Kaspa ($KAS) price prediction: Is $0.137 support key for bullish move?

Current state

The higher high and higher low bullish structure of $KAS is evident from the red dots marking swings. The grey boxes represent key demand zones where $KAS retraces, accumulates, and shifts to create new higher highs. Currently, $KAS is trading at $0.163, having wicked down to its demand zone, attempting to form a local bottom around $0.12.

Key observations: support levels

The 200 EMA, a significant support level, is positioned just below the current price around $0.145, reinforcing the strength of the blue box zone ($0.137-$0.147) as an ideal DCA area.

Demand zone

Deeper wicks below this area are expected, with $0.10 identified as the next downside support that must hold to sustain the bullish momentum.

Potential scenarios: Bullish continuation

If $KAS holds above the $0.137-$0.147 zone and the 200 EMA, it may continue its bullish trend.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Deeper retracement

A break below $0.137 could lead to a retracement to $0.10, a key support level.

Conclusion

$KAS is currently positioned within a strong support zone, making it an ideal candidate for DCA. The asset's consistent bullish structure suggests that holding above the $0.137-$0.147 area and the 200 EMA could lead to further upside. However, a break below this zone could trigger a deeper retracement to $0.10, which would be a key level to watch.