Kaspa (KAS) Price Could Surge If $30M Shorts Get Squeezed – This Chart Pattern Hints What’s Coming

Kaspa price might be setting up for one of its biggest moves yet. According to Kaspa Daily, more than $30 million worth of short positions could get liquidated if the price reaches around $0.064, a key level that could flip market sentiment fast.

Right now, Kaspa is hovering just below that critical zone, and traders are watching closely. The latest liquidation data shows a heavy buildup of short positions above the current price. 

If bulls push KAS price even slightly higher, it could trigger a short squeeze, forcing traders betting against Kaspa to buy back in, which often fuels sharp rallies.

This setup isn’t new in crypto. We’ve seen similar moves on Bitcoin and Solana before. When the shorts pile up too high, one breakout candle is all it takes to flip everything upside down. That’s exactly the kind of move traders are anticipating here.

What the KAS Chart Is Showing

The chart pattern also adds fuel to the bullish case. As Kaspa Daily noted, the structure forming on the daily chart looks like a Wyckoff accumulation phase, a classic pattern that often appears before a major uptrend.

In simple terms, it’s a period where the market moves sideways after a long decline. During this phase, smart money gradually absorbs supply from weak hands. Once most of the selling pressure dries up, the market hits a “spring”, a fake breakdown that traps late sellers before reversing higher.

If that spring has already happened, the Kaspa price could be ready for what’s known as the markup phase, the moment where the price starts trending up fast and liquidity shifts toward the buyers.

Image Source: X/KaspaDaily

Why Traders Are Getting Bullish

Kaspa’s structure looks increasingly clean, and the timing might be perfect. With shorts overloaded and a clear support zone forming, even a moderate bounce could set off a domino effect of liquidations.

That’s why the $0.064 level matters so much. It’s not just a resistance line, it’s a pressure point. If price breaks it, all those short positions could unwind in seconds, creating the kind of move that catches traders off guard.

Read Also: Here’s What Could Really Impact TRON (TRX) Price in the Coming Months

KAS Price Short-Term Outlook

The short-term setup for KAS looks promising, but patience is key. The market might consolidate a bit more before that breakout push. If the Wyckoff pattern continues to play out, the next leg could easily target the $0.07–$0.08 range.

As Kaspa Daily summed it up perfectly, “the market doesn’t reward impatience, but it does reward conviction.” With sentiment shifting and technicals lining up, Kaspa’s chart looks like one worth watching closely over the next few days.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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