Kaspa is finally giving traders something to get excited about. After spending months moving lower inside a falling wedge, Kaspa has broken out, successfully retested the breakout zone, and pushed back above several important technical levels.
At the same time, the project has reclaimed a $1 billion market cap, trading volume has exploded higher, and nearly all of its maximum supply is already in circulation. Crypto analyst DeFi Oracle recently called KAS one of the cleanest charts in the market right now, pointing to a falling wedge breakout that has been developing since April.
The KAS price has broken out of a months-long downtrend
DeFi Oracle’s chart focuses on a falling wedge pattern that had been controlling the KAS price since April. Those patterns often appear near the end of downtrends, and in Kaspa’s case, buyers have finally managed to push through the upper trendline.
One of the cleanest charts in the books rn is places the token around $0.04354. That forecast puts the KAS price above its current $0.037–$0.038 range. If buyers can break through the key $0.04 resistance, KAS could have another 15%–17% of upside from here in the coming weeks.
Source:: Kaspa Price Analysis: KAS Breaks the Pattern That Held It Down for Months