Kaspa (KAS) Price Rally to New ATH ‘Very Possible,’ Says Expert – Here’s Why

Kaspa (KAS) is drawing interest as analysts see a strong chance of a new all-time high.

Kaspa (KAS) price is showing signs of a critical support zone and a major network upgrade could be setting up the cryptocurrency for a new all-time high (ATH).

At the same time, rumors of top exchange listings are also heating up, which could add more fuel to the rally.

The cryptocurrency analyst CryptOG (@realhus2) says that Kaspa’s price action is setting up for some serious upside:

“Many traders might remain on the sidelines as they expect a quick price rebound, preventing their orders from being filled. This situation could create a supply squeeze, pushing the price higher.”

According to him, major exchanges like Binance and Coinbase are preparing to list Kaspa following its upcoming network upgrade:

“If this happens, the increased liquidity and exposure could propel the asset's price to even greater heights.”

Kaspa’s upcoming Crescendo hard fork is another factor that could contribute to bullish price action. The upgrade will improve the network’s efficiency by increasing block processing speeds to 10 blocks per second (BPS).

This enhancement could make the network more scalable and attractive to users and developers.

As the hard fork approaches, market participants are keenly interested in its potential impact. Throughout crypto history, major upgrades have often driven strong price reactions, and traders anticipate a similar trend for KAS.

According to CryptOG, successful implementation of Crescendo could be the final trigger for a major rally:

“The rumors of Binance and Coinbase listing Kaspa after the upgrade add another layer of interest. If either of these top-tier exchanges decides to list KAS, it could quickly generate significant buying pressure and propel the cryptocurrency to new highs.”

Crypto traders are keeping an eye on Kaspa as it approaches a critical support zone and a major network upgrade.

According to CryptoBull_360, the price of Kaspa (KAS) has been forming a descending channel on the 4-hour chart. The upper boundary of the channel provides a strong resistance level for the cryptocurrency.

According to his calculations, if Kaspa manages to break through that tough $0.084-$0.085 barrier, traders could see prices jump about 30%, potentially reaching $0.11. What’s encouraging is the solid buying that’s been happening around the recent bottom of $0.072-$0.073, suggesting there’s decent support for an upward move.

#KAS is gearing up for a strong breakout from the descending channel formation. A decisive flip and consolidation above the resistance zone could potentially trigger a 30% move from the identified level. Keep an eye on this setup! 👀$KAS #KASUSDTpic.twitter.com/5YuNTpJKp

— CryptoBull_360 (@CryptoBull_360) March 9, 2024It seems like investors are accumulating at these lower levels, which is typically a good sign for a potential reversal. Watching for a daily close above resistance, along with increased trading volume, will confirm bullish momentum.

Despite a 20.67% weekly decline, Kaspa has shown resilience with a 3.49% gain in the last 24 hours, according to CoinGecko data. The crypto market is watching Kaspa closely, as experts say it needs to push through that stubborn resistance level to shake off its recent slump.

With the Crescendo upgrade coming soon and rumors of new exchange listings, many traders still feel bullish about KAS amid the dip lately. If it manages to break through, a strong upward run that might push Kaspa to record highs in this market cycle could start.

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