KAS rallies against the market trend | Credit: Hameem Sarwar
Share
Key Takeaways
KAS surges 25% despite market fear, reclaiming key resistance.
RSI and DMI indicate a shift in momentum in favor of buyers.
Rejection at Fib levels may trigger a retest of $0.036 support
Kaspa (KAS) price has surged by 25.17% in the last 24 hours.
Interestingly, this has occurred amid widespread market fear.
The recent rally has pushed the Kaspa coin price back into a critical resistance zone. With momentum flipping in favor of the bulls, here is what could be next for the altcoin.
Kaspa Price Breaks Out
On the 4-hour chart, KAS’s Moving Average Convergence Divergence (MACD) shows a clearly bullish setup. The 12-day EMA (blue) crossed above the 26-day EMA (orange), indicating a shift in momentum toward buyers.
Furthermore, the MACD histogram is expanding upward, confirming growing bullish strength.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Supporting this outlook, the Awesome Oscillator (AO) displays a series of large green histogram bars. This indicates bullish momentum, considering Kaspa’s price has broken above a falling channel.
Sustained MACD expansion alongside the AO indicates trend continuation, showing that buyers are stepping in with increasing conviction.
As long as the MACD lines remain wide and rising, bulls maintain control of the market tempo.
If bullish momentum continues, the Kaspa coin price could push beyond its current resistance zone at $0.054 and potentially reach $0.060.
Open Interest Rises
Beyond the technical data, KAS derivatives metrics are also leaning bullish.
At press time, the Open Interest (OI) has surged by 32.25%, revealing increased participation from traders and growing confidence in the ongoing uptrend.
This uptick suggests that more market participants are taking positions, potentially anticipating further price appreciation.
If momentum persists, KAS’s price could rise higher, solidifying the bullish setup.
On the daily chart, KAS’s Relative Strength Index (RSI) has just moved above the neutral zone. The technical setup also indicates that the coin could potentially approach the upper trendline of the descending channel.
Additionally, the RSI rating is likely to move above 60, possibly confirming a stronger upward trend.
The Directional Movement Index (DMI) also supports the bullish case.
At press time, the positive +DMI at 26.09 crossed above the negative -DMI at 21.53, signaling that upward momentum is starting to outweigh selling pressure.
Although the gap is modest, the trend reflects a buildup of potential bullish sentiment.
Meanwhile, the Average Directional Index (ADX) sits at 36.90, confirming the presence of a strong trend.
This reading indicates that the current bullish momentum is part of a sustained move rather than a minor fluctuation.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
