Kaspa Surges 15% as Bullish Signal Returns

Kaspa (KAS) has recently gained attention following a 15% price surge, reaching just below the $0.09 mark. This bullish momentum has sparked renewed interest within the crypto community, particularly due to the reappearance of a key signal on the daily chart that previously preceded a 50% rally.

Crypto analyst GoonBoyCrypto highlighted this development on X (formerly Twitter), stating that the last time a similar bullish buy signal appeared on the daily chart, Kaspa experienced a 50% pump. The analyst expects the price to reach $0.12 within the next month and plans to revisit the prediction at the end of July.

The chart shared by GoonBoyCrypto indicates several bullish indicators on the daily timeframe. After a steep drop in June, KAS established a local bottom around the $0.07 range and is now forming higher lows, suggesting a potential shift from a bearish to a bullish market structure. The price is attempting to reclaim the 0.618 Fibonacci retracement level, which sits around $0.0845–$0.0855. This area often acts as a major decision point in crypto markets, and a clean break and close above this level could lead to acceleration toward the next resistance zone at $0.09 and eventually $0.10.

Additionally, the chart marks an area of interest near $0.11–$0.12, which previously acted as resistance in late May and early June. This area is suggested as the next logical target if momentum continues. A small green box at the lower end of the June consolidation zone represents what the trader considers a “Buy Zone” or support retest. Last time a similar setup appeared, in early May, Kaspa rallied over 50% to reach local highs.

According to the chart, the 0.5 Fib level (around $0.0875) is the immediate resistance to flip. If KAS can establish support above that level, the next key Fibonacci target is the 0.382 level, sitting near $0.094. This aligns closely with the June highs and would be the final hurdle before retesting the major area of interest around $0.12.

While the broader altcoin market currently has muted volume, Kaspa’s relative strength and the return of this bullish signal are encouraging signs. If history repeats itself, traders might see a similar move as the one in early May, especially if broader market conditions remain stable or bullish. GoonBoyCrypto’s forecast of $0.12 by the end of July is supported by the chart showing clear bullish structure forming again, and the reappearance of the same buy signal that preceded the May pump adds fuel to the speculation.

However, it’s important to note that Kaspa has strong intraday volatility. A breakout above $0.09 would add credibility to this bullish thesis, but traders should watch for confirmation with strong volume and candle closes above that zone.