Kaspa (KAS) Price Analysis: Is the Breakout to $0.12 Just the Beginning?

Kaspa (KAS) is turning heads in the crypto market again with an explosive 9.47% daily gain that pushed its price to $0.10575. The move shattered the key psychological barrier at $0.10 and has placed $0.12 within reach as the next major resistance. 

But is this rally sustainable? Let’s dive into the chart to find out.

The latest daily chart of KAS reveals a strong bullish structure, backed by Fibonacci retracements, RSI momentum, and what appears to be a textbook Elliott Wave 3 formation. 

The momentum has been building over weeks, and today's breakout may just be the spark before a full-blown altcoin rally.

Key Takeaways

• KAS surged over 9% in a day, breaking the $0.10 psychological level.
• Heikin Ashi candlesticks show strong green continuation with no lower wick.
• RSI at 79.46 signals overbought conditions but aligns with strong bullish trends.
• Next resistance targets are $0.114, $0.12, and an Elliott projection to $0.127.
• Fibonacci support holds at $0.093–$0.096, now a major demand zone.
• Technicals point to a possible Wave 3 Elliott rally, with room to extend.

Kaspa’s Daily Chart: The Technical Picture

Kaspa’s price action shows a breakout from a multi-week sideways consolidation. Today’s Heikin Ashi candle is all green with no bottom shadow, a strong visual cue for trend continuation.

The surge from $0.096 to $0.105 has decisively broken the $0.10 zone. This move is also happening right above the golden pocket of the Fibonacci retracement between $0.089 and $0.093, which served as a springboard for this move.

The structure now favors bulls with higher highs and higher lows. The volume accompanying this breakout also confirms conviction behind the move.

Read Also: Is Kaspa Preparing for Another Price Surge? 

RSI Analysis: Overbought, But Not Over Yet?

The RSI (14) is now at 79.46, which is typically considered overbought. However, during strong trends, especially during Wave 3 impulses in Elliott Wave theory, RSI can stretch toward 85–90 before any meaningful correction.

In April, KAS also saw RSI breach the 80 level and continued to rally further. So while a short-term pullback remains possible, RSI alone is not a sufficient signal to call a top yet.

Fibonacci Levels & Price Targets

From the recent swing high of $0.117 down to the swing low of $0.065, key Fibonacci levels are now in play:

• 0.618 Fib ($0.093): Now support
• 0.786 Fib ($0.105): Tested during breakout
• 1.0 Extension ($0.114): Immediate target
• 1.272 Extension ($0.12): Bullish breakout zone
• 1.618 Wave 3 projection ($0.127): Stretch target if trend continues

The alignment of Fibonacci and Elliott Wave targets adds confluence and strengthens the case for further upside if bulls maintain pressure.

Elliott Wave Outlook: Is Wave 3 Underway?

Based on the chart structure and harmonic projection:

• Wave 1: $0.065 to $0.089 = $0.024 move
• Wave 2: Pullback to $0.080–$0.085 (completed)
• Wave 3: Projected move = $0.089 + (1.618 × $0.024) = ~$0.127

If the current move is indeed Wave 3, it’s typically the most impulsive and powerful leg of the Elliott sequence. A clean breakout beyond $0.12 will confirm this structure and open the door for further bullish extension.

Near-Term Price Prediction

With bullish indicators aligned, here’s the short-term forecast for KAS:

• Immediate resistance: $0.114
• Next key level: $0.12
• Bullish breakout target: $0.127
• Support zone: $0.093–$0.096
• Failure below $0.093: Would invalidate the bullish breakout

Any signs of weakness near $0.12 or bearish RSI divergence should be watched carefully. If bulls can’t hold that zone, price may pull back to retest support around $0.096, an ideal re-entry for bullish setups.

Read Also: Kaspa Coin (KAS) Price Prediction 2025-2030

Final Thoughts

Kaspa’s latest breakout is not just another pump, strong technicals, bullish momentum, and a textbook Elliott structure support it. While RSI suggests the asset is approaching overbought territory, trends like this often run longer than expected when fueled by accumulation and breakout confirmation.

If KAS clears $0.114 and holds above $0.12, then the journey toward $0.127 could unfold quickly. On the flip side, caution is warranted near these resistance levels, especially if momentum starts to wane.

For traders and investors, this is a moment to watch closely. Whether you're riding the wave or waiting for a pullback, Kaspa’s structure is one of the most bullish among altcoins right now.

Read Also: How to Buy Kaspa (KAS)

FAQs

Why is Kaspa (KAS) price rising?

KAS is breaking out of a long accumulation phase, supported by bullish technical signals such as Heikin Ashi candles, rising RSI, and Fibonacci breakout levels.

Is KAS overbought?

Yes, the RSI is above 79, suggesting overbought conditions. However, in strong uptrends, RSI can remain elevated without an immediate pullback.

What are the next resistance levels for KAS?

The next key resistance levels are $0.114 and $0.12. A breakout above these zones could open the path to $0.127.

What if KAS fails to break $0.12?

If KAS is rejected at $0.12, a retracement to the support zone between $0.093–$0.096 is likely. That zone could offer a bounce opportunity.

Where to buy Kaspa (KAS)?

KAS is available on leading exchanges like OKX, where traders can access deep liquidity and low trading fees. OKX is currently offering promotions for new users in Europe.