Kaspa (KAS) Shatters Resistance With 10% Surge—Q2 Rally Just Getting Started
Kaspa (KAS) isn’t just climbing—it’s bulldozing through barriers. A 10% price explosion just cracked a critical resistance level, setting the stage for a fiery Q2 finale.
The breakout playbook
While legacy markets fuss over rate cuts, KAS traders are pocketing gains. The coin’s recent surge isn’t just technical—it’s a middle finger to sideways consolidation.
Why this move matters
That 10% pump wasn’t luck. It’s liquidity hunting weak hands. With Q2 closing strong, Kaspa’s chart looks like a spring coil—and someone just cut the tension.
Watch the close. If KAS holds these levels, even the crypto skeptics might dust off their ‘number go up’ memes. Just don’t tell the SEC.
Kaspa Clears 29-Day Barrier
Readings from the KAS/USD one-day chart show the altcoin trading above its 20-day exponential moving average (EMA), a resistance level it had struggled to break for the past 29 days.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. When an asset’s price trades above this key moving average, buying pressure exceeds selloffs, and the bias toward the asset turns positive.
Therefore, KAS’s successful breakout above this level suggests a bullish shift in market sentiment as the second quarter draws to a close.
Furthermore, the altcoin’s Moving Average Convergence Divergence (MACD) indicator has just recorded its first bullish crossover in several weeks, reinforcing signs of a bullish resurgence in the market. At press time, KAS’s MACD line (blue) rests above its signal line (orange), confirming the shift in momentum toward buyers.
The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
As with KAS, when the MACD line rests atop the signal line, it indicates bullish momentum, suggesting that the asset’s price may continue to rise.
Kaspa Eyes $0.082—Can Bulls Keep Control?
At press time, KAS trades at $0.079. If demand continues to climb, the 20-day EMA could serve as a support floor, potentially pushing the token’s price above its next resistance at $0.082. A successful break above this level may open the door for further gains toward $0.091.
However, if sell-side pressure gains momentum, this bullish outlook WOULD be invalidated. In that case, KAS’s price could face a pullback toward $0.069.
