KAS Price Holds Near Key Support as On-Chain Data Turns Bullish

• KAS price hovers near $0.084 support as liquidity risk rises, but a rebound zone forms below.
• Favorable funding rates highlight bullish sentiment even as short-term market pressure weighs.
• Whale accumulation strengthens outlook, signaling confidence in a longer rebound.

Kaspa’s KAS token has fallen into a bearish hole, dropping over 11% in just a week, as bear pressure has weighed down its price. At press time, the coin is trading around $0.08530. The token has been slowly decreasing each day, yet the daily outlook is starting to show small but hopeful gains that suggest there may be some resilience ahead.

The upcoming Kasplex L2 smart contract launch and the September conference in Berlin are spurring hopes that new utility and institutional interest could turn the market around.

KAS Price Forecast: Kaspa Faces Pressure Near Support

Kaspa’s KAS token is approaching a make-or-break moment as weekly price action consolidates inside a symmetrical triangle. The coin has retreated almost 30% from highs of $0.118 set in late July and is now testing important short-term support at the 23.60% Fibonacci retracement of $0.0849, a level that could dictate the next big move. 

The token’s price outlook shows that this area has so far provided a base, but a breakdown here would send its price much lower. If weakness persists, the cryptocurrency may test the lower boundary of the triangle, where support is between $0.064 and $0.052.

Holding above this range may offer support for a recovery, though a strong weekly close below it will extend bearish sentiment. This will leave KAS struggling in the lower ranges around $0.04, $0.03, or even $0.013.

On the upside, resistance lies at the 50% level of the Fibonacci retracement, exactly at $0.1211. Breaking above this level will mark a momentum reversal, with a potential upside of more than 40% from present levels.

In contrast, technical indicators warn about market indecision. The RSI sits at 47.02, delivering bearish-neutral momentum. The MACD, however, remains slightly positive, but faint histogram readings indicate that buyers have not yet taken control.

On-Chain Trends Point to Market Reset Signals

The KAS token is at a pivotal liquidity point, as on-chain indicators show that there is a cluster of liquidation orders at the $0.084 figure. Approximately 112,210 tokens are at risk of being liquidated should this support break, making it a key level to watch in the short term.

Despite liquidation threats, derivative data paints another perspective. The open interest-weighted funding rate remains steady in the positive territory at 0.0142%, showing that the buyers are willing to pay a premium to short traders just to keep their positions open. This indicates that market participants expect potential upside, even as the token hovers close to a key support floor.

This contrast—liquidation risk below and bullish funding rates above—paints a picture of a calculated market reset. Price action appears to be flushing out weak hands while positioning for a stronger rebound. These dynamics are typically those seen amid a healthy correction that leads to an upward rally.

To add more weight to this outlook, whale activity is increasing. The Spot Average Order Size chart provided by CryptoQuant indicates there has been a massive buy-the-dip activity by large holders since the middle of May. The purchases represent one of the longest whale buying sprees of KAS in recent months, a signal of newfound confidence in the coin in the long run.

Related: Bitcoin Slides Below $113K, Key Signals Hint at Next Move

Conclusion

Kaspa’s present market setup is a delicate balance of risk versus opportunity. Pressure near the $0.084 support zone speaks of vulnerability, while the broader signals would suggest that something larger is at stake. Liquidity clusters could account for some short-term volatility, while steady funding rates and ongoing whale accumulation illustrate some degree of confidence.

This rather cautious technical picture, when combined with the supportive on-chain narrative, paints a market that is changing—a place where the weak hands may get flushed out before the momentum takes hold. Whether through consolidation or an outright breakout, the current circumstances suggest that KAS is laying down groundwork for a bullish rally.

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