Top Kaspa Analysts Agree: KAS’s Next Move Will Be a ‘Big One’ Following Breakout—Here’s the Price Target

Prominent crypto analysts are expressing bullish sentiments for Kaspa (KAS), a decentralized and scalable blockchain platform. In a series of posts on X, experts weighed in on the coin’s recent price action and projected substantial upside in the coming weeks and months.

According to analyst Jim S𐤊i ₿um, who goes by @Cryptographur on X, KAS appears to be holding the crucial 20-week simple moving average (SMA). He views this as a positive signal, increasing his “confidence of continued upward momentum” in the near term.

Emphasizing the significance of the recent price consolidation, Jim stated:

“The next move could be a big one, considering how shallow and long this past accumulation phase was.”

He invited fellow analysts to share their price predictions for KAS’s upcoming leg up and potential cycle peak.

Breakout Targets Suggest Substantial Gains

Analyst Crypto_X100_Hunter (@Defaultplayer13) provided a detailed technical analysis of KAS’s weekly chart. They noted a recent breakout from a triangle pattern, with the coin currently trading around $0.133.

Short-Term Target: $0.24 – $0.28

For the immediate move, Crypto_X100_Hunter set a target range of $0.24 to $0.28, representing a potential upside of approximately 80% to 110% from the current price levels.

Long-Term Target: $1.00 – $3.60

Looking further ahead, the analyst outlined an ambitious yet “conservative” long-term target of $1.00 to $3.60 for KAS. This projection accounts for factors such as increased integration, hype, and potential fear of missing out (FOMO) among investors.

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Market Sentiment Fueling Optimism

The bullish outlooks from these seasoned analysts come amid a broader resurgence in market sentiment for cryptocurrencies. As mainstream adoption continues to grow and regulatory clarity emerges, many investors are seeking out promising projects with robust fundamentals and innovative technologies.

Kaspa’s scalable and decentralized blockchain architecture, coupled with its recent price action, appears to have captured the attention of the analyst community.

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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.