Kaspa (KAS) Price Prediction 2022-2025: Will KAS Hit $0.25 Soon?

Kaspa (KAS) price soared over 4% to be in the top of gainers list on Wednesday. The token is trading at $0.2048, up 4.33% as compared to the same time last day

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The price of Kaspa (KAS) has seen a surge of over 4% on Wednesday, placing it among the top gainers in the market. At press time, the token is valued at $0.2048, reflecting a 4.33% increase compared to the same time yesterday.

In contrast to the bearish trend observed among popular altcoins, Kaspa has exhibited remarkable growth over the last several months. Despite the broader market downturn, KAS has established a new high at the $0.20 level. The altcoin is experiencing a positive extension as the bullish momentum continues to build, leaving market participants speculating on the possibility of a new all-time high.

As the coin experiences a breakout rally and forms higher highs, the market capitalization of $KAS is approaching the $20 billion mark.

Kaspa technical indicators suggest bullish territory

Examining the technical indicators, the price of KAS reveals a bullish trend, forming higher highs and higher lows. Since May, KAS has witnessed a steady rise and has managed to climb on the back of strong investor confidence.

However, the coin has encountered resistance at the $0.2000 zone in the past. For the token to continue its bullish momentum, rising past this crucial stage seems to be essential.

What's driving the increasing interest in Kaspa?

Kaspa has been experiencing a surge in daily volumes recently, which is evident from its rising daily volumes. The proof-of-work project KAS is built on GHOSTDAG. A unique aspect of this is that GHOSTDAG doesn’t discard parallel blocks like traditional blockchains do.

Instead, it enables them to align and sets them up in a way that benefits each other. From a basic structural perspective, Kaspa is the Nakamoto Consensus. The project doesn’t have a business plan or central governance. In turn, it is decentralized, open-source, and community-based.

Can Kaspa hit the $0.25 level in the future?

Kaspa (KAS) has drawn a horizontal channel pattern in recent times, as depicted in the chart above. A sideways trend or horizontal channel is like a rectangle pattern. There are a minimum of four contract points in it. This is because it needs two highs and two lows at the very least to connect.

Horizontal channels make trading easier to understand and organize by offering buy and sell points. The horizontal channel's length adds to the strength of the breakout move.

At the time of analysis, Kaspa (KAS) was priced at $0.2048. Should the pattern trend continue, KAS’s price could potentially hit the resistance levels of $0.2109 and $0.356221. If the token manages to break past these points, it can surge as high as $0.4 a piece.

However, if the trend reverses, the price of KAS could drop below $0.141868 and $0.104736 as supports.

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