Kaspa [KAS] soars 13% – But THIS resistance zone signals caution!

Key Points

1. Kaspa (KAS) rose 13% in the past 24 hours but is now encountering a key resistance zone between $0.114 and $0.127.

2. This resistance zone has previously caused major price declines, including in February and May, when KAS dropped to yearly lows.

3. Despite the rally, indicators like Accumulation/Distribution (A/D) and Bull Bear Power (BBP) suggest growing selling pressure.

4. Spot traders have resumed buying KAS, with $1.48 million in long liquidations but only $47,000 in short liquidations, indicating renewed buying interest.

5. The market trend remains uncertain, as bears could re-enter and trigger a price pullback despite the current bullish momentum.