Crypto analyst MollyProduction shared on X (formerly Twitter) that Kaspa’s (KAS) price is in its accumulation phase, with a potential dip to $0.10 before the anticipated bull run takes off.
Kaspa (KAS) is currently positioned at a make or break point, with its price around the $0.11 mark, showing signs of a potential upward move.
With a significant market cap of $2.8 billion and a trading volume of $50 million, Kaspa is attracting attention for its growth potential as it approaches key price levels.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +What you'll learn 👉
Kaspa Chart Analysis: Key Support Level at $0.10
The chart indicates that $0.10 serves as a crucial support level, with MollyProduction suggesting this zone as a launchpad for a potential rally. The analyst highlights that if Kaspa dips to this level, it could ignite a bullish trend, as many investors may see it as an attractive entry point.
From here, the next move could lead to a rapid increase in Kaspa’s price, potentially reaching the $0.125 to $0.14 range swiftly, signaling a period of strong buying momentum.
In line with the analysis, the $0.10 level could be a foundation for future price action, making it a closely watched area for traders. The projected path suggests that, if maintained, this support level could serve as a springboard for further gains in the coming weeks.
Target Ranges and High-Volume Zone
Following the $0.125-$0.14 target, KAS is expected to encounter resistance around the $0.17 level, labeled as a “High-Volume Zone” on the chart. This region represents an area where large-scale buying or selling activity may occur, potentially causing the price to stall as it faces buying or selling walls from larger market participants.
As highlighted by MollyProduction, such zones often create temporary resistance or support, allowing traders to assess market conditions before making moves. This stage may lead to consolidation before a decisive breakout occurs.
Path to a New All-Time High (ATH)
Kaspa’s current ATH stands at $0.207, and both the chart and tweet suggest the potential for a new ATH during the “Public Participation Phase.” This phase typically brings increased retail investor activity, which may lead to higher trading volumes and, consequently, a rally.
MollyProduction points to this phase as the moment when KAS could see a move beyond its previous peak, suggesting that investor interest will likely intensify.
If Kaspa successfully breaks through the high-volume resistance at $0.17, the path could open toward $0.18, $0.193, and eventually beyond the ATH. This upward trajectory would signal a strong bull run, supported by consistent trading volume and market interest.
Read Also: Bitcoin Price Dips Below $69k – Why is the Crypto Market Down Today?
Momentum Backed by Market Fundamentals
Kaspa’s $2.8 billion market cap and its $50 million daily trading volume provide a solid foundation for continued growth. These metrics demonstrate strong liquidity, which can support larger price movements without risking volatility spikes.
As the market awaits the next move, KAS shows promise as a potential top performer in the crypto space, especially if it can maintain its momentum through the accumulation and breakout phases.
With robust trading interest and a projected bullish path, Kaspa’s price potential rally toward a new ATH could make it one to watch closely in the coming months.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
