Crypto analyst Jim has shared a detailed technical analysis of Kaspa’s (KAS) price movement through a macro ascending channel. The analysis predicts potential price targets ranging from $0.33 to $5.36 by March 2025, based on current chart patterns and market behavior.
In a tweet, Jim emphasized risk management while outlining his bullish outlook for KAS.
The weekly chart analysis by Jim shows KAS trading within a well-defined ascending channel. Price action maintains steady contact with key support and resistance zones, lending credibility to the pattern formation. The lower boundary acts as a reliable support at $0.12356, while the midline hovers near $0.33.
The current KAS price around $0.176 sits below the channel’s midline, suggesting room for upward movement. Multiple touches and rebounds from these levels strengthen the validity of this technical formation.
What you'll learn 👉
Market Projections Point to Multiple Price Targets
Jim’s analysis suggests a fair value of approximately $0.50 for KAS at present market conditions. The ascending channel projects varied price targets depending on time frames. Near-term resistance stands at $0.33, coinciding with the channel’s midline.
The upper boundary of the channel extends from $1.31 in shorter timeframes to $5.36 for longer-term projections reaching into March 2025. These targets account for the channel’s upward slope, where delayed moves could result in higher price levels.
Read also: Elite Analyst Predicts XRP Price Rally Is Far From Over: Prepare For ‘Madness’
Risk Management Takes Center Stage
The trading expert maintains a balanced approach, acknowledging market uncertainties. Jim plans to sell KAS as upside targets materialize, demonstrating a practical exit strategy. His analysis comes with clear risk warnings, advising traders against overexposure.
Market participants must consider various external factors that could influence price movement. The channel’s predictive power depends on continued market respect for these technical levels.
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