Kaspa (KAS) is capturing traders' attention again following a volatile June. The current focus is on the $0.09 resistance level**, which could trigger a **short squeeze** worth over **$30 million if breached. With strong community sentiment and technical indicators hinting at a breakout, KAS is at a critical juncture.
Key Price Levels and Liquidation Risks
$0.09: The Short Squeeze Trigger
- A breakout above $0.09** may force **$30M+ in short positions to liquidate, fueling upward momentum.
- The liquidation heatmap reveals dense short positions between $0.078–$0.09, with KAS currently trading near $0.0769.
- Leveraged shorts (25x–50x) are vulnerable to rapid buy-backs if price enters this zone.
Support Zones
- Primary support: $0.062–$0.066 (tested on June 20–21).
- Immediate resistance: $0.078–$0.080 – a breakout here could accelerate momentum toward $0.09.
Market Sentiment and Holder Resilience
Despite a 30% price drop in June, Kaspa’s community sentiment remained above 85%, spiking to 90%+ as prices stabilized. This divergence suggests:
👉 Strong long-term conviction among holders.
👉 Optimism for a rebound despite short-term volatility.
FAQs: Kaspa (KAS) Price Dynamics
1. What happens if KAS hits $0.09?
A short squeeze could unfold, forcing $30M+ in shorts to close and propelling prices higher.
2. Where is Kaspa’s critical support?
The $0.062–$0.066 zone has historically acted as strong support.
3. Why is sentiment still high despite price drops?
The community views dips as buying opportunities, reflecting confidence in Kaspa’s fundamentals.
Strategic Takeaways
- Watch $0.078–$0.080: A breakout here may signal upward traction.
- Beware of fakeouts: A drop below $0.074 could stall bullish momentum.
Kaspa’s next moves hinge on technical thresholds and market sentiment, making it a token to watch closely.
👉 Track Kaspa’s real-time price action for live updates.