Kaspa (KAS) is showing strong bullish signals, with technical patterns and market indicators pointing to a potential breakout. The asset has recorded gains lately, climbing in value and attracting interest from analysts.
According to expert Altcoin Doctor, multiple factors, including Kaspa’s price action, momentum indicators, and broader market trends, suggest further upside. The altcoin market is also flashing bullish signs, with liquidity flows and market cap movements supporting continued growth. As Bitcoin dominance weakens, analysts predict an impending altcoin season that could fuel Kaspa’s next leg up.
What you'll learn 👉
Kaspa’s Price Action and Bull Flag Formation
KAS is trading at about $0.1066 as of this writing. The token’s daily trading volume is over $59.55 million. Moreover, the price has climbed 4.21% in the last day and is up 11.47% over the past week, reflecting strong market momentum.
Altcoin Doctor highlights that Kaspa is forming a classic Bull Flag pattern—an impulsive upward move followed by consolidation before another breakout. This technical setup suggests that KAS could push higher, potentially targeting the $1.00 level.
The analyst explains that this structure typically leads to an extended rally once the consolidation phase ends. Additionally, Kaspa’s Momentum Index is showing an oversold reading for the first time since the project’s inception. This is viewed as a strong buying opportunity, reinforcing the case for further upside.
Moreover, the presence of a bullish divergence on the momentum chart further supports this outlook.
Broader market conditions also favor Kaspa’s continued rally. The Total 2 market cap chart, which tracks the value of all altcoins excluding Bitcoin, has been consolidating. The analyst notes that similar patterns in 2023 led to an altcoin season, and current signals indicate another breakout before the end of the month.
Additionally, the overall crypto market cap is consolidating but could increase soon, possibly hitting around $4.8 to $5.2 trillion This suggests that liquidity is poised to flow into the market, benefiting altcoins like Kaspa.
USDT and Bitcoin Dominance Indicating an Altcoin Surge
The USDT dominance chart is another key indicator analysts are watching. Historically, when USDT dominance declines, it signals that capital is flowing from stablecoins into altcoins, boosting prices.
Currently, the expert points out that USDT dominance is overbought and due for a reversal. This shift could trigger a fresh wave of buying across the altcoin market.
Meanwhile, Bitcoin dominance is forming a double-top pattern, a bearish signal that suggests BTC’s market share is about to decline. Previous cycles in 2017 and 2020–2021 saw similar patterns before altcoin rallies. If history repeats, this could mark the beginning of another strong altcoin season.
Kaspa remains in a strong bullish structure, with multiple signals pointing to further gains. The momentum index, market cap trends, USDT dominance, and Bitcoin dominance all align in favor of an altcoin breakout.
Altcoin Doctor expects Kaspa to benefit from this shift, with the $1.00 target remaining in sight. As liquidity returns to the altcoin sector, investors are preparing for what could be the next major move in the market.
Read also: Could SUI Price Hit $7 Soon Amid Market Dip? Expert Weigh In
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