Kaspa (KAS) is drawing interest as analysts see a strong chance of a new all-time high.
The cryptocurrency is approaching a critical support zone, with a major network upgrade on the way that could boost momentum. At the same time, speculation about potential listings on top exchanges is adding to investor optimism.
What you'll learn 👉
Kaspa Price Eyes Strong Upside
Crypto analyst CryptOG (@realhus2) believes Kaspa’s price movement is setting up for a strong upside. He notes that KAS is approaching a major support zone around $0.05, where a large number of buy orders are waiting.
Many traders, according to him, might remain on the sidelines as they expect a quick price rebound, preventing their orders from being filled. This situation could create a supply squeeze, pushing the price higher.
$KAS new ATH? Very possible, how? 👇
— CryptOG (@realhus2) March 1, 2025
> #kaspa dropping to massive support zone around 5 cents, where lots of buy orders waiting to grab cheap #KAS.
Many will stay aside cuz price will rise quickly and their orders won’t get filled.
> Crescendo hard fork around the corner which…
Furthermore, he speculates that major exchanges, including Binance and Coinbase, could be preparing to list Kaspa following its upcoming network upgrade. If this materializes, the added liquidity and exposure could boost the asset’s price.
Kaspa’s upcoming Crescendo hard fork is another factor contributing to bullish expectations. The upgrade is set to improve network efficiency by increasing block processing speeds to 10 blocks per second (BPS). This enhancement could make the network more scalable and attractive to users and developers.
With the hard fork nearing implementation, market participants are closely watching for its impact. Historically, major upgrades have driven strong price reactions in the crypto market, and traders anticipate a similar trend for KAS. CryptOG suggests that a successful Crescendo rollout could be the final trigger for a major rally.
Read also: How Bitcoin Price Has Performed in March Over the Years: A Full Breakdown
KAS Technical Setup Points to a Breakout
CryptoBull_360 (@CryptoBull_360) has identified a descending channel formation on the KAS price chart. The price has been moving within parallel downward-sloping trendlines, with multiple touchpoints acting as support and resistance. Currently, Kaspa is testing the upper boundary of this channel, indicating a potential breakout.
If Kaspa pushes past that tough $0.084-$0.085 barrier, traders could see prices jump about 30%, potentially reaching $0.11. What’s encouraging is the solid buying that’s been happening around the recent bottom of $0.072-$0.073, suggesting there’s decent support for an upward move.
#KAS is gearing up for a strong breakout from the descending channel formation. A decisive flip and consolidation above the resistance zone could potentially trigger a 30% move from the identified level. Keep an eye on this setup! 👀$KAS #KASUSDT pic.twitter.com/5YuNTpJKmp
— CryptoBull_360 (@CryptoBull_360) March 1, 2025
Investors seem to be accumulating at these lower levels, which is typically a good sign for a potential reversal. Watching for a daily close above resistance, along with increased trading volume, will confirm bullish momentum.
Despite a 20.67% weekly decline, Kaspa has shown resilience with a 3.49% gain in the last 24 hours, according to CoinGecko data. The crypto market is watching Kaspa closely, as experts say it needs to push through that stubborn resistance level to shake off its recent slump.
With the Crescendo upgrade coming soon and rumors of new exchange listings, many traders still feel bullish about KAS amid the dip lately. If it manages to break through, a strong upward run that might push Kaspa to record highs in this market cycle could start.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
