Analysts have highlighted Kaspa’s (KAS) price action lately, with most signaling potential bullish momentum for the asset. Although KAS has slightly pullbacked, the analysts are optimistic about a possible breakout.
The analysts point to technical indicators and fundamental developments as key catalysts for the next move. The latest roadmap updates and ongoing network testing could also provide the momentum needed for further gains.
What you'll learn 👉
Technical Indicators Signal Kaspa’s Strength
Several analysts have highlighted Kaspa’s bullish setup on the charts. GoonBoyCrypto noted that KAS is holding above the 0.5 Fibonacci retracement level near $0.13, a historically strong support zone.
He emphasized that the price has consistently rebounded from this point, reinforcing bullish sentiment. Additionally, the formation of higher lows suggests sustained upward momentum. Traders are eyeing $0.16 and $0.20 as potential targets if the support remains intact.
$KAS Weekly Chart Insight 💹📈📊
— GoonBoyCrypto 𐤊 👽 (@GoonBoyCrypto) January 25, 2025
– Bullish Support: $KAS is bouncing off the 0.5 Fibonacci level, around $0.13, showing strong buying interest.
– Technical Significance:
This midpoint often acts as a balance point, with historical data supporting its reliability.
– Trend… pic.twitter.com/avoqUJQqcc
King Crypto also pointed out key technical factors favoring a rally. According to his analysis, the moving averages are on the verge of a bullish crossover, which could push KAS beyond immediate resistance levels.
After correctly predicting a 30% pump earlier this month, he now expects a move towards the $0.18 range if the consolidation phase resolves to the upside.
Kaspa Fundamental Developments Boost Sentiment
Beyond technical factors, Kaspa’s ongoing network improvements are strengthening investor confidence.
The team has recently updated its roadmap and is actively testing TN 11 with 10 BPS capabilities. These enhancements aim to improve transaction speed and scalability, making KAS more competitive in the blockchain space.
Dark Horseman highlighted these updates as a potential catalyst for price appreciation, suggesting they could differentiate Kaspa from its rivals. Moreover, he noted that Kaspa has been resilient in the market lately recovering from $0.11 to $0.16 in just a few days.
The past few days have been promising for $KAS, with a solid recovery from $0.11 to $0.16 in just a few days.
— Dark Horseman (@Dark__Horseman) January 24, 2025
While the price is currently undergoing a correction, a strong move seems to be on the horizon for @KaspaCurrency.
This move comes in align with the $KAS Team updating… pic.twitter.com/I3qawp1baU
Current KAS Market Conditions
Despite the bullish outlook, Kaspa’s price has dipped in the past 24 hours.
According to CoinGecko, KAS trades at about $0.1296 at press time. This reflects a 2.86% decline on the day and an 8.11% drop over the past week. The daily trading volume stands at $47.7 million, indicating continued market interest.
Analysts advise monitoring key support levels and waiting for volume confirmations before making trading decisions. Kaspa’s price action remains in focus as market observers anticipate the next breakout. Technical signals and fundamental upgrades suggest a bullish move could be on the horizon
Read also: This Trader Makes a Shocking Onyxcoin (XCN) Price Prediction
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