Kaspa (KAS) surged to a seven-week high near $0.041 before trading around $0.037 at press time, marking roughly a 42% recovery from its year-to-date low. The token has confirmed a breakout from a multi-year falling wedge, a pattern that often precedes strong upward moves.
On the daily chart, Kaspa broke above the wedge’s upper trendline. The Supertrend flipped bullish as price cleared the key overhead resistance, and the Aroon indicator shows Aroon Up at about 92.86% with Aroon Down near 14.29%, signaling a robust new uptrend.
Immediate resistance sits at $0.038, the 23.6% Fibonacci retracement from the May high of $0.13 to the October low of $0.0090. A decisive, high-volume break above $0.038 could push KAS toward the next Fibonacci level at roughly $0.056 — about 51% above current levels.
Supporting the bullish case, CoinGlass data indicates nearly $1.8 million worth of Kaspa has recently left exchanges. Rising outflows often reflect investor accumulation into self-custody, which can reduce sell-side liquidity and amplify upside when demand increases.
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