Kaspa (KAS) has been showing promising signs of recovery after a period of downtrend, with technical indicators suggesting a potential rally might be on the horizon. However, according to an analyst called Dark Horseman on X, one final confirmation signal is needed before traders can confidently expect significant upward movement.
KAS has impressively maintained its position above the crucial $0.05 support level. This shows resilience that has caught the attention of market analysts. Dark Horseman noted that Kaspa has “definitely proved it’s worthy of the hype” particularly due to how well it defended this key support zone during recent market fluctuations.
The technical picture shows mixed signals that lean bullish. The daily Stochastic RSI indicates overbought conditions, which might suggest a temporary pullback, but the weekly Stochastic RSI is displaying bullish momentum and appears primed for recovery. This divergence between timeframes often precedes significant price movements.
Another positive development is that KAS price broke above the 50-day Exponential Moving Average (EMA), which has been acting as dynamic resistance throughout the previous downtrend. According to technical analysis standards, crossing above this indicator is considered a strong signal of a potential trend shift.
KAS Price: The Final Hurdle Before Potential Breakout
Despite these encouraging signs, Kaspa still faces one critical challenge before confirming its bullish trajectory. Dark Horseman emphasizes that “the final confirmation now would be a clean break above the $0.08 resistance.” This price level represents immediate resistance that has capped previous recovery attempts.
A detailed technical breakdown reveals several key zones that traders should monitor:
- The current support at approximately $0.053, which has successfully held multiple tests
- The immediate resistance at around $0.0802, aligned with recent local highs
- A critical resistance at $0.1099, which corresponds with previous significant highs and the Volume Profile Point of Control (VP-POC)
- A further resistance target near $0.179, a price close to the peak from late 2024 price structure
Read Also: How High Does Kaspa (KAS) Need to Go to Turn $10-15K Investment Into $1 Million?
If Kaspa successfully breaks through the $0.08 barrier, it could “really open the door for further upside,” as Dark Horseman suggests. This would create the first higher high since mid-February, a classic sign of trend reversal in technical analysis.
As Dark Horseman concludes, “All in all, Kaspa is starting to look bullish again,” but prudent traders will likely wait for that final confirmation before making key moves.
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