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

By: crypto mode|2025/05/02 23:15:01
0
Share
copy
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. 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. READ ALSO Hyperliquid Surges Has Bulls Targeting $24: Can HYPE Sustain the Rally? Virtuals Protocol (VIRTUAL) Nets Another 80% This Week: Is This the AI Agent Supercycle? Disclaimer This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

-- Price

--

You may also like

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

Cape Verde's run ended in a 3-2 defeat to Argentina, but their journey — three unbeaten draws, one heroic goalkeeper, and a fight that pushed the defending champions to the brink — is the kind of story markets recognize too: small caps can rattle blue chips long before anyone expects it.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com