Here’s Where Kaspa (KAS) Price Could Go This Week?

Kaspa (KAS) roadmap is moving forward, even as the broader market keeps pulling prices around. The project confirmed its Covenant hardfork is scheduled for May, bringing native assets and zero-knowledge features directly to Layer 1. 

That kind of upgrade adds more depth to Kaspa’s long-term utility. However, the KAS price dropped over 5% on February 13 during a wider crypto sell-off, even after U.S. inflation data came in softer. 

This shows how strongly Kaspa still trades with overall market sentiment. For now, the tech story is improving, but price is still reacting to macro pressure. The Kaspa price is trading around $0.03326.

Here’s What The Kaspa Chart Is Showing

Looking at the 4H chart, Kaspa has been stuck in a clear downtrend for months. Price has continued to print lower highs and lower lows, with sellers controlling most rebounds. 

The recent breakdown in early February pushed the KAS price sharply lower, followed by a small bounce that has not changed the larger structure yet.

However, the KAS chart shows the price dipped from the $0.04 area to the $0.025 area, which was the bottom. Since then, the price of KAS has stabilized and is trading sideways around the $0.033 area. Bulls need more strength before the trend can shift in a meaningful way.

Right now, this is more of a consolidation after a selloff than a confirmed reversal. The market is watching closely to see if Kaspa can build a base here or if another leg lower develops.

Source: Coinank

What the Indicators Are Showing Right Now

OBV is still low, which means strong buying has not come back yet. Volume also looks light, so this bounce is more of a pause after the drop.

MACD is close to neutral, showing selling pressure is easing, but there is no clear upside signal. Price is still moving sideways instead of starting a real move up.

The long and short positioning data also shows caution. Shorts remain elevated, and long exposure has not recovered, which tells us traders are still hesitant to fully bet on upside until the chart improves.

Read Also: Here’s Where XRP Price Is Headed This Week

Kaspa Price Targets for This Week

Kaspa has to stay above $0.032 to continue this kind of bounce. If this holds true, we can potentially go back up to the key resistance at $0.038-$0.04. If KAS moves higher, $0.04 is the next level.

If KAS drops under $0.032, support is near $0.028. The low in February was at around $0.025.

However, the Covenant hardfork in May is a positive upgrade for the project, but the chart is still weak right now, and KAS is trading in line with the rest of the market.

This week comes down to whether the Kaspa price can stay near $0.033 and move higher, or slip back toward the recent lows.

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The post Here’s Where Kaspa (KAS) Price Could Go This Week? appeared first on CaptainAltcoin.