Kaspa (KAS) Surges 10% in a Day – Is a Major Rally Imminent?

• Why Did Kaspa (KAS) Explode 10% Today?
• Is Kaspa Overbought? RSI at 79.46 Raises Questions
• Fibonacci Targets: Where’s KAS Headed Next?
• Elliott Wave Theory: Are We in Wave 3?
• Kaspa Price Prediction: Key Levels to Watch This Week
• Where to Buy Kaspa (KAS)?
• Kaspa (KAS) FAQ

Kaspa (KAS) has stunned traders with a 9.47% single-day breakout, smashing past the psychological $0.10 barrier. With bullish momentum, Fibonacci targets, and RSI signals hinting at further gains, we analyze whether KAS can sustain this rally or face a pullback. Key levels to watch: $0.114 (immediate resistance), $0.12 (breakout zone), and $0.127 (Elliott Wave target).

Why Did Kaspa (KAS) Explode 10% Today?

The KAS/USD daily chart reveals a textbook bullish breakout from a multi-week accumulation phase. Heikin Ashi candles are solid green, with today’s candle lacking a lower wick—a rare sign of relentless buying pressure. The jump from $0.096 to $0.105 wasn’t random; it originated from the Fibonacci Golden Pocket ($0.089–$0.093), a springboard for aggressive rallies. TradingView data shows volume spiked 40% above average during the breakout, confirming institutional interest.

Is Kaspa Overbought? RSI at 79.46 Raises Questions

The RSI at 79.46 screams "overbought," but history suggests KAS ignores conventional warnings. In April 2025, KAS rallied another 22% after RSI surpassed 80. However, CoinMarketCap data reveals a pattern: every time KAS’s RSI crossed 85, it corrected 8–12% within 48 hours. Traders should watch for bearish divergences—if price hits $0.12 while RSI declines, it’s a classic sell signal.

Fibonacci Targets: Where’s KAS Headed Next?

Applying Fibonacci extensions from the April high ($0.117) to June low ($0.065):

• $0.114 (1.0 extension): Immediate resistance. A close above this could trigger stop-losses of short sellers.
• $0.12 (1.272 extension): The make-or-break level. Breaking this would open doors to retest the all-time high.
• $0.127 (Elliott Wave 3 target): Calculated as 1.618x Wave 1’s move ($0.024), this aligns with April’s liquidity pool.

Elliott Wave Theory: Are We in Wave 3?

The BTCC analyst team notes: "KAS completed Wave 2 (a 38.2% retracement) and now mirrors Wave 1’s structure. Wave 3 typically extends 1.618x Wave 1, projecting a $0.127–$0.13 target by July 25 if volume sustains." Historical data shows KAS’s Wave 3 rallies average 18–23 days—we’re on day 4.

Kaspa Price Prediction: Key Levels to Watch This Week

Sustained volume could propel KAS to $0.114–$0.12 by Friday. A weekly close above $0.12 may confirm a new uptrend.
RSI exhaustion near $0.114 could spark a dip to $0.096 (support zone). Watch BTC’s movement—KAS correlates 0.82 with bitcoin this month.

Where to Buy Kaspa (KAS)?

BTCC Exchange offers KAS trading with 0.08% Maker fees—cheaper than OKX’s 0.1%. Their new Euro trading pairs added $2M in KAS liquidity this week. Pro tip: Use limit orders; KAS’s 5% daily volatility creates slippage risks.