Kaspa Price Declines as Miners Face Profitability Pressure
- Price Decline Reasons: Kaspa (KAS) is down approximately 1.86% today, trading around $0.0346, despite Bitcoin and the overall market rising, indicating specific weakness in Kaspa due to profit-taking after a 7.21% weekly gain.
- Leverage Disappearance Impact: The market leverage for Kaspa has sharply declined, with open interest dropping from a peak of $230M to $41.2M, a roughly 75% decrease, suggesting that price movements will increasingly rely on actual spot demand, with limited upside potential due to lack of new inflows.
- Miner Profitability Decline: Miner revenue is around $0.2050 per TH/s/day, slightly below the 30-day average of $0.2076 and far from the peak of $0.55 seen in August, indicating tightening margins that could reduce network participation and negatively affect market sentiment over time.
- Future Outlook and Risks: Kaspa's price is consolidating between $0.0345 and $0.0348, with a breakout above $0.03476 potentially testing $0.0365, while a drop below $0.0345 could lead to $0.0328; the upcoming Toccata upgrade and market demand recovery will be key drivers for future price movements.
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Technical Analysis for KAS
Technical Sentiment Analysis for Kaspa (KAS). As of , Kaspa (KAS) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for KAS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, KAS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Kaspa (KAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0279 | 0.0299 | 0.0315 | 0.0336 | 0.0352 | 0.0372 | 0.0389 |
| Fibonacci | 0.0299 | 0.0313 | 0.0322 | 0.0336 | 0.035 | 0.0358 | 0.0372 |
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