KAS Price Drops 1.13% While Consolidating Near $0.075, Recovery Possible?

Key Insights:

• Kaspa’s price drops 1.13%, stabilizing near the $0.0757 support level.
• Trading volume fell 31.01%, reflecting a drop in market activity.
• Upcoming Crescendo activation could boost Kaspa’s long-term growth potential.

Kaspa (KAS) dropped by 1.13% within the last 24 hours to trade at $0.075 as of press time.

The token is trying to rebound from the downward trend after falling prey to resistance at around $0.078.

This held its price growth. KAS price has virtually stabilized at the key $0.0757 support level, sparking questions about its price recovery.

KAS Price Market Dynamics and Current Trading Trends

The Kaspa (KAS) chart shows a couple of other price fluctuations over the past few days, with the cryptocurrency remaining within a tight range.

The KAS price action chart shows that the rate mostly moved inside the support channel between $0.0757 and $0.0765 during the past several hours.

This suggests that the Kaspa market participants are unsure about the asset’s short-term movement.

As of this writing, Kaspa’s market cap is $1.96 Billion. A few months ago, Kaspa held its position within the top 50 cryptocurrencies at 49 while its price dived.

Therefore, the price going down does not significantly affect the asset’s overall market presence and adoption.

KAS Price Consolidation Around Support Levels

Currently, the token is consolidating in a period after its price fell to $0.0757 while it dropped 1.13% in the previous 24 hours.

The period of stabilization is around $0.0757, which can be used as a support zone in the past few days.

Technical analysis revolves around support levels as they represent price levels in which most asset prices have found it difficult to break below.

Note that Kaspa’s case has a strong support level at $0.0757, so if it holds, the price is likely to rebound.

However, a dip in trading volume by 31.01% in the last 24 hours indicates that investor interest has dropped, at least in the short term.

On the bright side, at least in this chart, the price has stabilized around the support level.

this is happening while the volume is dropping, indicating that traders are waiting for further confirmation before making decisive moves.

This consolidation phase is further reinforced by the chart provided. Consolidation is characterized by a series of lower highs followed by higher lows which Kaspa has gone through.

The moving average convergence divergence (MACD) indicator indicates that Kaspa is in a bearish trend as the red histogram bars show.

A bearish MACD typically indicates that the selling pressure is higher than the buying interest in the market.

Despite this, the smaller size of the red bars lately implies that the selling momentum is declining, which could be a sign that Kaspa is close to the end of its bearish period.

Given the major indicators of the current price action, it is safe to say that the price is at a very critical stage.

Failure to hold out above the support at $0.0757 can only further drop to much lower levels.

But if buying pressure arrives again, the price may bounce back up and push beyond the consolidation range.

Impact of Upcoming Developments: Crescendo Activation

An important factor that could affect KAS price is the above-mentioned upcoming Crescendo activation on May 5, 2025.

A DAA score of 110165000 is not expected to arrive anytime soon, but since it is such a milestone, it should signal the network’s activation of the dark node.

Kaspa tweeted that the current DAA score has been recorded at 106803010. And the network is about 38.91 days before this major activation event.

Kaspa Mainnet Crescendo activation date: In keeping with our steadfast commitment to the timeline, we are set to release RK v1.0.0 on the coming Monday, March 31. The Crescendo activation, hardcoded at DAA score 110165000, is projected to occur at approximately 15:00 UTC on May… https://t.co/ywI04Gijbf

— Michael Sutton (@MichaelSuttonIL) March 27, 2025

In the short term, technical market trends and price action are the main drivers. However, the possibility of the long-term value of Kaspa being increased when Crescendo gets activated.

The release of RK v1.0.0 and enabling the new mainnet features can add some functionality, scalability, and utility to the network.

Such advancements could attract more developers, investors, and users to the platform. Helping to create a larger demand for the token and expand its price over the medium to long term.

The countdown towards activation may increase the hype in the community in the short term.

This hype may be short-lived, to lift the price action temporarily as the traders. And investors start to position themselves for the upcoming impact.

Although the impact of Crescendo activation should be seen closer to the activation date. It would rely on how it may affect the price.

This will depend on the market sentiment around that time.