Can Kaspa Price Surge 33%If It Breaks THIS Level?

Key Insights :

• After the trendline break and confirmed retest, KAS is trending up but needs to break $0.115184 and stay above it for another surge, about 33.55%.
• About $1.20M in KAS leverage positions were liquidated when price hit $0.101924.
• What the upcoming Crescendo v1.0.0 software update for Kaspa means for price.

Kaspa (KAS) price successfully broke through a vital descending trendline, which it afterward verified with a positive breakout retest at $0.083218.

Kaspa Price

The analysis of Kaspa price action showed the altcoin formed a double bottom pattern at $0.0556, which confirmed the potential momentum shift.

The price could test $0.114473 following its upward movement, but was yet to maintain above this level as a closing price.

The price level functioned as a resistant barrier for future market movements. Price action breaking above this level and sustained closure would most likely power a 33.55% push toward $0.155.

Looking at the MACD indicator, it generated a positive crossover between its MACD and signal lines, where MACD stood at 0.006144 above the signal line at 0.005711. The histogram was positive, which confirmed an ongoing bullish trend.

A failure of KAS to recover up to $0.114473 may result in a support test at $0.083218. Subsequently, this would invalidate the breakout structure.

A bullish momentum lasting above $0.115184 could enable price rises toward $0.154799, but bears would likely challenge previous lows if trading stays beneath $0.102432.

The price at $0.114473 served as the essential trigger for bullish continuation, yet $0.083218 represents the crucial level for ending this setup from being valid.

Key Leveraged Liquidity Levels for Kaspa Price

The Kaspa network lost $1.20 Million worth of positions through liquidations as prices reached $0.101924.

This zone functioned as a major site for liquidity where sell-side liquidations occurred because of price movement upward.

Another area of major liquidation potential exists between $0.105 to $0.112, which may drive short sellers from their positions if KASPA continues its price increase.

These liquidations serve as an energy source to potentially boost prices upward.

The price areas between $0.095 and $0.090 highlighted weak liquidation signals, given that long position investors seemed to be accumulating at those levels.

The rally could receive support from bulls if the price traveled back to these support zones, where they planned to establish new positions.

The price dropping below $0.095 would trigger extensive long-side liquidations that would likely push the asset value to $0.088.

Heavy liquidations at $0.101924 meant bears needed to defend the area to continue their uptrend.

Price breaking towards $0.112 could occur after its reclamation, although breaking points toward the downside would enhance pressure.

Upcoming Crescendo v1.0.0 Software Update

Meanwhile, the upcoming Crescendo v1.0.0 software update for Kaspa could optimize the performance of permissionless distributed systems. The update was in a 72-hour release period as of press time.

A new consensus method included in this development enabled block times below the global internet round-trip time without cutting peer-to-peer network dimensions or requiring placement based on geography.

The assumed success of this transition would bring with it increased transaction speed and faster finality, thus leading to improved user experiences on the Kaspa network.

The new feature could bring in more users and developers to Kaspa, which would positively impact prices through increased adoption.

The process of increasing network scale needs to be performed while preserving network decentralization standards.

Higher protocol complexity presents risks for developers to discover unexpected vulnerabilities within the system.

The upgrade’s implementation required close monitoring of security alongside stability, as the full effect of enhanced consensus speed on the network would become evident after the launch.

However, the price sensitivity amounted to long-term market adoption levels rather than brief performance announcements.