Key highlights:

  • The KAS price has climbed 9.41% and remains above the 100-day SMA at $0.02878
  • A break above $0.04 could open the path toward $0.05, $0.06, and potentially $0.10
  • CoinCodex's 1-month KAS forecast targets $0.04096, above the current price of $0.03534

Kaspa has picked up as institutional activity around digital assets continues to expand. Rodolfo Fanti pointed to Standard Chartered’s full acquisition of Zodia Custody, describing the development as a step toward greater institutional exposure to Kaspa.

Bitcoin Magazine also reported that Standard Chartered became the first Global Systemically Important Bank to launch institutional Bitcoin trading in the UAE.

These developments do not guarantee higher demand for Kaspa, but they add an important institutional angle to the KAS price outlook. With the token also showing strong technical performance, traders now have a clear level to watch.

The KAS price jumps 9.41%

The KAS price is trading at $0.03534, up 9.41% on the daily candle. The price traded between $0.03165 and $0.03591, forming a wide green candle with a long lower wick. That wick tells you buyers stepped in near the lows at $0.03165 and pushed it back toward the session high. So there's demand underneath.

Volume also supports the move, reaching 313.43 million KAS. The combination of rising price and elevated volume gives the latest breakout more weight than a move occurring on weak trading activity. The biggest technical development is the move above the 100-day SMA at $0.02878. The KAS price is now trading well above this level, keeping the broader trend bullish.

Daily KAS chart analysis

The next major test for the KAS price is $0.04000. This is the first resistance level above the current market price and could determine whether the rally continues. A confirmed break above $0.04 would put $0.05 in focus. From there, the next resistance levels are $0.06, $0.07, $0.08, $0.09, and eventually $0.10.

That means the move from $0.03534 to $0.10 would represent substantial upside, but KAS would need to clear each resistance zone along the way. The $0.10 level is also the highest resistance marked on the supplied chart, making it an important target for traders tracking a larger bullish continuation.

RSI shows KAS may need a breather

There is one issue bulls cannot ignore. The daily RSI is 75.64, placing KAS firmly above the 70 overbought threshold. With the KAS price up 9.41% and RSI at 75.64, the market has become stretched in the short term. 

That creates room for consolidation or a retracement before another attempt at higher prices. The first support to watch is $0.03000. Below that, the 100-day SMA at $0.02878 becomes the key level. If KAS pulls back into the $0.03000–$0.02878 area and buyers defend it, the broader bullish structure would remain intact.

Can the KAS price reach $0.10?

The technicals indicate the KAS price could eventually hit $0.10, but first it needs to crack $0.04. A clean break above $0.04000 could open the path to $0.05 and $0.06, then $0.07, $0.08, $0.09, and eventually $0.10.

For now, the key levels are simple: $0.04 for bullish confirmation, and $0.03000 to $0.02878 for support. Those are the numbers to watch. The RSI at 75.64 also means traders may want to avoid chasing the current move and instead watch how KAS reacts around these levels.

CoinCodex's 1-month KAS price prediction places the token around $0.04096. That target is above the current KAS price near $0.03534 and would imply a move toward the key $0.04000 resistance, a level traders are watching as Kaspa maintains its bullish technical structure.