Kaspa Cryptocurrency Shows 111% Potential Gain Mirroring Avalanche Pattern

Coin WorldSaturday, Jun 21, 2025 5:59 am ET
1min read

Kaspa (KAS), a cryptocurrency that has been experiencing a downturn, is showing signs of a potential bullish reversal. Despite the overall bearish sentiment in the cryptocurrency market, which has been exacerbated by rising geopolitical tensions,

has been mirroring a fractal pattern similar to that of Avalanche (AVAX) from late 2024. This pattern suggests that KAS could be on the verge of a significant price increase.

On the daily timeframe, KAS is exhibiting a bullish setup that closely resembles the one

followed before its substantial rally. AVAX broke out of a symmetrical triangle and entered a falling wedge, a pattern known for signaling reversals or continuation moves. After a period of contraction within the wedge, AVAX saw a 111% surge in price. KAS is currently following a similar pattern, with a symmetrical triangle breakout, the formation of a falling wedge, and compression below the 100-day moving average.

KAS is currently trading near $0.068, with the falling wedge narrowing, indicating potential breakout energy building up. To confirm the bullish fractal, KAS must decisively break above the wedge resistance and reclaim the 100-day moving average at $0.086. This technical trigger could attract more buyers and potentially initiate a sharp rally, similar to AVAX's post-wedge rally. If the pattern plays out, the next upside target for KAS lies in the $0.15–$0.16 range, marking a projected 111% move from current levels.

However, traders should approach with caution due to the broader market uncertainty driven by global tensions. Confirmation through volume and price action is crucial before positioning for the upside. It is important to note that this analysis is for informational purposes only and does not constitute financial advice. Always conduct thorough research before investing in cryptocurrencies.

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