After grinding lower since June 11, Kaspa (KAS) showed an unexpected jolt of life. In a matter of candles, the price surged nearly 10%, briefly disrupting its steady descent from $0.093. Though this bounce caught traders’ attention, the key question remains: does this mark a trend reversal or just another relief rally? Let’s dive into the details of this move and what it could mean for Kaspa price prediction.
Resistance Still Holding Strong
The recent spike faced resistance near the $0.080 level—an area that previously served as support back in May. Kaspa now hovers around $0.078, showing hesitation near this well-watched zone. Despite the bounce, momentum indicators like the RSI suggest the move is likely a short-term reaction.
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RSI had dipped to 33 before the bounce—deep in oversold territory.
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Kaspa’s 4-hour chart still shows price well below the 200-day moving average, which sits near $0.103.
This technical backdrop suggests that unless bulls reclaim key levels quickly, we may simply be witnessing a pause in a broader downtrend.
Exchange Holdings and Sentiment Shift
Beyond price, there’s a subtle but important shift happening: Kaspa exchange holdings are starting to rise. While the uptick is small, it breaks the previous trend of tokens being steadily withdrawn from exchanges.
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This could indicate some traders are preparing to sell, but the slow pace suggests caution—not panic.
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Medium and long-term holders still largely keep funds off exchanges, hinting at ongoing confidence.
Also Read: Bitget price prediction 2025 - 2030
Speculators Enter the Scene
Social sentiment is heating up. Speculative traders are stepping in, as shown by a 6.5% rise in open interest and positive funding rates. Tweets about possible Qubic-Kaspa mining integration added to the buzz.
Final Thoughts
While Kaspa’s bounce has stirred the market, it hasn’t yet confirmed a full reversal. However, the shift in sentiment and early accumulation behavior may hint that sellers are running low on fuel.
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