In recent days, Kaspa’s price has begun to show signs of recovery after a long period of decline. About four days ago, the price hit a local bottom, and since then, it has been on a steady upward trajectory. This raises the question: could this be the beginning of a rally that might push the price toward the $1 mark?
Recent analysis suggests that [Kaspa’s price](https://www.coingecko.com/en/coins/kaspa) had been in a downtrend for roughly 30 days, during which it dropped by around 20%. According to Crypto Hype, this moment is crucial, as it may indicate that the downward trend is nearing exhaustion. Bullish sentiment seems to be returning to the market, signaling a potential shift.
However, a key question remains: will the current price level establish a strong support zone, or could further declines be on the horizon?
**Read Also: [Why Are LUMIA and ARPA Crypto Prices Going Up?](https://captainaltcoin.com/why-are-lumia-and-arpa-crypto-prices-going-up/)**
### Kaspa Bulls Re-entering the Market
Market movements are inherently cyclical, and it is unlikely that the price will continue to fall indefinitely. [Pullbacks](https://altfins.com/knowledge-base/pullback-in-uptrend-downtrend/) often help define market direction, as seen in previous trading patterns. Recent technical analysis highlights the past two days as particularly significant, with signs that bulls may be re-entering the market.
To gain a clearer perspective, Crypto Hype recommends looking at shorter time frames, such as the 4-hour chart, to better understand trading volume dynamics. The analysis points to a key resistance level identified through an anchored volume profile, where trading activity has been concentrated.
For the price to continue its ascent, it must break through this resistance level, which is critical for sustaining any bullish momentum.
**Read Also: [SUI Chart Signals Price Bounce to $2.60, But There’s a Catch](https://captainaltcoin.com/sui-chart-signals-price-bounce-to-2-60-but-theres-a-catch/)**
### Potential Rise to $0.14
There is growing sentiment that Kaspa’s price could rise to around $0.14 in the coming days if the bullish trend continues. Traders are advised to keep a close eye on the market, as the potential for a breakout depends on surpassing the identified resistance level.
The analysis also notes a recent change in price structure. After hitting a low, Kaspa has not formed a new lower low but instead has created a higher low, suggesting a possible shift in market sentiment. This structural change could signal the end of the bearish trend and the start of a new upward trajectory.
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