The Kaspa price continued to rally today with another 10% pump. This means KAS is again among top crypto gainers.
YouTube channel ‘Sin City Crypto’ posted a viral Kaspa price prediction video yesterday to their almost 100k subscribers.
Kaspa Chart Breakout Shows Strong Bullish Momentum
Kaspa has officially broken out of its downtrend, flipping to an uptrend on the daily chart. The price rallied from around $0.05 to $0.10, marking a significant 50-60% gain. Several technical indicators confirm this bullish momentum.
The KAS price broke above the Ichimoku cloud and closed a daily candle above it. The conversion line (9-day moving average) crossed above the baseline (26-day moving average). A cloud twist to green further indicates a clear momentum shift.
The Kaspa price bounced from a 78.6% Fibonacci retracement level, forming a double bottom pattern. Traders are watching the Golden Pocket Zone between $0.0836 and $0.0898, which is expected to serve as a pullback/retest area before the next potential move up.
After a bounce from this zone, the next target sits around $0.1127, which represents the 50% retracement level. This setup suggests a possible trade opportunity: entering long at $0.0836 with an exit near $0.1127.
The Crescendo Upgrade: A Game-Changing Milestone
The major catalyst for Kaspa’s recent price action is the upcoming Crescendo v1 upgrade scheduled for May 5. This technological milestone will speed up the Kaspa blockchain from 1 block per second to 10 blocks per second.
If successful, this upgrade would make Kaspa the fastest proof-of-work Layer 1 blockchain in existence. The community and developers are anticipating a smooth execution of this important upgrade.
Such a performance improvement could attract developers and dApp builders looking for high-performance proof-of-work blockchains. This could expand Kaspa’s ecosystem and use cases.
The Nacho token has emerged as the leading KRC20 token in the Kaspa ecosystem. It’s widely recognized as a blue chip token with multiple utilities. Holders can earn Nacho while mining Kaspa and securing the network through the Cat pool. The token also features an NFT collection with real utility and is part of the Moonbound.GG platform.
Nacho leads the Kaspa ecosystem both in market cap and number of holders, with approximately 18,000 holders and growing. Market analysts suggest that if Kaspa reaches a $20-50 billion market cap, about 1-5% could flow into Nacho, potentially making it a strong investment within the ecosystem.
The fundamentals behind Kaspa appear strong, with the Crescendo upgrade positioned as a potential game-changer. The technical setup looks bullish on daily timeframes and is approaching confirmation on weekly charts as well. With its increasing speed, fair launch model, and growing ecosystem, Kaspa is establishing itself as a serious contender in the proof-of-work blockchain sector.
The Kaspa price could climb higher in the coming weeks, especially with the Crescendo v1 upgrade arriving on May 5. If the upgrade successfully increases Kaspa’s speed to 10 blocks per second, making it the fastest proof-of-work blockchain, we could see even stronger price action as more developers and investors take notice. Realistic price targets could be $0.15 and then $0.20.
Read also: 2 Main Reasons Why Kaspa (KAS) Price Is Pumping
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