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Kaspa (KAS) has been gaining attention as market analysts predict a potential surge to a new all-time high.
The cryptocurrency is currently nearing a crucial support level, with an upcoming network upgrade that could act as a catalyst for momentum. Additionally, speculation regarding potential listings on major exchanges is fueling investor optimism.
Kaspa Price Poised for Growth
Crypto analyst CryptOG (@realhus2) suggests that Kaspa’s price action is setting up for a significant upward move. He points out that KAS is approaching a key support level around $0.05, where a substantial number of buy orders are positioned.
According to him, many traders may hesitate to enter the market, anticipating a rapid price recovery that could leave their orders unfilled. This scenario could lead to a supply squeeze, driving the price higher.
$KAS new ATH? Very possible, how?
> #kaspa dropping to massive support zone around 5 cents, where lots of buy orders waiting to grab cheap #KAS.
Many will stay aside cuz price will rise quickly and their orders won’t get filled.
> Crescendo hard fork around the corner which…
— CryptOG (@realhus2) March 1, 2025
Additionally, he speculates that major exchanges such as Binance and Coinbase might be preparing to list Kaspa following its upcoming network upgrade. If this happens, the increased liquidity and visibility could positively impact the asset’s price.
The upcoming Crescendo hard fork is another factor driving bullish sentiment. This upgrade aims to enhance network efficiency by increasing block processing speeds to 10 blocks per second (BPS). Such improvements could make the network more scalable and appealing to both users and developers.
With the upgrade approaching, market participants are closely monitoring its potential impact. Historically, major network upgrades have triggered strong price movements in the crypto market, and traders anticipate a similar outcome for KAS. CryptOG suggests that a successful Crescendo implementation could be the key catalyst for a significant rally.
Read also: How Bitcoin Price Has Performed in March Over the Years: A Full Breakdown
KAS Chart Signals a Potential Breakout
CryptoBull_360 (@CryptoBull_360) has identified a descending channel pattern on the KAS price chart. The price has been moving within parallel downward-sloping trendlines, with multiple touchpoints acting as support and resistance. Currently, Kaspa is testing the upper boundary of this channel, signaling a possible breakout.
If Kaspa surpasses the key resistance range of $0.084-$0.085, analysts predict a potential 30% price”
Source: captainaltcoin.com