Kaspa (KAS) Gains 42% From March Low — Key Resistance Now in Sight
Key Takeaways
- Descending channel structure nearing a breakout.
- Impulse wave forming from March low.
- RSI momentum is trending upward from oversold levels.
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Kaspa has been navigating a prolonged corrective phase after peaking in August 2024.
Current price action suggests a potential pivot from a bearish continuation to the early stages of a bullish, impulsive recovery.
The 4-hour and 1-hour charts reflect critical decision points as the price tests major resistance zones.
KAS Price Analysis
The 4-hour chart shows KAS concluding a complex correction from its peak at $0.20, unfolding the structure into a W-X-Y pattern.
Wave Y appears to have found its bottom at the $0.056 level on March 11, slightly above the 0.786 Fibonacci retracement from the entire macro move.
During this low, the Relative Strength Index (RSI) hit oversold territory, indicating a possible exhaustion of selling pressure.
Following that low, the price has rebounded 42% within a descending channel, approaching the descending trendline from the wedge pattern
The 0.618 Fibonacci retracement at $0.078 has served as a pivot zone, while the $0.095–$0.107 area now acts as a key resistance confluence.
The structure suggests that the correction phase may end, and KAS is building a base for a trend reversal.
If the breakout confirms, this would establish a higher low and potentially initiate a new five-wave advance.
RSI momentum is improving, now hovering around mid-range, which aligns with a constructive bullish setup if continuation follows.
However, rejection from current levels may trigger one final move down to retest the $0.0485 lows before a stronger recovery.
KAS Price Prediction
The one-hour chart further clarifies the microstructure. The initial five-wave impulse appears underway from the March 11 low.
Waves (i) and (ii) have already formed, with KAS now possibly entering wave (iii), which targets the $0.107 region—matching the 0.5 Fibonacci and key horizontal resistance.
This area is pivotal, marking the likely termination zone for wave (iii).
A rejection here could lead to wave (iv) unfolding with a retracement toward the $0.090 region before a final push higher in wave (v).
This impulsive sequence, if validated, would confirm a bullish structural shift and end the prolonged correction.
Conversely, failure to hold above the $0.078–$0.080 zone, which coincides with the breakout, could invalidate the impulse scenario.
In that case, the move may resolve into a corrective bounce, and KAS could resume its descent toward the 0.786 retracement at $0.0485.
The RSI on this time frame is neutral, showing no bearish divergence, giving room for a further upside extension. Price action in the coming days around the $0.10–$0.107 resistance will likely determine whether this move is a true reversal or another bear market rally.
Key Levels to Watch
- Immediate Resistance: $0.095 (structural resistance).
- Key Resistance: $0.1065 (0.5 Fibonacci retracement).
- Major Resistance: $0.1305 (0.382 Fibonacci retracement).
- Immediate Support: $0.078 (0.618 Fibonacci retracement).
- Critical Support: $0.0485 (0.786 Fibonacci retracement).
- Short-Term Target for Wave (iii): $0.107.
- Invalidation Zone: Below $0.078 (break of wave structure).
