Kaspa Eyes 50% Rally After Falling Wedge Breakout
Kaspa price shot up to a seven-week high of $0.041 on Thursday before settling at $0.037 at press time. It has now confirmed a breakout from a multi-year falling wedge pattern, which could spur more gains ahead. Summary…
Kaspa (KAS) recently rallied to a seven-week high near $0.041 before trading around $0.037, representing about a 42% recovery from its year-to-date low. The token has confirmed a breakout from a multi-year falling wedge, a chart pattern that often signals a potential trend reversal and stronger upward momentum.
On the daily chart KAS broke above the wedge’s upper trendline. The Supertrend indicator flipped to bullish as price cleared key overhead resistance, and the Aroon readings show Aroon Up near 92.86% with Aroon Down around 14.29%, pointing to a robust new uptrend.
Immediate resistance sits at $0.038, which corresponds to the 23.6% Fibonacci retracement of the move from the May high of $0.13 to the October low of $0.0090. A decisive, high-volume breakout above $0.038 could open a path toward the next Fibonacci target near $0.056 — roughly 51% above current levels.
Supporting the bullish case, CoinGlass shows nearly $1.8 million worth of Kaspa has recently left exchanges. Increasing outflows often indicate investor accumulation into self-custody, which can lower sell-side liquidity and amplify upside pressure if demand continues to rise.
Disclosure: This content is for educational purposes only and does not constitute investment advice.