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Crypto analyst Donny has provided an in-depth market analysis for Kaspa (KAS) and Ethereum (ETH), emphasizing their potential to excel during a bullish market cycle.
Backed by chart analysis, Donny’s insights suggest that liquidity could flow from Ethereum (ETH) to Layer 1 tokens like Kaspa (KAS), potentially fueling significant growth. The analysis sheds light on the dynamics of alt-season, a period where smaller-cap assets often outperform larger market leaders.
KAS Chart Indicates Potential Breakout
The price chart for KAS reveals a consolidation phase after a sharp recovery from earlier lows. According to Donny’s assessment, the asset recently rebounded from a critical support level near $0.12 following a liquidity grab, a pattern often associated with institutional accumulation.
Resistance levels between $0.22 and $0.23, referred to as the “Full Send Line,” are expected to test bullish momentum. Meanwhile, intermediate support at $0.16 serves as a critical level for price stabilization.
Donny predicts that breaking through this resistance could lead to a parabolic rally for KAS. This aligns with his projection of 12-15x returns from current levels, as mentioned in his tweet.
ETH Chart Suggests Continued Bullish Momentum
Ethereum’s price chart shows a strong upward trajectory, with the asset breaking a key resistance level around $3,200. A period of re-accumulation indicates sustained buying interest, positioning ETH for further growth.
Donny’s analysis highlights the $4,400-$4,500 range as the next significant resistance before a potential move toward new highs around $5″
Source: captainaltcoin.com