Categories: MarketsMenafn

Kaspa Surges Back Above $0.10 as Momentum Builds Toward Key Resistance

Kaspa (KAS) climbed over 8% in the last 24 hours, pushing through the $0.10 barrier and signaling renewed bullish momentum.

After weeks of consolidation, the price has now decisively flipped both the 21-day EMA ($0.0885) and 50-day SMA ($0.0781) into support, a textbook sign of trend continuation. With KAS currently trading at $0.1023, all eyes are on whether it can test and break through April’s local high around $0.11.

Source.

Kaspa’s daily chart paints a bullish picture. RSI is holding at 64.6, just below overbought territory, leaving room for continuation.

Read more: XRP Whales Accumulate Over 900M Tokens: Potential Breakout Incoming?

The Stochastic Oscillator has climbed above 78, reinforcing near-term buying interest. Meanwhile, the MACD histogram is trending upward, with a widening gap between the signal and MACD lines — a sign that bullish momentum is accelerating. The Supertrend indicator has remained in buy mode since late April, further validating the uptrend.

The recent dip to $0.088 has been confirmed as a higher low, forming a clean bullish structure with the previous swing low at $0.072. If buyers can reclaim $0.11, the next logical target is $0.127 — the midpoint between April highs and the long-term resistance at $0.15. The ascending 21 EMA now acts as dynamic support, cushioning minor pullbacks and providing a launchpad for further upside.

Kaspa’s fundamentals support technical strength

Kaspa’s bullish setup isn’t just about price action — its underlying architecture offers a compelling case for long-term viability.

Built on a blockDAG (Directed Acyclic Graph) structure rather than a traditional linear blockchain, Kaspa enables parallel block creation, significantly increasing transaction throughput without sacrificing security or decentralization. This solves one of the biggest limitations of legacy PoW chains like Bitcoin: scalability. Unlike rollups or sidechains, Kaspa achieves these speeds natively at the base layer.

If Kaspa reclaims $0.11 and flips it to support, it opens the door for a move to $0.127, and potentially toward the $0.15-$0.20 range seen in mid-2024. As Layer 1 competition heats up, Kaspa’s blend of scalability, decentralization, and technical purity may give it an edge that price charts alone can’t capture.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

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