Kaspa (KAS) price has just delivered an explosive breakout, gaining over 9% in a single day and pushing past the $0.10 psychological barrier. With bullish momentum building, traders are now eyeing the next key resistance at $0.12. But is this rally sustainable, or are we heading for a near-term correction?
This article takes a deep dive into the latest KAS price daily chart using Heikin Ashi candlesticks, Fibonacci levels, and RSI indicators to evaluate the potential upside and downside in the days ahead.
Kaspa Price Prediction: Why Is KAS Price Pumping Today?
The KAS/USD daily chart shows a clean bullish breakout from a multi-week accumulation phase. The Heikin Ashi candles flipped fully green, and today’s candle has a large body with no lower wick—indicating strong buying pressure and a decisive trend continuation.
KAS price surged from $0.096 to $0.105, a 9.47% daily gain, clearly breaking out of its range-bound behavior. This breakout coincides with the Fibonacci golden pocket zone ($0.089–$0.093), which previously acted as a springboard.
RSI Analysis: Is Kaspa Overbought?
The Relative Strength Index (RSI) has surged to 79.46, entering overbought territory. While this indicates strong bullish momentum, it also signals caution—RSI levels above 70 often precede short-term pullbacks or consolidations.
However, it’s worth noting that strong trends can see RSI stretch to 85–90 before correcting. During the April rally, KAS also saw extended RSI above 80, yet continued higher. So RSI alone shouldn’t be used to call a top here.
Fibonacci Levels Show Next Target at $0.114 and $0.12
Using the Fibonacci retracement tool from the previous swing high ($0.117) to the swing low ($0.065), we observe the following key levels:
- 0.618 Fib: $0.093 – Already broken
- 0.786 Fib: $0.105 – Tested today
- 1.0 Extension: $0.114 – Next resistance
- 1.272 Extension: $0.12 – Final barrier before blue-sky breakout
If Kaspa price maintains momentum and volume, $0.114 could be reached within the next few daily candles. A clean breakout above $0.12 would open the door for retesting the April high of $0.117 and possibly extend beyond that to new local highs.
Elliott Wave Impulse? A New Wave 3 Unfolding
Looking at the harmonic pattern and Fibonacci time zones plotted on the chart, it appears Kaspa price may have completed its Wave 2 correction and is entering a Wave 3 impulse leg—often the strongest in an Elliott Wave sequence.
Wave 1: $0.065 to $0.089 = $0.024 move
Wave 3 target (1.618 of Wave 1): $0.089 + (1.618 × 0.024) = $0.127
So, if KAS price is indeed entering a full Wave 3, a move towards $0.125–$0.13 is technically viable.
Kaspa Price Prediction: How High Can KAS Price Go This Week?
With strong breakout volume, a clean bullish structure, and favorable Fibonacci and Elliott projections, Kaspa price looks poised to test $0.114 and $0.12 in the near term. If bulls maintain control, an extension to $0.127 is possible.
However, traders should watch for any RSI divergence or signs of exhaustion near $0.12. A rejection here could trigger a pullback toward the $0.093–$0.096 support range, which now becomes a key demand zone.
Summary Price Targets:
- Immediate Resistance: $0.114
- Short-Term Target: $0.12
- Bullish Extension: $0.127
- Key Support: $0.093–$0.096
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Source: https://cryptoticker.io/en/kas-surges-10percent-in-a-day-more-gains-coming/