Kaspa recently broke through a long-term descending wedge, demonstrating significant upward momentum. Short-term support is located at $0.035; if breached, a pullback to $0.030 is possible. The driving forces include increased sentiment in the derivatives market, ecosystem collaborations, and expectations surrounding the smart contract upgrade. It is recommended to closely monitor the key $0.035 level and guard against short-term risks due to high volatility. Strategically, take advantage of ecosystem-driven positive news for positioning, while being cautious of the impacts that macro liquidity changes may have on the market.

According to candlestick data, since March 16, the price of Kaspa surged rapidly from around $0.030 to $0.041 on March 20, marking an accumulated gain of over 36%. This phase was accompanied by a surge in daily trading volume, with turnover briefly exceeding 187 million KAS, validating the breakout logic of the multi-year descending wedge pattern. Although a minor pullback followed, the price remained above the $0.035 support zone, indicating that bullish momentum is still dominant in the short term.

Kaspa price surged to a seven-week high of $0.041, confirming a breakout from a multi-year falling wedge pattern, signaling potential for over 50% further gains. Bullish technical indicators like Supertrend and Aroon support a strengthening uptrend, with resistance at $0.038 and a possible rise to $0.056. Additionally, $1.8M in Kaspa has been withdrawn from exchanges, indicating increased investor accumulation and reduced sell-side liquidity.

Kaspa price eyes over 50% rebound after confirming falling wedge pattern

Recently, market interest in Kaspa derivatives has risen significantly, with open interest in derivatives jumping from approximately $9.89 million to $13.64 million within two days, reflecting speculative enthusiasm for the anticipated May 5 smart contract hard fork. Additionally, Kasplex collaboration and the official launch of the Igra Network have further enhanced the ecosystem’s utility, driving a recovery in market confidence. Against a backdrop of easing geopolitical risks, overall risk appetite has increased, providing additional sentiment support for Kaspa.

Kaspa's price surged 20% amid a surge in derivatives open interest from $9.89M to $13.64M in 48 hours, driven by anticipation of a May 5 hard fork introducing programmable smart contracts ("vProgs"). This upgrade aims to transform Kaspa into a high-performance ecosystem competitor. The price is consolidating above the 200-day EMA near $0.05, with potential targets at $0.062 and $0.074, though a correction remains possible if support at $0.03 fails.

Kaspa Explodes Higher as Hard Fork Frenzy Sparks Breakout Showdown

Kaspa ($KAS) surged 6.35% to $0.0367, outperforming the broader market amid easing geopolitical tensions that boosted risk sentiment. Key developments include the Kasplex partnership enabling direct $KAS deposits/withdrawals and the launch of the Igra Network, adding smart contract and DeFi capabilities. Technical support near $0.035 remains crucial, while rising adoption, protocol upgrades, and token accumulation signal growing investor confidence and ecosystem growth.

Kaspa Gains Momentum as Market Relief and Ecosystem Growth Align

Although multiple positive catalysts have been released, if the price falls below the short-term support zone of $0.035, a technical pullback to around $0.030 may be triggered. During previous periods of broad market fluctuations, Kaspa also experienced short-term retracements of over 10%, highlighting the risk associated with high volatility. While proactively monitoring the medium- and long-term value brought by ecosystem upgrades, one should not overlook the potential impact of macroeconomic and liquidity changes on short-term prices.

On March 20, according to Coinmarketcap data, the top 100 cryptocurrencies by market value showed notable changes. Bittensor (TAO) led gains with a 13.94% increase to $277.32, followed by Kite (KITE), Artificial Superintelligence Alliance (FET), Aptos (APT), and Shiba Inu (SHIB). On the downside, River (RIVER) dropped 10.80% to $22.90, with MemeCore (M), Kaspa (KAS), Worldcoin (WLD), and XDC Network (XDC) also declining.

Today's price changes of the top 100 cryptocurrencies by market cap: TAO up 13.94%, RIVER down 10.80%

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Kaspa Price: KAS Live Price Today | KAS Market Cap & Chart Analysis | Bybit-eu

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KAS price today is 0.04, with a live price change of -6.74 in the last 24 hours. Convert, buy, sell and trade KAS on Bybit-eu.

Track Kaspa live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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