The crypto market is up more than 0.55% today, and Kaspa has joined the recovery, with the KAS price up 0.25% at $0.02572. Trading volume has also jumped almost 100%, giving the move more weight than a low-volume bounce.
Yet the bigger question is whether this is the reversal Kaspa bulls have been waiting for. Analyst More Crypto Online says the KAS price is showing a small upside reaction from the February low, but the move is still too weak to confirm a larger bounce.
A five-wave advance would provide that confirmation and could open the door to a much bigger recovery. For now, the chart is giving bulls a reason to watch closely, but not enough to declare victory.
What you'll learn 👉
Kaspa Price Is Showing the First Signs of a Possible Reversal
We had a look at the chart, and the KAS price is trading near the lower portion of a large descending structure that has dominated the market for months.
The chart marks a reaction from the February low, with price attempting to move higher from the $0.024–$0.026 region. However, the analyst notes that the reaction remains too small to confirm the start of a larger upside wave.
The key confirmation would be a five-wave move higher. In Elliott Wave terms, that could confirm the start of wave (c) toward the upside, giving the Kaspa price a path out of the current declining structure. Before we go any further: this bounce could just be a pit stop, not the start of something bigger. We’ll know for sure when we see what happens next.
If we look at the KAS chart, the first real wall is at $0.0299. That’s the 50% Fibonacci line. If buyers push past that, they start building something solid. From there, the next ceilings to watch are $0.04009 and then $0.04544, those are the 61.8% and 78.6% levels.
But don’t forget the other side. If this recovery stalls and sellers take over again, the chart points to a possible drop all the way down to $0.01892.
So right now, we’re looking at a big spread: one door opens at $0.0299, the other at $0.0189. Which one swings open is up to the market.
Why Traders Are Watching Kaspa Price
People aren’t just watching Kaspa (KAS) because of its price today. It runs on proof-of-work but uses a blockDAG structure to process blocks faster and confirm transactions quickly, without losing PoW security.
⚡ Why are people watching $KAS?
— ItsFrank (@FrankLambeek) August 16, 2026
Kaspa is a proof-of-work Layer 1 using a blockDAG architecture for high block rates and fast confirmations while maintaining PoW security.
The ecosystem focuses on scalable payments, emerging smart contract capabilities, and fair-launch…
No premine, no VC deals, everyone came in on equal ground. And with more programmability being added, Kaspa feels different from other newer Layer 1 networks.
The Toccata hard fork went live on June 30, 2026. It brought in covenants, KRC-20 tokens, and zero-knowledge proof verification, opening the door for DeFi and apps. But the real question is whether developers will actually show up and build on it. That’s what comes next.
What Could Affect the KAS Price Next?
Kaspa’s supply profile is another bullish factor. About 27.62 billion KAS are already in circulation against a maximum supply of 28.7 billion, meaning roughly 96% of all KAS has been mined. A scheduled block reward reduction on August 5 also lowered new issuance, reducing the amount of fresh KAS entering the market.
Sentiment is also bullish despite an 87% decline from the all-time high, with 90.5% of CoinMarketCap voters bullish.
The risk is that this optimism remains disconnected from price action, especially with the CFTC scheduled to discuss crypto regulation on August 20.
Related Kaspa News: Kaspa (KAS) Might Be Presenting the Easiest “Buy” Opportunity in the Market Today
Where Could the KAS Price Go Next?
Bullish path:
A confirmed five-wave advance followed by a break above $0.0299 could open the way toward $0.0401–$0.0454. That would be the clearest confirmation that the February-low reaction has developed into a larger recovery.
Base path:
The KAS price could first test $0.0299 but fail to clear it, leaving the price trapped between roughly $0.024 and $0.030. This would keep the reversal thesis alive but unconfirmed.
Bearish path:
If the Kaspa price loses the February-low support zone and the current reaction fails, the chart points toward $0.0189. That level becomes the major downside target in the bearish Elliott Wave scenario.
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