KAS Weekly Technical: Short Bias Below $0.0331, Key Support $0.0270

KAS (KAS/USDT) remains in a downtrend after closing the week at roughly $0.03, down about 7% weekly. Key technicals: RSI ~38, MACD neutral, EMA20 acting as short-term resistance, and EMA50/200 death cross confirming bearish momentum. Critical levels identified: resistance cluster at $0.0331–$0.0355 and primary supports at $0.0293 and $0.0270 (multi-timeframe confluence). Volume is thin (weekly VP ~ $12.94M) with POC near $0.0293, indicating limited liquidity and distribution characteristics. Strategy recommendations: maintain short bias while price stays below $0.0331 and especially if $0.0270 breaks—target downside $0.0092 for aggressive continuation. Bull case requires weekly close above $0.0331, MACD crossover and RSI >50; upside objective noted at $0.0549. BTC correlation (~+0.85) is high; BTC holding above $70k would support KAS recovery, while BTC weakness under $65k likely accelerates KAS declines. Risk guidance: avoid excessive leverage, reduce spot exposure if $0.0270 fails, consider hedges against BTC, and wait for volume/RSI divergence signals for accumulation.
Bearish
The analysis signals a bearish outlook: multi-timeframe indicators (EMA death cross, RSI ~38, MACD neutral), thin volume/POC at lower levels and clear distribution-phase characteristics all favor downside continuation. The critical $0.0270 support is a multi-TF decision point — a breakdown there would likely trigger accelerated selling toward the $0.0092 projection. High correlation with Bitcoin (~+0.85) reinforces downside risk: similar episodes in alt seasons showed altcoins falling faster when BTC weakens. Short-term traders should expect limited liquidity, wider spreads and potential volatility on support tests; long-term holders need sustained bullish macro signals (BTC reclaiming key levels, weekly closes above $0.0331, volume spikes and RSI divergence) before reversing bias. Therefore, expect short-term and medium-term pressure until clear technical and volume-based reversal signals appear.