Kaspa (KAS) Price Prediction August 15: Kaspa (KAS) Dips 3%: Is a Rebound Approaching?

On August 15, Kaspa (KAS) saw a 3% drop in price, reflecting broader market volatility. As of press time, Kaspa was trading at $0.1676, with a 24-hour trading volume of $69,310,490. 

Despite the daily dip, KAS has posted a 4.33% price increase over the past seven days, showing signs of resilience. The circulating supply of Kaspa sits at 24 billion tokens, giving the project a market cap of $4,066,237,439.

Source: TradingView

The market is now focused on whether this decline could be followed by a rebound. With price activity stabilizing near critical technical levels, investors are watching closely for signs of a potential breakout.

Kaspa’s technical analysis reveals that the critical support level to watch is at $0.1647, a price point where KAS has previously bounced back multiple times. The resistance level sits around $0.1733, where the price recently peaked before experiencing downward pressure. Should KAS break through this resistance, it may suggest the beginning of an upward trend. However, failure to hold the support level could lead to further declines.

The price is currently trading near the middle of the Bollinger Bands, indicating a period of consolidation after recent volatility. The tightening of the bands suggests that the market is preparing for a breakout or breakdown in the near term. A move above the upper band at $0.17538 could indicate a bullish breakout, while a drop below the lower band at $0.14410 may signal further downward momentum.

Mixed Signals from Technical Indicators

Kaspa’s technical indicators are sending mixed signals, contributing to the market’s uncertainty. The Relative Strength Index (RSI) is at 47.40, indicating a neutral zone where the market is neither overbought nor oversold. This level of RSI suggests that market sentiment is undecided. A rise above 50 could trigger renewed bullish momentum, while a drop below 40 could lead to bearish pressure.

The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, with the signal line currently above the MACD line. However, the histogram’s red bars are weakening, indicating that selling pressure may be easing. Should the MACD line cross back above the signal line, it could suggest a bullish reversal in the coming days.

Source: TradingView

Additionally, the Chaikin Money Flow (CMF) is at 0.13, showing modest buying pressure. This positive reading indicates that capital inflows are still outpacing outflows, which could provide the foundation for potential upward price movement if the trend continues.

Liquidation Spikes Highlight Volatility

The Kaspa liquidation trend over recent months highlights periods of heightened volatility. The most substantial spike occurred in early August when over $2 million in long positions were liquidated as the price of KAS dropped sharply from over $0.20 to around $0.15. 

Following this event, liquidations have become more balanced, with both long and short positions seeing moderate liquidations. This suggests that traders are exercising more caution after the significant market movement earlier this month.

Source: Coinglass

These liquidation spikes reveal that KAS remains a volatile asset, susceptible to sudden price changes. Traders are advised to be cautious, especially as the market consolidates and prepares for its next move.