Kaspa Price Action Mirrors Past Bullish Cycles: Expert Predicts Imminent 10-20X KAS Surge – Here’s His Outlook

Kaspa (KAS) is poised for a massive price surge, according to top cryptocurrency analyst ParabolicPump. He highlights that the current chart patterns for KAS mirror those observed before previous uptrends, suggesting a substantial bullish movement is imminent.

Analyzing the Weekly Chart Patterns

ParabolicPump emphasizes the importance of examining KAS’s weekly chart to identify bullish signals. Historically, KAS found its bottom when the Relative Strength Index (RSI) was between 50-58. Following this, the cryptocurrency consistently experienced upward momentum.

Every notable uptrend for KAS also involved a breakout from a diagonal line, confirming the bullish movement. Furthermore, each uptrend was accompanied by a bullish engulfing candle on the weekly timeframe, occurring either just before or after the diagonal line breakout.

Current Bullish Setup

Currently, KAS displays the same bullish setup. The RSI is at the most oversold levels ever seen on the weekly chart, indicating a potential for price movement. According to the analyst, many investors may miss out on this opportunity and FOMO into KAS at higher prices. He asserts that the bottom likely settled at $0.10, making it an ideal time for accumulation now.

ParabolicPump has previously identified KAS bottoms and remains confident in his current prediction. He suggests that KAS could see a 10-20x price increase, and potentially even more, from its current levels. The prolonged sideways movement in recent months further supports the likelihood of an upcoming rally.

Additionally, breaking above the white diagonal trendline would provide further confirmation that the bottom is in place. This breakout would likely lead to substantial rewards for KAS holders in the coming months.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Read also: Kaspa (KAS) And These 3 Altcoins Have Kept Traders ‘Hopeful’ While the Crypto Market is Down

Market Sentiment and Expert Opinions

Despite some investors expressing doubts due to KAS’s recent stagnation, ParabolicPump urges them to remain patient. He stresses that the perfect bullish setup is in place, and selling now would be a costly mistake. The only prudent strategies at this point are to buy or hold KAS.

As previously reported by Captain Altcoin, another cryptocurrency analyst, Chris from Crypto Chrys YouTube channel, believes that KAS has the potential to reach a $100 billion market capitalization. This would place it among the most valuable cryptocurrencies, further validating ParabolicPump’s bullish outlook.

Hence, the current chart patterns for KAS strongly resemble those seen before previous uptrends. Historical bullish signals and expert predictions align, advising KAS holders to prepare for a potentially lucrative period. Time is running out to accumulate KAS at these low levels, and the next parabolic pump appears to be just around the corner.

Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
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.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo