The Kaspa [KAS] The network’s Toccata hard fork completed successfully on Tuesday, June 30. This upgrade introduces smart contract functionality and adds support for KRC-20 tokens.
The price of the KAS token increased 20.38%from a low point of $0.0266 on Thursday, June 25 until $0.032 on the day of writing. This price increase was likely the result of speculators and traders positioning themselves for the hard fork.
However, the altcoin has disappeared 7.8% inside 10 hours of trading. What should KAS traders expect next?
Kaspa’s long-term price decline
On the Time frame of 1 dayKaspa’s structure was steadily bearish. The latest bearish leg was made earlier in 2026, from $0.0532 to $0.0249. Since February, KAS has lacked a decisive long-term trend and has managed to challenge the trend twice $0.04 supply zone.
This was rejected in March and May, and the market-wide sell-off of the past two months has brought KAS closer to the market. $0.025 swing low.
The MACD moved below the zero line to show bearish market momentum. Meanwhile, the The CMF was -0.17well below the -0.05 threshold that indicates significant capital outflows.
The price structure and technical characteristics agree on a bearish long-term outlook.
Traders’ Call to Action: Sell the news event confirms bearish sentiment
On the 1-hour timeframe, recent gains briefly tilted the MACD into bullish favor, and the CMF also signaled increased buying pressure over the past five days. The $0.03 Local resistance was briefly overcome as the hard fork got closer to going live.
In recent hours, the rapid sell-off confirmed that short-term gains were only being used as a selling opportunity.
The liquidation heatmap also noted a build-up of short liquidation levels just above the $0.03 resistance with round numbers. The price movement upwards neatly swept through this magnetic zone and has already begun to reverse.
There will be a price drop in the coming days and weeks $0.0249 and $0.020 was a possibility that swing traders and investors should be prepared for.
Final summary
- The recent price gains of Kaspa tokens were part of a sell-the-news event as the Tocatta Hardfork approached.
- The long-term price trend was bearish and a decline below the February 2026 swing low at $0.0249 seemed likely.