Kaspa Hits Multi-Year Support, Poised for Potential Surge!

Kaspa’s Strong Rebound Signals a Potential Bullish Future

The cryptocurrency Kaspa (KAS) has recently demonstrated a robust bounce from a well-established long-term trendline, signaling potential for an upcoming rally. Here, we delve into what this might mean for investors and traders.

A Historical Bounce

Three days back, Kaspa hit a low of $0.064 before witnessing a strong recovery, pushing the price back up to $0.079. This bounce off a support level just above $0.06 aligns with historical price movements where every touch of this trendline has led to a quick recovery. This trendline has been a pivotal point since Kaspa’s inception, never allowing the price to drop significantly below this level.

Kaspa Hits Multi-Year Support, Poised for Potential Surge! — Kaspa’s price chart illustrating the trendline and recent bounce.

Technical Indicators Suggest Growth

Various technical indicators support the bullish outlook:

MACD: The Moving Average Convergence Divergence (MACD) has shown signs of turning positive after dipping below zero for months. A bullish crossover seems imminent, which historically has triggered upward movements in Kaspa’s price.
Bollinger Bands: Kaspa has rebounded from the lower Bollinger Band, now aiming for the middle band. A move towards the upper band could push the price near previous all-time highs.

Technical indicators for Kaspa as of June 2025.

Potential for a 150% Rally

Analyzing the weekly chart, experts suggest that if the current momentum holds, Kaspa could see its price surge to the $0.20 zone, a potential rise of about 150% from its current trading price. This projection is based on the historical significance of similar bounce backs from this trendline.

What Investors Should Watch

Volume: An increase in trading volume could confirm the strength of this rebound.
MACD Confirmation: Investors should look for the MACD to cross over bullishly as this could mark the start of a significant upward trend.

An Eye on the Future

While the current setup looks promising, it’s crucial for investors to monitor whether Kaspa can maintain its momentum above this critical support level. If buying pressure continues and these bullish signals are confirmed, Kaspa could be poised for considerable growth in the near term.

Also Read: This Solana On-Chain Metric Hits ATH as SOL Price Rebounds

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Source: captainaltcoin.com