Kaspa news

Global crypto market capitalization slipped nearly 2% overnight amid widespread profit‑taking, but Kaspa’s native token KAS bucked the trend, rallying about 10% to a two‑month high of $0.112. Futures open interest for KAS jumped 16% to $237 million, reflecting heightened participation from retail and institutional traders. Technical indicators show the price holding above the Ichimoku Cloud and a resistance level near $0.115 that could transform into support if breached upward. A smooth breakout could carry KAS toward $0.118, while a pullback could force the coin back to $0.104 or even test the $0.096 support. The altcoin remains poised for further gains amid prevailing bearish market conditions.

Kaspa (KAS) surged nearly 10% in the last 24 hours, making it the top gainer in the crypto market and driving volume up. The rally pushed the token above its 20‑day exponential moving average and a 29‑day resistance level that had stymied it, indicating stronger buying pressure. A fresh bullish crossover on the MACD confirms a shift in momentum, bolstering expectations for a sustained push as Q2 draws to a close. At the time of writing KAS traded around $0.079, with analysts eyeing a break above the $0.082 resistance as the next target. If that level is breached, the price could climb towards $0.091, though a reversal could see a slide back to about $0.069. The combination of higher volume, moving‑average breakthroughs, and positive MACD signals fuels optimism but also reminds investors that downside risks remain.

Bitcoin’s rise to $95,000 has spurred altcoin gains, with BNB, Kaspa (KAS) and Aave (AAVE) singled out for the end of April. BNB trades around $606 after a 2½‑month dip; the April 30 Lorentz fork will speed block times, and breaking the $618 resistance could lift it to $647, while retreating below $600 could pull it to $576 support. KAS rallied 27% to about $0.099, eyeing a $0.103 ceiling; the Crescendo upgrade will run the network at 10 BPS, potentially boosting it to $0.112‑$0.120, but falling below $0.092 could drag it to $0.083. Aave surged 22% this week and sits in a bullish RSI zone; analysts see a rise to $180‑$198, though a loss of momentum could push it below $167 toward $126. Investors will watch these resistance levels and upgrades for further upside or reversal.

Bitcoin climbed to $111,539, building solid support near $79,000 after breaking its April 12 resistance, suggesting a correction’s end for today. Technicals focus on the 20‑day EMA $82,885; a drop below could send it to $78,500, while a rebound could lift toward $89k–$95k. Investors are watching the U.S. dollar index, which trades below 100, because further dollar weakness could reinforce Bitcoin’s rally today. A surge in Bitcoin could lift altcoins, including Hyperliquid, which sits above its 50‑day SMA and looks to break $21. Ondo and Render exhibit bullish 20‑day EMA trends, targeting $1.20 and $5.94 respectively if they sustain gains beyond key support levels for today. Kaspa’s 20‑day EMA has risen above $0.08, a move that could push the coin toward a $0.12 target for today.

As Q1 2025 ends bearish, BeInCrypto spotlights three altcoins that could rebound before March’s final close. Filecoin (FIL) climbed 18% to $3.13, just below a $3.23 resistance that could flip into support and lift the price toward $3.56. Animecoin (ANIME) is targeting $0.0201 before its mainnet launch; success could lift it past $0.0230 to $0.0268, but failure might drop it to $0.0156. Kaspa (KAS) trades at $0.077 near $0.078; the upcoming Testnet 10 Crescendo mainnet could push it to $0.089, yet a breakdown may pull it to $0.069. Clearing these resistances could catalyze a stronger Q2 start, whereas missing them may trigger sharp declines.

Kaspa (KAS) has fallen 28% in the last month, trading around $0.108 as of release. Technical analysis shows a death cross on Oct 22, with the 50‑day moving average crossing below the 200‑day average, a classic bearish cue. The MACD confirms weakness, lying below both its signal line and the zero line, indicating that short‑term momentum is fading. If sellers push KAS below its current $0.104 support, the price could slide to approximately $0.076, the last low recorded in November 2023. A reversal to bullish sentiment, however, might hold the support level and lift the coin toward a $0.16 upside target.