KAS Technical Analysis Jan 23

In KAS, as RSI approaches the oversold region at the 34 level, bear momentum is strengthening with the MACD negative histogram; short-term recovery signal is weak.

Trend Status and Momentum Analysis

KAS is currently trading at the 0.04 dollar level and limiting its daily range in a narrow band between 0.04 – 0.04 dollars with a 1.70% decline over the last 24 hours. Volume is moving at low levels of 12.12 million dollars, confirming the weakness in momentum. The overall trend direction is downward, and the Supertrend indicator is giving a bear signal, under pressure from the 0.05 dollar resistance. The bearish alignment of RSI and MACD in the momentum oscillators confluence stands out; positioned below EMA20, short-term trend strength is measured in the negative direction. In multi-timeframe (MTF) analysis, a total of 12 strong levels were detected across 1D, 3D, and 1W timeframes: 2 supports/2 resistances in 1D, 3 supports/4 resistances in 3D, and 3 supports/3 resistances distribution in 1W. This confluence demonstrates the solidity of the current downtrend, while the lack of volume may limit sudden breakouts. Bitcoin’s downward movement in the broader market is accelerating momentum erosion in altcoins like KAS.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 34.14, below the neutral zone and approaching the oversold threshold of 30. No regular bearish divergence is observed on the daily chart; as price makes new lows, RSI confirms similar low levels, supporting the downtrend’s momentum. On the weekly timeframe, there is no trace of hidden bullish divergence; instead, RSI dropping below 40 signals continued selling pressure. This situation indicates that momentum has not yet reversed and increases the risk of a potential ‘dead cat bounce’. For RSI to bounce toward the 50 level, volume increase is essential, but the current 34 level does not signal a trend reversal despite short-term oversold conditions.

Overbought/Oversold Regions

RSI at 34 is entering the oversold region, but within a downtrend, this level often acts as a ‘trap’. Historically, KAS has experienced rebounds from RSI levels below 30, but under current low volume and EMA pressure, sustained recovery looks weak. No overbought above 70, with selling momentum dominant. In momentum confluence, RSI’s alignment with Stochastic is also bearish; overall oscillators reinforce the sell signal.

MACD Signals and Histogram Dynamics

MACD is in bearish territory, with the signal line below the MACD line and the histogram expanding with negative bars. The histogram’s depth is increasing, indicating accelerating bear momentum; bars expanding below the zero line confirm strengthening selling pressure. The latest crossover was downward with no divergence; histogram aligns with price decline. Although the histogram shows a shrinking tendency on the 4-hour chart, negative momentum dominates on the daily. This volume-confirmed structure blocks limited tests toward the 0.0418 resistance. For MACD to approach the zero line, a bullish crossover is required, but current dynamics give a short-term sell signal.

EMA Systems and Trend Strength

Short-Term EMAs

KAS price is trading below EMA20 (0.04 dollars), rendering short-term trend strength bearish. The EMA ribbon is contracting and fanning downward; the distance between EMA9 and EMA20 is widening, measuring momentum erosion. Price touching and rejecting EMA20 increases sell confluence. Short-term ribbon dynamics indicate weak trend strength and potential bottom tests.

Medium/Long-Term EMA Supports

Medium-term EMA50 and EMA200 levels are forming resistance around 0.045 and 0.05 respectively; remaining below price confirms the downtrend. In the ribbon, long-term EMAs are sloping downward and providing no support. In trend strength measurement, a break below EMA200 would activate bearish targets, but MTF supports may cap it at 0.0391 (high score 82/100). EMA dynamics interpret overall momentum negatively.

Bitcoin Correlation

Bitcoin is in a downtrend at the 88,955 dollar level with a 0.53% decline; Supertrend bearish and main supports at 88,268 – 86,737 – 84,681 dollars. BTC resistances at 89,419 – 91,131 – 94,276 dollars. As a highly correlated altcoin with BTC, KAS is directly affected by Bitcoin’s downward movement; if BTC drops below 88k, KAS’s 0.0391 support may be tested. Rising BTC dominance crushes altcoin momentum, so monitor BTC breakout above 89k for KAS Spot Analysis and KAS Futures Analysis. Current BTC bearishness is limiting KAS momentum.

Momentum Outcome and Expectations

In momentum oscillators confluence, RSI’s 34 oversold approach combined with MACD negative histogram expansion, EMA ribbon bearish fan, and low volume confirmation keep the downtrend dominant. Short-term bullish target 0.0528 low score (30), bearish 0.0194 a near threat. Main support 0.0391 (82 score), resistance 0.0418 (71 score); MTF 12-level confluence breakout will be decisive. Without volume increase, reversal is weak, BTC downtrend pressures altcoins. Momentum synthesis is sell-directed; risk of drop below 0.0374 is high, but oversold RSI may trigger bottom hunters. Market is volatile, follow levels closely.