Kaspa price prediction: this pattern breakout and whale accumulation point to bullish shift

Kaspa (KAS) has seen a notable shift in market dynamics, with its price showing strong upward momentum after an extended period of stagnation.

The Kaspa price is currently around $0.0615, marking a 21% increase over the past 24 hours and a remarkable 44% gain over the past week, although it still faces a long-term decline of nearly 59% over the year.

This sharp rally signals the potential for a bullish shift, driven by both technical breakout and significant whale activity.

Falling wedge breakout fuels momentum

Recently, KAS has been trading within a descending channel pattern, which has historically acted as a bearish constraint, limiting upward moves for months.

Kaspa has finally broken above the channel’s upper trendline, signaling a potential trend reversal.

The breakout was confirmed on both daily and multi-week charts, as KAS surged past key resistance levels, including the $0.060 psychological mark.

Momentum indicators, such as the RSI and MACD, reflect strong upward pressure, while the Parabolic SAR has flipped bullish, reinforcing the idea that short-term sentiment is turning positive.

Traders should now closely watch whether KAS can maintain gains above the $0.062 level, which is critical for a sustained breakout.

Whale accumulation drives price resilience

Alongside technical patterns, on-chain activity points to strong whale accumulation supporting Kaspa’s rally.

According to Kaspa Builders, several major wallets have been buying aggressively, with the top holders collectively acquiring over 35 million KAS.

This coordinated accumulation has been especially evident during periods when the KAS price hovered near $0.050, effectively establishing a floor and signaling confidence from long-term investors.

The presence of these large wallets adds an extra layer of market stability, suggesting that the recent surge is backed by fundamental buying rather than purely speculative momentum.

Kaspa Builders has also highlighted that the recent breakout from a multi-day accumulation zone was accompanied by high trading volume and clean price action, reinforcing the credibility of the move.

The combination of strong technical signals, including a rising RSI and bullish Ichimoku cloud flip, with whale accumulation, suggests that KAS may have entered a new phase of sustained upward pressure.

Kaspa price forecast

Looking ahead, the Kaspa price forecast appears cautiously optimistic as the larger crypto market led by Bitcoin (BTC) recovers from the recent dip.

If KAS can hold above the current breakout level and maintain support around $0.055–$0.057, the next targets are likely $0.065 and beyond, with Fibonacci extensions pointing toward a potential move as high as $0.079.

Technical indicators such as the DMI and ADX also confirm strong momentum, suggesting that the bullish trend is part of a sustained move rather than a minor fluctuation.

Conversely, a failure to defend these support levels could trigger profit-taking, with analysts pointing to $0.0515 as the immediate support level in case the main support around $0.055–$0.057 breaks.