Kaspa Price: Navigating Uncertainty as Network Activity Soars

Kaspa (KAS) price is experiencing a slow recovery after recent volatility. Currently hovering around $0.050–$0.051, traders are observing whether the token can establish sustained gains or if another pullback looms. The network’s activity is a positive sign, as active nodes have surged to 443 from 300 just a few weeks ago. The team aims to reach 1,000 nodes by November 7th to further bolster decentralization. 20 million transactions processed daily show Kaspa’s potential for growth. Kasia messaging app is also gaining traction, leveraging Kaspa’s Layer-1 to deliver encrypted messages at a cost of $0.74 per 500,000 message send. This network performance is evident in the 158 million transactions processed daily, with speeds exceeding 5,700 TPS. 80% of that activity happens in a single day on Kaspa’s platform. Despite a 45% drop over the last 90 days and general market weakness, Kaspa stands strong as its fundamentals remain robust. Its price is currently caught between resistance at $0.052–$0.053 and support around $0.046. A break above resistance could unleash bullish momentum; however, losing the support zone would see prices fall to $0.044–$0.045. The current market remains neutral with the RSI hovering in the mid-30s to low-40s, offering room for price movements without extreme conditions. Open interest is currently around $240 million, indicating cautious trading, while the MACD flattens after a long decline, possibly signaling upcoming momentum shifts. Kaspa is entering the week with a promising outlook, especially considering its growing network activity and real-world applications. Whether the market embraces this potential remains to be seen as the price awaits confirmation. Subscribe for daily crypto updates and expert analysis on our YouTube channel.