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Market analysts have recently drawn attention to Kaspa’s (KAS) price movements, with many suggesting the potential for bullish momentum. While KAS has experienced a slight pullback, experts remain optimistic about a possible breakout in the near future.
These analysts cite both technical indicators and fundamental developments as key drivers for Kaspa’s next move. Updates to the project’s roadmap and ongoing network testing could also provide the necessary momentum to fuel further gains.
Technical Indicators Highlight Kaspa’s Strength
Several experts have pointed to Kaspa’s bullish chart setup. Notably, GoonBoyCrypto observed that KAS is maintaining support above the 0.5 Fibonacci retracement level near $0.13, which has historically served as a strong support zone.
He highlighted that the price has consistently rebounded from this level, reinforcing positive sentiment. Additionally, the formation of higher lows indicates sustained upward momentum. Traders are closely watching $0.16 and $0.20 as potential price targets if this support level holds.
$KAS Weekly Chart Insight 💹📈📊
– Bullish Support: $KAS is bouncing off the 0.5 Fibonacci level, around $0.13, showing strong buying interest.
– Technical Significance: This midpoint often acts as a balance point, with historical data supporting its reliability.
– Trend… pic.twitter.com/avoqUJQqcc
— GoonBoyCrypto 𐤊 👽 (@GoonBoyCrypto) January 25, 2025
Similarly, King Crypto highlighted additional technical factors supporting a potential rally. He noted that moving averages are nearing a bullish crossover, which could propel KAS above its immediate resistance levels.
Having accurately predicted a 30% price surge earlier this month, King Crypto now anticipates a move toward the $0.18 range if the current consolidation phase resolves to the upside.
Fundamental Developments Strengthen Kaspa Sentiment
In addition to technical indicators, Kaspa’s ongoing network upgrades are bolstering investor confidence.
The development team has recently updated its roadmap and is actively testing TN 11 with 10 BPS capabilities. These improvements aim to enhance transaction speed and scalability, positioning KAS as a more competitive player in the blockchain space.
Dark Horseman highlighted these updates as a potential catalyst for price growth, suggesting they could help Kaspa stand out from its competitors. He also noted that Kaspa has shown resilience in the market, recovering from $0.11 to $0.16 within just a few days.
The past few days have been promising for $KAS, with a solid recovery from $0.11 to $0.16 in just a few days.
While the price is currently undergoing a correction, a strong move seems to be”
Source: captainaltcoin.com