KAS Price on the Move – Is This Kaspa's Most Bullish Setup in Months?

Popular crypto analyst that goes by the name 'CryptoBusy' tweeted an updated Kaspa chart to his 200k followers on X.

Popular crypto analyst that goes by the name ‘CryptoBusy’ shared an updated chart of Kaspa (KAS) with his 200k followers on X.

The analyst pointed out a "double bottom" pattern on the KAS chart.

What Happened: CryptoBusy's tweet suggests a potential trend reversal for Kaspa. The chart shows the double bottom pattern on the daily timeframe using Heikin Ashi candlesticks, which help smooth out price action and make trends easier to spot.

The double bottom pattern has formed with two clear price dips at nearly the same level - which is a sign that a downtrend might be ending.

What makes this more exciting is that KAS has also broke through a descending trendline that had been pushing prices down since November 2024. The chart shows a horizontal resistance zone at $0.078-$0.08 - this acts as the "neckline" of the double bottom.

KAS is currently trading just above this level, at around $0.07813, which might indicate the start of a breakout. Recent candles show strong green momentum after breaking the trendline, which is a good sign for bulls.

If traders are following this setup, they should look for more volume on green candles as price pushes higher from this neckline. Higher trading volume would make this signal more reliable.

Those watching KAS should keep an eye on these important price levels:

* The immediate support sits between $0.066-$0.068, which is the area between the two bottoms. A stronger support level exists at $0.05, which has been a solid base during recent price consolidation.

* For this bullish setup to be confirmed, KAS needs to stay above the $0.078-$0.08 neckline. If it drops back below, it might retest the previous resistance as support.

Related Link: How High Does Kaspa (KAS) Need To Go To Turn $10-15K Investment Into $1 Million?

What's Next For Kaspa Price: According to CryptoBusy, there are three possible scenarios for the short-term direction of KAS price.

In the most realistic case, if the breakout holds but moves gradually, then KAS could reach $0.095-$0.10. This lines up with a key psychological level and resistance from early February. This would be about a 22-28% gain from the current price.

In a more bullish scenario with increasing volume and positive market sentiment, then KAS could push to $0.11-$0.125. This area was a consolidation zone in January and would likely attract sellers again. A move to $0.12 would represent a 53% increase from current prices.

If this turns out to be a fake breakout and price falls below $0.074 again, then KAS might drop back to $0.066-$0.068 to retest the double bottom support. If that fails too, it could fall back to $0.05, which has been a strong demand level historically.

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