Kaspa’s Move Mirrors Q1 2023; Analyst Predicts When KAS Will Reach $0.35

Kaspa (KAS), an innovative proof-of-work blockchain focused on scalability, security, and accessibility, looks poised for additional upside after bouncing off recent swing lows.

With the technical posture improving, analysts eye a march back towards $0.35 resistance, with even higher levels possible later in its established 4-month boom-bust cycles.

Similarities To 2023 Breakout Structure Emerge

Veteran analyst Max – CEO of crypto investment firm BecauseBitcoin, compares KAS’s recent price action to historical moves signaling major bull runs. The similarities have Max expecting comparable upside continuations to unfold.

“This move is very similar to the Q1 2023 move & I would expect the 2.618 to get tagged within the next 60 days,” Max explains, citing the technical Fibonacci extension level around $0.35 as his first target – implying nearly 2x returns from current levels.

Previous analogous formations saw Kaspa abruptly spike several hundred percent, so precedence exists for exponential vertical moves.

Combining Cycle Analysis With Momentum Bands

Fellow trader Miko Genno provides additional color on historically reliable cyclical patterns governing Kaspa price behavior. By blending momentum indicators with chronological cycles, a strategic trading framework emerges.

“Understanding the Kaspa 4 and 8 month cycles, paired with the power law bands, is like a free money hack. I am personally going to be using this strategy to sell local tops and buy local bottoms, with the goal of increasing my $Kas holdings,” Genno says, enforcing the repeatable boom/bust sequences. Per the cycles theory, around $0.30 marks the next likely local top expected in April, presenting tactical traders upside from recent swing lows.

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Fundamentals Support Higher Valuations

While technicals clearly strengthen the upside argument, Kaspa possesses fundamental differentiation that positions it as a dark horse blockchain capable of capturing greater mindshare among developers and users compared to more speculative altcoin gambles.

With innovations across scalability, security, and tool accessibility, Kaspa challenges smart contract leaders on tangible merits—beyond hype. This strengthens conviction in lasting breakouts beyond fleeting retail fervor.

Kaspa has surged 1400% year-to-date and is also up by 62% in the last 30 days. However, KAS is dowb by 2.4% in the last 24 hours.

So ultimately, analysts spot mounting evidence across both on-chain and price data, suggesting Kaspa warrants attention as an explosively asymmetric opportunity before wider recognition catches on. Upside price projections clearly fall within reach.

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

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