The valuation of Kaspa saw a record peak of $0.192 this past Wednesday. Subsequently, the price experienced a dip, settling at $0.179, likely due to investors cashing in on their gains. Despite this minor setback, Kaspa’s value has been on an upward trajectory since the beginning of the day, although it now encounters significant resistance in surpassing its previous peak.
Nonetheless, market experts maintain a bullish stance on Kaspa’s future pricing, forecasting substantial increases in the months ahead. An analyst known as bysiyakat on X has even charted a course for Kaspa to hit $5, with the expectation that the majority of the movement propelling this surge will transpire between July 2024 and 2025. His projections indicate that the progression from $2 to $5 will be logarithmic, signifying major percentage gains.
Bysiyakat underscores the significance of recognizing cyclical patterns in the crypto market, proposing that such insights can lead to considerable wealth generation.
On the KAS weekly chart, bysiyakat has pinpointed a pattern where the intervals between the blue lines are narrowing, hinting at a potential acceleration in price growth. The two orange vertical lines mark the period from July 2024 to July 2025, which he believes will be pivotal for KAS’s price trajectory.
Running Flat Pattern Signals Bullish Breakout for KAS
Cryptographur, another esteemed analyst, has detected a Running Flat Pattern on the KAS chart that has persisted for seven months. He views this as one of the most optimistic patterns seen for the cryptocurrency. The pattern’s shallow and prolonged correction phase, followed by an expected upward breakout, suggests a forthcoming price surge.
Source: captainaltcoin.com