Kaspa Skyrockets 13%—But This Hidden Resistance Could Make or Break Your Next Big Move!

When it comes to Kaspa [KAS], the recent rocket-fueled surge has certainly grabbed a lot of attention — a jaw-dropping 72% price jump over the past month followed by a sizzling 13% spike in just 24 hours. But here’s the kicker: despite this thunderous rally, KAS has hit a notorious roadblock — a resistance zone that’s acted like a brick wall for bulls before. It’s almost like watching a heavyweight bout where the champ powers through the rounds but stumbles just inches from victory. Are we witnessing a potential breakthrough or just another dramatic stall? The plot thickens as spot traders show a curious mix of hesitation and renewed buying interest, all while volume remains sky-high and bullish indicators hint at mounting strength. Makes you wonder — is this the calm before a breakout storm or just another pause in a rollercoaster ride? Stick around, because unraveling KAS’s next move might just offer some eye-opening insights on riding momentum and managing resistance in today’s fast-paced crypto market. LEARN MORE

Key Takeaways

KAS has recorded a significant run, but a key resistance zone now poses a major hurdle, with signs of spot selling pressure still present. The trading volume remains high, and bullish momentum continues to build, suggesting strong buyer interest even at current resistance levels.

Kaspa [KAS] surged by 13% in the past 24 hours, at press time, extending a trend of steady gains that has resulted in a 72% price increase over the last four weeks.

However, this bullish momentum may stall despite rising volume and aggressive buying, as price action tests a historically bearish resistance zone.

Bearish catalyst at play as KAS hits supply zone

Chart analysis reveals that KAS has entered a critical resistance area, also identified as a supply zone.

This zone lies between $0.114 and $0.127 and has historically triggered strong price rejections.

For instance, in February, when KAS briefly traded into this zone, it led to a major drop that marked the coin’s lowest price point of the year.

Source: TradingView

A similar decline followed in May, when KAS again touched this region and subsequently plunged toward the $0.6 range.

At press time, KAS had tested this resistance zone and faced minor rejection, as the candlestick turned red. While this isn’t yet confirmation of a sell-off, it reflects significant selling pressure at this level.

Buyers may still have the upper hand

Despite the resistance, indicators suggest sellers might lose out as buying activity increases.

Key metrics such as the Accumulation/Distribution (A/D) and Bull Bear Power (BBP) indicate growing bullish strength.

The A/D line reflects strong accumulation, signaling more buying than selling in recent sessions. Notably, accumulation volume reached 10.18 billion KAS in the past 24 hours, trending upward and suggesting potential for further growth.

Source: TradingView

Similarly, BBP hit its highest point in two weeks, a sign that bulls are beginning to dominate the market with more interest.

This trend suggests that although KAS is trading within a known supply zone, bulls are stepping in aggressively. However, it remains uncertain whether the asset will break out above this level.

Spot traders resume buying KAS

In the last four days, even as KAS rallied, spot traders had consistently sold the token across centralized exchanges.

According to data from CoinGlass, cumulative sales from these traders totaled $1.48 million, reflecting bearish sentiment despite the rally.

Source: CoinGlass

Interestingly, selling pressure has slowed. In the past 24 hours, total spot sales amounted to just $47,000, pointing to a renewed buying interest.

While this suggests bulls are beginning to accumulate again in the spot market, the trend isn’t fully bullish. Bears could still re-enter, apply downward pressure, and trigger a price pullback for KAS.