Kaspa is showing an impressive 60% increase in a week, driven by over $15 million accumulation by whales. This next-gen proof-of-work project catches the eye of institutional investors amidst a stagnant market. Are current technical levels hinting at a new rally towards $0.080 or an imminent correction?
Kaspa has just delivered one of the most impressive performances in the crypto market this week. The KAS token has surged by nearly 60% over the past seven days, a performance all the more notable given that the majority of altcoins are posting declines ranging from 30% to 40% over the same period. This remarkable resilience stems from massive institutional accumulation exceeding $15 million, a technical signal that experienced traders are closely monitoring.
Crypto analyst @AltCryptoGems has designated Kaspa as the “bull of the week” in their latest market report. This recognition is particularly significant in a context where the Fear and Greed Index is hovering around 20, a zone typically associated with extreme fear and widespread investor caution. Kaspa’s ability to outperform in these conditions reveals an exceptionally strong underlying dynamic.
The technical catalyst behind this surge deserves special attention. The Kaspa network has recently integrated an EVM-compatible multi-chain bridge, now enabling seamless interoperability with Ethereum and the entire ecosystem compatible with the Ethereum Virtual Machine. This strategic upgrade opens the door to new use cases and facilitates the influx of liquidity from other blockchains, a fundamental factor often underestimated in short-term analyses.
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From a strictly technical perspective, Kaspa has just successfully tested the critical level of $0.062, a monthly resistance that had blocked the token’s progression for several weeks. This breakthrough, even if temporary, represents a major bullish signal for traders following KAS price action. Meanwhile, the support around $0.055 has demonstrated remarkable strength, confirming the presence of a strong institutional demand zone.
Despite a 10% pullback from recent highs, the market structure remains clearly bullish. Retracements of this type are typical after such rapid rallies and generally allow for healthy consolidation before the next leg higher. Trading volumes remain elevated, a sign that investor interest is not waning despite short-term volatility.
The technical roadmap becomes particularly interesting above $0.060. A confirmed daily close above this psychological threshold would mathematically open the path toward an initial target of $0.075, representing an additional gain potential of 25% from current levels. If momentum sustains and Bitcoin consolidates its position above $90,000, the extension toward the POC at $0.088 becomes technically feasible, which would represent a gain of over 33% from current prices.
Kaspa’s evolution remains closely tied to Bitcoin movements, a reality that every altcoin trader knows well. BTC’s recent consolidation around $91,800 has created a stable environment allowing quality altcoins to breathe and build their own trajectories. This market stabilization phase traditionally favors projects with solid fundamentals like Kaspa.
Analysts also highlight the potential impact of a Binance listing, a rumor actively circulating within the crypto community. Such an event would inject massive liquidity and could serve as a catalyst for a new bullish wave. Listings on major exchanges historically represent moments of high volatility and opportunities for significant gains.
The capital rotation currently observed in the market favors projects presenting a rare combination: genuine technological innovation, growing adoption, and still-reasonable valuation. Kaspa checks all three boxes. Its unique BlockDAG technology enables near-instantaneous transaction confirmations while maintaining decentralization comparable to Bitcoin, a major competitive advantage over first-generation blockchains.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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