Kaspa Price Holds Key Support Zone Amid Market Uncertainty

Kaspa (KAS) cryptocurrency is currently trading around $0.085 to $0.088, stuck in a tight range following a correction from mid-July highs above $0.14. Technical indicators show a short-term bearish trend with resistance near $0.090 to $0.095, where a breakout could trigger a potential short squeeze due to significant short positions at risk. Support remains critical between $0.082 and $0.085, with a break below possibly driving prices down to $0.070. On-chain data reveals a recent outflow of 19 million KAS from exchanges, indicating holders may be preparing for longer-term holding, which could reduce selling pressure. Kaspa's unique blockDAG architecture and its scalability prospects contribute to bullish price predictions for 2025, with forecasts ranging from approximately $0.11 to $0.21 if consolidation patterns and momentum improve. Overall, while momentum remains fragile, a sustained move above key resistance levels could spark a significant upward trend for Kaspa.