Kaspa (KAS) is on the move again – and this time, the breakout looks serious.
Over the weekend, crypto analyst Jim (@Ski_Bum) shared a bullish chart update on X, showing Kaspa breaking out of a long-term downtrend. The post quickly gained traction, especially as KAS surged nearly 17% on the day. According to Jim’s chart, Kaspa has officially exited a descending channel and could now be heading into price discovery mode.
But this pump isn’t just technical – it’s being fueled by something much bigger.
What the Chart Is Telling Us
Jim’s chart, posted on a 3-day timeframe, shows Kaspa tagging a key order block around $0.05, bouncing hard, and then breaking above the upper resistance of a falling channel. This “tag and go” move is often a signal of institutional accumulation or strong bullish intent.
Now that the KAS price has cleared the channel, it’s eyeing the $0.15 zone, and potentially even higher. Jim notes that in the last major run, the 4.236 Fib extension landed around $0.14 – and Kaspa nearly hit $0.20 at peak FOMO. This time around, the same Fib extension points to $0.70, and Jim speculates that if the hype continues, $1.00 isn’t out of the question.
The Real Driver: Kaspa’s Crescendo Upgrade
The technical breakout aligns perfectly with a major fundamental upgrade. Kaspa’s “Crescendo” hard fork went live in early May, and it’s a big deal.
- The upgrade increased Kaspa’s block speed from 1 to 10 blocks per second (BPS).
- It leverages the GHOSTDAG protocol, which allows for parallel block processing – making the network not just faster, but massively scalable.
- With this change, Kaspa is now up to 6,000 times faster than Bitcoin in terms of raw block output.
This kind of scalability – achieved without sacrificing decentralization – has drawn serious attention from both miners and investors. The price pump we’re seeing now isn’t just hype; it’s backed by a real technological leap forward.
Read also: Why Kaspa (KAS) Price Dropped 75% From All-Time High
What’s Next for the Kaspa Price?
With KAS trading above $0.12 at the time of writing, momentum is clearly back on its side. If the broader market stays risk-on, and if Crescendo continues to deliver as promised, the $0.15 level could fall quickly. From there, all eyes will be on whether it can hit the speculative targets floating around social media – $0.20, $0.50, even $1.00.
But as always, it’s smart to watch for consolidation after a sharp move like this. The breakout is real – now the market needs to hold the gains.
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