The price of Kaspa has broken out of a critical resistance zone at around the $0.1 to $0.11 level, and this could set the stage for bigger gains.
In an update from TheTradingSnip3r YouTube channel, the analyst explains why he believes Kaspa (KAS) is still one of the best long-term holds in crypto, and why a $2 price target is not out of reach in this cycle.
What you'll learn 👉
Kaspa Price Outlook and Market Setup
In the video, the analyst shares that Kaspa recently peaked around $0.13 but pulled back slightly below $0.11. Despite this dip, the tone remains strongly bullish. He points out that the price seems to be consolidating between $0.11 and $0.13, which is not a sign of weakness but more likely a healthy setup for the next leg up. He also highlights that $0.11 used to be a strong resistance level, and now that price is holding above it, it’s turning into support.
According to his technical analysis, this consolidation may continue for the next two to three weeks before a major move upward. He notes that the monthly chart now shows solid structure, and the breakout above the previous resistance gives confirmation that Kaspa is gaining momentum.
Why KAS Price Could Reach $2
The analyst from TheTradingSnip3r makes a compelling case for why the KAS price could jump to $2 in this cycle. He explains that Kaspa is no longer just a speculative token. It has real-world technical strengths that make it stand out.
One major update is Kaspa’s block speed upgrade, from 1 block per second to 10. The project’s goal is to eventually scale that to 100 or even 250 blocks per second. This makes Kaspa the fastest cryptocurrency in terms of block processing right now, something that could attract more attention as altcoin season approaches.
He compares Kaspa to Bitcoin, noting that even though Bitcoin still dominates institutional portfolios, Kaspa is technically more advanced in many ways. However, because Bitcoin has deep roots with traditional finance, he doesn’t expect institutions to shift away quickly. That said, he believes individual investors still have the chance to get in early on what could become a major player.
Right now, the KAS price is hovering around $0.12, with a market cap of roughly $3.1 billion and daily trading volume near $115 million. Importantly, the coin is not yet listed on Binance or Coinbase, which means there is still major upside potential. The speaker suggests that once Kaspa gets listed on bigger exchanges, the volume and exposure could grow significantly. He expects the market cap to rise to somewhere between $45 billion and $50 billion if KAS reaches the $2 target.
A Long-Term Bet Backed by Strong Fundamentals
The video also emphasizes that Kaspa isn’t just built on hype. TheTradingSnip3r points out that Kaspa’s development team has already hit some important goals, including its Crescendo roadmap. Instead of pushing out shallow updates just to stay in the news, the team focuses on real progress and meaningful upgrades. This kind of strategy appeals to long-term holders looking for a solid project rather than short-term pumps.
He also describes Kaspa as a “safe hold” compared to other altcoins. Even as the market experienced some sell-offs, Kaspa only dipped slightly, showing resilience. With Bitcoin dominance currently rising, he cautions that altcoins might experience brief periods of weakness, but he still sees Kaspa as a strong play overall.
Read Also: Key Metric Flashes a Rare Sell Signal for Litecoin (LTC) Price – Is a Crash Coming?
According to his projections, if Kaspa reaches $2, that would represent an 18x move from its current price. He believes this is not only possible but likely as the market heats up and altcoins begin to gain more attention again.
In short, the TheTradingSnip3r channel is bullish on Kaspa. From faster block speeds to strong fundamentals and upcoming potential exchange listings, he sees KAS price positioned well for a powerful rally in this cycle.
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