Kaspa Pumps 15%: Here’s the Short-Term KAS Price Outlook

Kaspa (KAS) is finally showing signs of life again. Over the past few days, KAS price has jumped by more than 15% and is now pressing against a key resistance level. The big question is whether this move will fizzle out or if Kaspa still has room to run.

Looking at the daily KAS/USDT chart, we can see that the recent spike did not come out of nowhere. The price was stuck inside a downward channel since mid-May, with lower highs and lower lows forming a clear bearish trend.

But that trend is now broken.

Kaspa price managed to close above the top of that falling channel last week. Even more interesting is what happened next. After breaking out, it entered a “mini consolidation” zone. For almost a week, KAS traded sideways in a tight range just above the previous downtrend line. That kind of sideways move right after a breakout is often a bullish signal, as it suggests the market is taking a breather before making the next push.

KAS Price Analysis

And that’s exactly what happened. The breakout continued this week, and KAS price is now testing the $0.09 resistance level.

Can KAS Break $0.09?

This $0.09 area is no random price point. It acted as a key support level in June before flipping into resistance after the drop. KAS is now right at that level again, and how the price behaves here will likely set the tone for the next few days.

If Kaspa price can break and close above $0.09, the next target is clear. The next big resistance is sitting around $0.108. That’s the local high from mid-May and would represent a clean continuation of this short-term bullish trend.

But if KAS gets rejected at $0.09, things could turn choppy again. The price might fall back into the previous consolidation range and stall around the $0.082 to $0.085 zone. A deeper drop might even bring it back into the top of the old descending channel.

RSI Says There’s Still Juice in the Tank

Another strong clue from the chart is the Relative Strength Index (RSI). The RSI has now pushed above 64, which suggests decent momentum is building. It is still below the overbought zone, so technically, there is still room for more upside before the market becomes overheated.

The last time RSI hit these levels for Kaspa was during its rally in April and May. So this current level, paired with the clean breakout structure, is definitely encouraging for bulls.

A Market-Wide Push Could Help Kaspa

It also helps that the broader crypto market is looking strong. Bitcoin and Ethereum are both bouncing from key levels, and altcoins are starting to catch up. That sort of environment could give Kaspa the extra push it needs to clear $0.09 and try for $0.10 next.

But price action doesn’t follow clean lines forever. Momentum can shift quickly, and a failed breakout could send KAS back to square one. That’s why the next few daily candles will be critical.

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Kaspa is in a much better spot now than it was a few weeks ago. The falling trend is broken. The mini consolidation held. Momentum is rising. And now all eyes are on that $0.09 line.

If KAS closes strongly above it, the door to $0.10 and even $0.108 starts to open up. But if it gets pushed back, then the price might drift sideways again and wait for another setup.

For now, though, the KAS price structure is giving bulls something to smile about.

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The post Kaspa Pumps 15%: Here’s the Short-Term KAS Price Outlook appeared first on CaptainAltcoin.