- Kaspa’s breakout from the broadening wedge shows potential for further upward momentum toward $0.21.
- Bullish technical indicators and market sentiment suggest continued price growth into 2025.
Kaspa [KAS] has been showing promising price action, recently breaking out of a broadening wedge pattern and gaining traction in the cryptocurrency market.
With its press time price at $0.1827, up 0.24% in the last 24 hours, the coin has caught the attention of traders as it approaches the key resistance level of $0.19.
The critical question now is whether KAS can sustain this momentum and push past its all-time high of $0.21. In this article, we’ll analyze Kaspa’s technical indicators, social volume, and market sentiment to provide insights into its price potential for 2025.
Kaspa price prediction
Kaspa has successfully broken out of the broadening wedge pattern, a development that often precedes significant price movements. As KAS approaches the $0.19 resistance level, the key question is whether it can break through.
If KAS manages to clear this resistance, it could drive the price to new heights, possibly surpassing the previous all-time high of $0.21. Therefore, traders should closely monitor how the price behaves around this level.
Source: TradingView
Kaspa’s technical indicators strongly suggest bullish continuation. The short-term moving average (MA) is positioned above the long-term MA, signaling upward momentum.
Additionally, the Relative Strength Index (RSI) stands at 64.84, indicating that the coin is not yet overbought. This suggests there is still room for further upward movement before hitting a potential overbought condition.
Source: TradingView
What does the metrics reveal about Kaspa’s popularity?
Kaspa’s social volume has seen a slight decrease, from 105 to 87 in the last day. While this decrease is worth noting, it does not necessarily signal a significant change in sentiment. Social volume can fluctuate frequently, and a one-day decline is not uncommon.
Moreover, if KAS continues its upward trend, the social volume could rise again. Therefore, the recent drop is not a major concern but rather a short-term fluctuation.
Source: Santiment
Kaspa’s liquidations show that shorts stand at $5.32K, while longs are at $44.66K. This imbalance suggests that most traders are betting on the price to rise. If KAS continues to increase, the liquidation of long positions could trigger further upward price action.
Therefore, the liquidation data supports the potential for a price surge, especially if KAS maintains its bullish momentum.
Source: Coinglass
The market sentiment for KAS remains cautiously optimistic. Open interest has dropped by 1.96% to $152.79 million, which could suggest reduced market activity. However, this does not immediately signal a bearish shift.
Overall, the market sentiment remains positive, and many traders are still confident in Kaspa’s growth potential.
Source: Coinglass
Read Kaspa’s [KAS] Price Prediction 2024–2025
Based on Kaspa’s successful breakout, bullish technical indicators, and overall market sentiment, it is likely that the coin will continue to rise, potentially surpassing $0.21 in the near future.
Therefore, the KAS price prediction for 2025 looks promising, with significant growth potential. However, traders should monitor key resistance levels and market conditions closely to adjust their strategies as needed.
