance level. This isn't just some random number. It used to be a key support in June before flipping into resistance. What happens here will likely set the tone for the next few days.

Scenario 1: Break Above $0.09. If Kaspa can decisively close above $0.09, the next stop is pretty clear: $0.108, the local high from mid-May. That would signal a continuation of this short-term bullish trend.

Scenario 2: Rejection at $0.09. If KAS gets rejected, things could get choppy. The price might fall back into the $0.082 to $0.085 zone, or even re-enter the old descending channel.

RSI: Still Room to Run?

The Relative Strength Index (RSI) is another encouraging sign. It's pushed above 64, indicating building momentum. And since it's not yet in overbought territory, there's technically still room for more upside. The last time RSI hit these levels, Kaspa went on a rally in April and May. That's pretty promising, right?

The Broader Market's Influence

Let's not forget the bigger picture. Bitcoin and Ethereum are bouncing, and altcoins are starting to catch up. A rising tide lifts all boats, and a strong overall market could give Kaspa the extra oomph it needs to clear $0.09.

Community Still Hopes for $1 in 2025

While the short term looks promising, some analysts and community members are still eyeing that ambitious $1 target by the end of 2025. This sentiment is fueled by upcoming catalysts and ecosystem developments. However, others are setting more realistic targets around $0.35 to $0.70, especially if Kaspa gets listed on major exchanges and smart contracts launch successfully.

The Bottom Line

Kaspa's in a way better position than it was a few weeks ago. The falling trend is broken, the mini consolidation held, and momentum is rising. Now, all eyes are glued to that $0.09 mark.

If KAS closes strongly above it, the door to $0.10 (and even $0.108) swings open. But if it gets pushed back, the price might just chill sideways and wait for another setup.

So, keep an eye on those daily candles. Things can change fast in the crypto world. But for now, the KAS price structure is giving bulls something to smile about. And hey, even if it doesn't hit $1 by 2025, at least we're having fun watching, right? Cheers!