🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Kaspa (KAS) Price Prediction for the Week
Kaspa price action has been quiet compared to the rest of the market. While many altcoins are making strong moves, KAS is still stuck between $0.08 and $0.09
Right now it’s trading near $0.0885, almost the same as last week. A few short rallies have popped up, but nothing strong enough to change the trend.
What the KAS Chart Is Showing
Looking at the 4H chart, Kaspa price keeps running into resistance around $0.089 to $0.09, and there’s solid support near $0.072 to $0.074. Every time the price tries to break above $0.09, sellers push it back down.
This has created a sideways range that’s been in place since mid-August. The bounce from the September 5 low of $0.0727 is nice to see, but it hasn’t sparked a real reversal
Until KAS price closes firmly above $0.09, the chart is still pointing to consolidation instead of a breakout.
Image Source: Coinank Market Indicators
The RSI is sitting around 59, which is neutral. That tells us buyers and sellers are pretty balanced. It’s a bit stronger than the early September lows, but not enough to show strong bullish momentum.
Read Also: Could Hedera Still See a Big Rally? Analyst Reveals 3 Bold Price Scenarios for HBAR
Open interest is flat near $484 million, meaning there isn’t much new money coming into KAS futures. Without more open interest, it’s hard for the price to make a big move.
The net long vs. net short data shows something similar. Net shorts are around $315 million, while net longs are near $288 million. Shorts have a slight edge, which suggests some larger traders are ready to sell into any rally instead of betting on a breakout.
KAS Price Short-Term Outlook for the Week
With these signals in mind, Kaspa will probably stay in the $0.08 to $0.09 range for now. A daily close above $0.09 would be the first step toward a push to $0.10 or even $0.11.
If that doesn’t happen and $0.08 support fails, the KAS price could slide back to around $0.072, which was the low earlier this month.
For now, Kaspa’s slow action stands out while other coins are rallying. Unless trading volume and open interest pick up soon, KAS is likely to keep moving sideways a little longer, leaving bulls waiting for a stronger move.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Kaspa (KAS) Price Prediction for the Week appeared first on CaptainAltcoin.