Kaspa (KAS) is back in the spotlight this week after a strong 15% pump, pushing the price to just under the $0.09 mark. As of Sunday, the bullish momentum is stirring fresh interest across the crypto community, especially after a key signal reappeared on the daily chart – one that previously preceded a 50% rally.
On X (formerly Twitter), crypto analyst GoonBoyCrypto shared a post stating:
“Last time a #Kaspa $KAS Bullish Buy signal printed on the daily, we pumped 50%. I’m expecting $0.12 inside the next month – I’ll pin this post and revisit it at the end of July to see where we are.”
Let’s break down the chart he shared and what it could mean for Kaspa price action going into late July and August.
Bullish Buy Signal Reappears on the Daily Kaspa Chart
The chart from GoonBoyCrypto shows Kaspa on the daily timeframe, with a confluence of indicators hinting at a possible bullish reversal. Here’s what stands out:
- Price Structure: After a steep drop in June, KAS has established a local bottom around the $0.07 range and is now forming higher lows. This may signal a shift in market structure from bearish to bullish.
- EMA Ribbons and Color Zones: The price is attempting to reclaim the 0.618 Fibonacci retracement level, which sits around $0.0845–$0.0855. This area often acts as a major decision point in crypto markets. A clean break and close above this level could lead to acceleration toward the next resistance zone at $0.09 and eventually $0.10.
- Area of Interest: Marked by a pink zone in the upper part of the chart (near $0.11–$0.12), this area previously acted as resistance in late May and early June. GoonBoyCrypto suggests this is the next logical target if momentum continues.
- Green Box Signal: This small green box at the lower end of the June consolidation zone represents what the trader considers a “Buy Zone” or support retest. Last time a similar setup appeared – back in early May – Kaspa rallied over 50% to reach local highs.
Last time a #Kaspa $Kas
— GoonBoyCrypto 𐤊 👽 (@GoonBoyCrypto) July 13, 2025
Bullish Buy signal printed on the daily we pumped 50%
I’m expecting $0.12 inside the next month – I’ll pin this post and revisit it at the end of July to see where we are pic.twitter.com/D6NWr7Nd64
Can Kaspa Hit $0.12 in July?
According to the chart, the 0.5 Fib level (around $0.0875) is the immediate resistance to flip. If KAS can establish support above that level, the next key Fibonacci target is the 0.382 level, sitting near $0.094. That aligns closely with the June highs and would be the final hurdle before retesting the major area of interest around $0.12.
While volume is currently muted across the broader altcoin market, Kaspa’s relative strength and the return of this bullish signal are encouraging signs. If history repeats itself, traders might see a similar move as the one in early May – especially if broader market conditions remain stable or bullish.
GoonBoyCrypto’s forecast of $0.12 by the end of July is not without basis. The chart shows clear bullish structure forming again, and the reappearance of the same buy signal that preceded the May pump adds fuel to the speculation.
However, it’s worth noting that Kaspa has strong intraday volatility. A breakout above $0.09 would add credibility to this bullish thesis, but traders should watch for confirmation with strong volume and candle closes above that zone.
Read also: Kaspa Holders Show Mixed Behavior, But This New Crypto Presale Draws Millions
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