Kaspa (KAS) is among the crypto market’s notable gainers today, as it climbed approximately 8% and briefly trading above $0.037. The rally comes as traders reassess a recent breakout from a descending price channel, with one analyst arguing that the recovery could eventually carry KAS toward $0.10.
Market data shows KAS trading around $0.037 at its daily high, with a roughly 8% gain over 24 hours and increased trading volume. The move has brought renewed attention to Kaspa’s technical setup after months of declining prices.
Crypto analyst DeFi Oracle believes the breakout remains intact and has identified $0.04, $0.055 and $0.10 as potential upside targets.
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Kaspa Price Breaks Out as Buyers Return
Kaspa’s latest rally follows a difficult period for the cryptocurrency, which spent several months trading inside a descending channel.
The daily chart shows KAS falling from approximately $0.04 in May to a low near $0.025 in August. During that period, a series of lower highs and lower lows defined the broader downtrend.
That structure began to change in September when KAS climbed above the channel’s upper boundary near $0.032.
The initial breakout carried the price toward $0.038–$0.039 before a pullback brought it back toward the former resistance line.
Rather than immediately falling back inside the channel, KAS rebounded from the $0.032 region. Today’s advance toward $0.037 provides further evidence that buyers are attempting to defend the breakout.
However, the cryptocurrency has not yet cleared its recent September high, leaving an important resistance level overhead.
DeFi Oracle Targets $0.04, $0.055 and Eventually $0.10
DeFi Oracle described the latest price action as a textbook breakout retest.
According to the analyst, Kaspa remains above its former descending resistance line, and the successful-looking retest supports the possibility of another upward move.
The first target is $0.04, which sits just above the recent September peak.
A sustained move beyond that level would establish a higher high on the daily chart and strengthen the recovery case.
DeFi Oracle identifies $0.055 as the next major objective. Beyond that resistance, the analyst believes KAS could eventually advance toward $0.10.
From $0.037, a move to $0.10 would represent a gain of approximately 170%.
The analyst also points to Kaspa’s expanding technical capabilities as part of the longer-term argument.
The Toccata upgrade, activated on June 30, introduced native Layer-1 covenants and additional programmability, enabling developers to build more complex transaction rules and applications.
DeFi Oracle argues that these capabilities could support applications such as decentralized exchanges, launchpads and escrow services.
Nevertheless, greater programmability does not guarantee widespread adoption or higher KAS prices. The $0.10 target remains a speculative projection rather than a confirmed destination.
Read also: $5,000 In Kaspa Today, Here’s What It Could Become by 2028
Kaspa Price Outlook: Can KAS Reclaim $0.04?
The immediate technical picture has improved, but Kaspa still faces several hurdles.
The first is the $0.038–$0.04 resistance region. Clearing it would strengthen the argument that the breakout is developing into a broader recovery.
If KAS establishes support above $0.04, DeFi Oracle’s next target at $0.055 would come into focus.
The $0.10 objective is considerably more ambitious and would require sustained buying pressure over a longer period.
On the downside, the former channel resistance near $0.032 is the key area to monitor. A sustained decline below it would weaken the breakout thesis and increase the possibility of another move toward $0.028 or the August lows near $0.025.
For now, Kaspa’s rebound from the breakout retest is an encouraging technical development, but a decisive move above $0.04 is still needed to confirm further upside.
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