Despite the crypto market's bearish grip, Kaspa (KAS) has emerged as a shining exception, showcasing a remarkable bullish trend. With a 10.16% surge in the last 24 hours and a 13.36% increase over the past month, KAS is bucking the trend. The MACD indicator signals a positive price sentiment, while the moving averages suggest a continued bullish trajectory for KAS.

Kaspa's resilience is evident in its price movements, which have fluctuated but generally trended upward over the past month. From lows of $0.09760 to highs of $0.18375, KAS has recorded an impressive 85.19% increase, reflecting strong investor confidence. After reaching a new yearly high, Kaspa experienced a correction of 34.60%, but the price has stabilized near the crucial support/resistance level of $0.11685, hinting at a potential pivot point for future price actions.

If Kaspa can maintain its price above the pivotal support level of $0.1168, the bulls may push the price towards the next resistance at $0.140, potentially propelling KAS towards a higher resistance of $0.162. However, if the overall crypto market trend reverses, leading to a price drop below the support level of $0.116, Kaspa may face downward pressure towards $0.09760, testing lower support thresholds and challenging the current bullish sentiment.