Analyst Highlights Why $0.50 Could Be Just the Beginning for Kaspa (KAS) This Bull Run
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Jesse Ai, a cryptocurrency analyst, has shared insights into the potential of Kaspa during the upcoming bull run, asserting that a price of $0.50 is just the beginning for the digital asset.
According to Ai, Kaspa has been forming a broadening wedge pattern over the past year. He highlights a strong support level at $0.10, which he attributes to “gamma support” associated with the introduction of Binance Futures.
This concept is likened to Bitcoin’s support level of $35,000, which was established following the launch of Coinbase Futures.
Read Also: Ripple (XRP) Price to Have an “Easy Path” to $8 Once This Resistance Breaks
Strategic Positioning for Bull Run
Ai explains that these “gamma support” levels are carefully managed by investment bankers to safeguard their initial investments in Bitcoin ETFs and Marathon Digital’s Kaspa hardware.
He predicts that with the implementation of the 10BPS upgrade and a potential pause in quantitative tightening by the Federal Open Market Committee (FOMC), Kaspa is primed for significant price growth. Ai envisions the bull run starting at $0.50, with the cryptocurrency targeting a position among the top 15 largest market capitalizations.
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“Kaspa (KAS) Price Level Poised to Ignite a 39% Rally”
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Kaspa’s (KAS) recent price movements have drawn significant attention as it approaches a crucial resistance level. Analyst Fibonaccious highlights a year-long consolidation phase, suggesting the potential for a breakout that could lead to a period of strong upward momentum.
In his tweet, Fibonaccious identifies $0.18 as a key level, referring to it as a “launchpad” for significant growth. Currently, KAS is trading around $0.1507, showing signs of recovery after testing a critical support zone.
For over a year, the token has remained within a consolidation range of $0.10 to $0.18. This prolonged phase suggests sustained accumulation, with institutional investors and long-term holders positioning themselves for potential future gains.
Trading volume data further supports this outlook. Recent activity, with a volume of 33.7 billion, indicates heightened interest, particularly during price movements near support and resistance levels. Historically, such volume trends have been associated with accumulation phases and subsequent price rallies.
Key Support and Resistance Levels for Kaspa
The support range of $0.10–$0.095 has consistently demonstrated resilience, with the price rebounding strongly from this zone on multiple occasions. This range has established itself as a strong demand area, forming the foundation for the current price structure.
On the resistance side, $0.18 is identified as a critical level. A breakout above this point could lead to rapid price increases, with $0.20 serving as the next psychological barrier. Beyond $0.18, resistance levels become sparse, increasing the likelihood of sharp upward movement.
Accumulation Phase and Breakout Potential
The year-long sideways movement in KAS’s chart suggests an accumulation phase, often a precursor to significant price movements. Fibonaccious, in his tweet, underscores the market’s underestimation of KAS’s potential volatility, describing the current setup as a “launchpad.”
If KAS surpasses the $0.18 resistance, the breakout could trigger FOMO (Fear of Missing Out) among traders, leading to increased trading volume and accelerated price growth.
Read also: This Meme Coin Trader Updates His Shiba Inu (SHIB) Price Prediction
Outlook and Scenarios
Bullish projections”
Source: captainaltcoin.com
Kaspa (KAS) Price Poised for 500% Surge After Prolonged Accumulation Phase
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Kaspa’s price appears to be positioned for significant growth, based on historical price patterns of the token. According to Mikro on X, this potential surge could result in gains of up to 5x.
Mikro highlighted that Kaspa (KAS) might be nearing the conclusion of a prolonged accumulation phase, which has persisted for exactly one year. Historically, such extended accumulation periods often precede substantial price increases, typically around 500%.
Read Also: This Analyst Predicts SUI Price Will Surge to $5 Soon – Here’s Why
Mikro observed that similar accumulation phases in the past have led to remarkable price rallies, with one instance resulting in a 400% increase.
Current market conditions for the KAS price indicate stable price action, which suggests that strong investors are accumulating the asset while maintaining low volatility. This stability could pave the way for a breakout, potentially leading to a significant price surge, consistent with historical performance following extended accumulation periods.
Mikro also mentioned a psychological aspect of the market, referencing a “Wojak” meme in the accompanying chart. This suggests a potential shift in sentiment among retail investors, hinting at growing optimism or fear of missing out (FOMO) as the accumulation phase approaches its conclusion.
In summary, the analysis presents a bullish outlook for KAS, with expectations of significant gains as the market transitions from accumulation to expansion.
Kaspa Price Analysis: Expert Forecasts KAS Surge to $5.36, Reveals Timeline
Crypto analyst Jim has provided an in-depth technical analysis of Kaspa’s (KAS) price action through a macro ascending channel. His analysis suggests potential price targets ranging from $0.33 to $5.36 by March 2025, based on current chart patterns and market behavior.
In a tweet, Jim emphasized the importance of risk management while maintaining a bullish outlook for KAS.
Jim’s weekly chart analysis reveals that KAS is trading within a clearly defined ascending channel. The price action consistently interacts with key support and resistance levels, reinforcing the pattern’s validity. The lower boundary serves as a strong support at $0.12356, while the midline is positioned around $0.33.
#Kaspa‘s Macro Ascending Channel
Following this trend on $KAS, one could argue fair value for $KAS right now is roughly $0.50.
If $KAS can continue to follow the trend, and the longer it takes to get there, the higher the price.
By end of March, 2025, the channel on $KAS… pic.twitter.com/g8XLCtds1q
— Jim, S𐤊i ₿um
(@skibumtrading) November 18, 2024
The current KAS price of approximately $0.176 is below the channel’s midline, indicating potential for upward movement. Multiple interactions with these levels further validate the technical formation.
Market Projections Indicate Multiple Price Targets
Jim’s analysis suggests that the fair value of KAS under current market conditions is around $0.50. The ascending channel offers various price targets depending on the timeframe. In the near term, resistance is expected at $0.33, which aligns with the channel’s midline.
The upper boundary of the channel ranges from $1.31 in shorter timeframes to $5.36 for longer-term projections, extending into March 2025. These targets are based on the channel’s upward slope, where delayed price movements could result in higher price levels.
Why Investing in Kaspa, Tron, and Cardano Today Could Transform Your Portfolio!
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Investing in cryptocurrencies such as Kaspa, Tron, and Cardano could potentially enhance a portfolio’s performance. Recent data from ChangeNOW indicates that transaction volumes for these digital assets have been increasing. ChangeNOW is a platform that allows users to exchange cryptocurrencies without the need for registration. It is favored by experienced investors and large holders who prioritize the security of their funds. The rising activity suggests that investors are accumulating these coins, which may signal future growth potential.
Kaspa’s Bullish Momentum Suggests Potential for Further Growth
Kaspa (KAS) has been gaining momentum, with its price fluctuating between $0.13 and $0.16. Over the past month, the price has surged by nearly 29%. The nearest resistance level is at $0.18, and if this is surpassed, the next target could be $0.21. The Relative Strength Index (RSI) is currently at 77, indicating strong buying pressure. The 10-day simple moving average (SMA) is $0.16, which is above the 100-day SMA of $0.14, suggesting upward momentum. With additional bullish indicators such as a positive MACD and a high Stochastic value, Kaspa appears to have room for further growth. For those interested, platforms like ChangeNOW offer access to Kaspa without registration or hidden fees.
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TRON’s Bullish Run Continues as Price Nears Key Resistance Levels
TRON (TRX) has experienced notable gains recently, with its price increasing by nearly 24% in the past week and over 28% in the past month. The current price is hovering between $0.17 and $0.22, approaching the nearest resistance level at $0.23. If this level is breached, the next target could be $0.27, representing a potential increase of more than 30% from current levels. Technical indicators such as the RSI nearing 60 and a positive MACD signal suggest continued bullish momentum. Additionally, the moving averages are trending upwards, with the 10-day SMA above the 100-day SMA. This setup may be appealing to those considering purchasing TRON, which is available on ChangeNOW without the need for registration or hidden fees.
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Cardano Gains Momentum with 115% Monthly Increase, Targets New Highs
Cardano (ADA) is currently in a strong upward trend, with its price increasing by 115% this month and 28% this week, now trading between $0.54 and $0.84. The next resistance level is at $0.98, and surpassing this could lead to the second resistance at $1.28. The 10-day SMA is above the 100-day SMA, indicating positive momentum. Technical indicators such as the RSI nearing 60 and a positive MACD level suggest continued strength. If the price reaches the first resistance, it would represent a significant increase from current levels. Given these positive technical indicators, Cardano has attracted attention. This cryptocurrency can be traded on ChangeNOW without registration or hidden fees.
Conclusion
Kaspa offers exciting potential with its rapid transaction speeds and innovative technology. Tron presents opportunities in decentralized applications and digital content creation. Cardano stands out with its secure and efficient transactions, utilizing a proof-of-stake approach. For those interested in trading these cryptocurrencies, ChangeNOW provides a convenient platform. It allows users to exchange, buy, or sell these coins without hidden fees or the need for registration, enhancing security by not storing user funds. Supporting over 900 cryptocurrencies, with no limits on transaction volumes, and offering the option to purchase crypto using a bank card, ChangeNOW provides flexibility and convenience for all users.
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Source: captainaltcoin.com
Kaspa Price Soars as Analyst Declares KAS ‘In a League of Its Own’
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The Kaspa price surged by 11% today, now trading above $0.16. This marks the highest KAS price since September.
An analyst from 2xnmore shared a viral Kaspa chart today, which has caught the attention of many traders.
Kaspa Chart Indicates Strong Upward Momentum
Currently, KAS is trading at $0.168146. The price of Kaspa has been quite volatile recently, with significant fluctuations. Notably, it has broken out of the $0.10-$0.12 range where it had been trading for a while.
The overall trend appears promising – higher lows and higher highs are being observed, which is generally considered a bullish signal. Despite some dips, the price has consistently rebounded. There is strong support around the $0.10-$0.12 range, with the price bouncing off these levels multiple times.
The MACD, a widely used technical indicator, is showing bullish signals as it moves above the signal line. The RSI is also trending upwards, though it is approaching overbought levels, which could indicate a period of consolidation is near.
2xnmore highlighted that KAS often “operates in its own league and pumps when it feels like,” implying that it doesn’t necessarily follow broader market trends. While there is some resistance around the $0.20-$0.25 range, where the price was previously rejected, KAS seems to be making another attempt to reach these levels.
Read also: How Much Will 65,000 KAS Tokens Be Worth by 2025? Kaspa Price Prediction
The chart suggests that further upside is possible, but the key will be whether KAS can break through the $0.20 mark. If it fails to do so, we could see a pullback to test support at $0.15 or even lower. As always with cryptocurrency, price movements can be”
Source: captainaltcoin.com