Kaspa Rallies 40% Ahead of August 31 Smart Contract Debut

• KAS has surged nearly 40% this week and over 10% in the past 24 hours alone.
• The surge follows the announcement of its August 31st smart contract launch via Casplex L2.
• The token is testing the upper boundary of a long-term wedge, with strong momentum.

Kaspa’s native token, KAS, has surged by 14.6% in the past 24 hours to trade at $0.1153, marking its highest price level since May 2025. This explosive rally, which has seen the altcoin gain nearly 40% over the past week, comes just ahead of a major development for the project.

Smart contracts will go live on August 31

On July 22nd, the Kaspa team confirmed that smart contract functionality will go live on the network via Casplex Layer 2 (L2) on August 31st. 

For the first time, developers will be able to build decentralized applications (dApps) on the Kaspa network, opening doors to DeFi, NFTs, and a broader range of on-chain innovation. 

Related: Kaspa (KAS) Hits New All-Time High, Can It Climb Higher? Indicators Weigh In

The Proof-of-Work blockchain is now stepping into the same arena as Ethereum, Solana, and Avalanche, but with its own unique edge: scalability via the GHOSTDAG protocol and miner-friendly PoW consensus. The market’s response to the announcement was immediate, with KAS bursting through the psychological $0.10 barrier after months of trading below it.

KAS Price Analysis: Wedge Breakout Incoming?

On the daily chart, KAS is currently testing the upper resistance of a large symmetrical wedge pattern that has been developing since late 2023.

The price is pressing against the wedge’s upper boundary, currently around $0.115–$0.117. A clean breakout and daily close above this resistance would signal a potential trend continuation, with initial targets near $0.13, and secondary targets around the $0.16–$0.17 zone based on the wedge’s height.

Related: Kaspa (KAS) Price Prediction 2025-2030: Will KAS Price Hit $1 Soon?

Meanwhile, the RSI is currently at 79.56,  deep in overbought territory. While this often signals a cooldown ahead, in strong uptrends, RSI can stay elevated for extended periods. The CMF has surged to +0.17, indicating strong buy-side pressure and significant capital inflow into KAS.