This Indicator Reveals Kaspa Bulls’ Next Price Target After the Previous ATH Becomes Support

The price of Kaspa (KAS) has been on a tear recently, breaking through its previous all-time high of $0.154. According to crypto analyst ꓘryptographiK, this former resistance level is now turning into support, which could propel KAS to new heights.

Former Peak Now Support

In a recent tweet, ꓘryptographiK noted that with KAS now trading above $0.154, the old all-time high is acting as a new floor for the asset. This is a bullish development, signaling strong momentum as buyers continue pushing the price upward.

This support level is evident based on the Fibonacci retracement levels from the recent high of $0.16. So far, KAS has held the 1.0 Fib line at $0.154 on retest.

Next Target Using Fib Levels

With the previous top now flipped into a support zone, ꓘryptographiK believes the 1.618 Fib extension provides a price target of $0.203 for KAS bulls.

This means Kaspa could see a rally of over 25% from current levels if bullish momentum accelerates. The analyst’s Fib analysis often provides reliable targets for capturing momentum trades during strong uptrends.

So while KAS is seeing a cooldown from its recent highs, its technical positioning remains distinctly bullish. With key support holding from former resistance, Kaspa seems poised to make a run toward $0.20 and potentially set new all-time highs if positive sentiment continues.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.