A recent analysis by Kaspa community analyst S𐤊i ₿um Trading suggests that the price of KAS may be nearing its bottom, according to the Relative Volatility Index (RVI). The RVI is currently positioned in its historically supportive ‘buy’ zone, prompting optimism for a potential upswing. This indicator highlights three distinct ranges: a lower band near the 20-35 area indicating a potential bottoming point, a neutral band around 40-60, and an upper band near 70-80 which signals a possible topping zone. Notably, the RVI has historically marked price peaks before new highs in the past. This week’s chart shows the RVI sitting in the lower third of the historical range (roughly mid-30s), with a signal line just above it at 41. This positioning is reminiscent of previous instances where it preceded upside movements, and the current price action supports this trend. The Kaspa price has shown a stable base between roughly $0.07 and $0.08 after experiencing consolidation from its peak near $0.20. As for confirmation, reaching past the range ceiling around $0.10- $0.11 would be a clear indicator of a possible bottom, opening doors to potential price increases in the form of higher highs, followed by a retest of the all-time high at $0.20. The RVI’s prediction is supported by its ability to capture market cycles as well as by the overall behavior of the price action itself. However, it’s important to acknowledge that no indicator is infallible and external factors can often significantly influence price movements. Therefore, relying solely on technical analysis and instead combining it with other indicators like volume and broader market trends, may be crucial for a complete assessment.