![Kaspa Breaks Down After a Massive Rally; Analyst Urges Watching This Target if KAS Plunges](https://captainaltcoin.com/wp-content/uploads/2023/10/Copy-of-P2P-Review-27-8.png)
In late November, Kaspa reached an all-time high (ATH) of approximately $0.14. However, since that peak, Kaspa has been struggling to surpass this record. Despite various market fluctuations and investor interest, KAS has yet to break through that previous high, indicating a period of consolidation or resistance at this key price level.
However, Kaspa may be on the cusp of a bullish surge, according to analysis from on-chain analyst Petar Captainaltcoin.
In his latest tweet, Petar highlights improving technical momentum indicators that could precede a powerful move higher:
“Will $KAS hit new ATH in February? Despite a downtrend since Dec, technicals now signal a bullish surge! RSI bullish across all timeframes (50-55). We might see a brief dip to $0.09 (1.618 fib level) before rocketing to a new ATH of $0.15 in Feb!”
![](https://captainaltcoin.com/wp-content/uploads/2024/01/image-862-1024x542.png)
Specifically, with RSI recovering into a more optimistic 50–55 range across multiple time horizons, conditions appear ripe for an explosive Kaspa price surge. This likely requires a final washout dip towards Fibonacci support around $0.09 before catapulting back above its former all-time high around $0.15.
The constructive outlook aligns with perspectives from analyst Summer on the FireHustle YouTube channel. Her latest video discusses the chance for investors to capitalize on Kaspa’s substantial pullback from its December peak.
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Show more +Despite the brutal correction, Summer maintains conviction around Kaspa’s strong technical architecture and real-world adoption initiatives like payment integration and community ambassador cultivation. These tailwinds could reignite the powerful uptrend once fear and uncertainty subside.
So in essence, seasoned analysts remain steadfast around Kaspa’s recovery prospects after the necessary mean reversion cycles are complete. But a closing break back above its crucial 21-week EMA at $0.11 is necessary to begin repairing technical damage before Petar’s ambitious $0.15 target comes into focus.
Still, the confluence of oversold conditions and resilient platform growth seems likely to spark the next bull wave, pending confirmation of trend change.
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