Kaspa price just made a strong bounce from a long-term trendline that has acted as solid support for over two years. This is the same trendline that has helped KAS stay in an uptrend since early 2022. Every time Kaspa touches this rising line, it tends to recover quickly, and this recent move is no different.
Three days ago, Kaspa dropped to around $0.064 and bounced strongly back to $0.079. That support area, just above $0.06, is not new. KAS price has respected this level since its launch, and it has never broken below it. The chart shows a clear uptrend line connecting all major bottoms, and this bounce continues that pattern.
This long-term support is giving traders new confidence and this could be the beginning of a fresh rally. One of the biggest signals to watch is the MACD indicator, which shows early signs of turning bullish. After months of staying below the zero line, the MACD is beginning to curve upward again, and a bullish crossover looks likely.
That kind of crossover in the past has triggered upward moves in Kaspa price. If history repeats itself, we may be seeing the start of another big wave.
The Bollinger Bands also support this view. KAS has just bounced off the lower band and is pointing back toward the middle band. A push to the upper band would bring us close to the previous all-time high.
Kaspa Price Could Rally 170% From Here
Based on the technical setup on the weekly chart, if this bounce follows through, Kaspa price could rally all the way to the $0.2 zone. That would be a 167% jump from the current level around $0.079. The chart shows this price level as a potential target zone based on the size of the previous rally that started from the same trendline.
If buyers step in and the MACD crossover confirms, Kaspa could be setting up for a major move. The trendline support is holding strong, and the risk-reward ratio looks good for bulls. As long as KAS stays above that rising line, the outlook remains bullish.
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This bounce could trigger a rally similar to past moves, especially if trading volume picks up. For now, all eyes are on whether KAS price can build momentum and head toward $0.2 or even break above it later this year.
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The post Kaspa Price Bounces Off Multi-Year Support: New All-Time High Expected Soon appeared first on CaptainAltcoin.
