Key Insights :
- KAS confirmed breakout from $0.085 neckline with rising daily and weekly volume.
- Centralized exchange outflows signal accumulation and reduced selling pressure.
- Over 67% of KAS unmoved for 90+ days, showing long-term holder confidence.
Kaspa price posted a strong breakout in April after forming a double bottom at key support. Analysts and on-chain data confirm bullish signals, with upside targets at $0.13.
Technical setups, exchange outflows, and rising long-term holding behavior support the current rally. Alpha Crypto Signal and Rafaela Rigo provide the technical foundation, while KAS Daily outlines accumulation and sentiment trends.
Double Bottom Breakout Confirms Bullish Reversal for Kaspa Price
Alpha Crypto Signal identified a textbook double bottom formation on the Kaspa daily chart. The neckline breakout occurred at $0.085, where the price reversed the previous downtrend.
Kaspa price bounced twice from the $0.068–$0.070 range before breaching resistance, confirming bullish intent. The daily close above $0.085 triggered strong upside momentum, pushing KAS beyond the 50-day simple moving average.
Volume surged during the breakout, validating the pattern. Alpha Crypto noted that the strong follow-through suggested a shift in market structure.
Kaspa price rallied to a local high of $0.099 shortly after the breakout. With the neckline now acting as support, new resistance lies near $0.11. If bulls maintain momentum, price could climb to $0.129, the projected target for the double bottom.
This reversal marked a significant technical milestone. The bullish setup broke a months-long downtrend and re-established a positive trendline on higher timeframes. Volume and structure both align with historical breakout rallies for the Kaspa price.
Weekly Structure Aligns with Breakout Target
On the weekly chart, Rafaela Rigo confirmed a bounce from major support near $0.075. Her analysis pointed to a 30% move toward $0.098, which has already been achieved.
More so, she identified the $0.129–$0.13 zone as the next resistance. This level also served as support during the previous rallies and corrections.
KAS price showed a higher low constant since mid-2023, and the current rally remained above the trendline support. The weekly charts depict bullish continuation formations such as large green candles coupled with increasing volume.
These signals point to sustained momentum in the mid-term. However, Rigo pointed out on the fact that the price in the range of $0.13 -$0.17 is a volatile range.
This range has created historical reversal points and has also set up strong resistance and a profit-taking zone. For now, Kaspa price remains bullish, provided $0.085 acts as support in case of a pullback.
Exchange Outflows Suggest Smart Money Accumulation
Kaspa Daily reported significant exchange outflows in April. These outflows coincided with a major breakout in the market.
Gate.io recorded over 110 million KAS tokens withdrawn, while MEXC saw 25 million tokens leave its exchange wallet. This reduced total KAS exchange reserves to their lowest levels since December 2023.
Such sharp declines in centralized exchange balances usually indicate accumulation. When traders move coins to private wallets, it suggests a long-term hold strategy.
The timing of these outflows also aligns with the price breakout, hinting that smart money entered positions ahead of the move. This reduction in short-term supply assists in easing the pressure on sales.
With the increase in demand, liquidity is low, and therefore, the price will rise at a faster pace. If it goes on this way, the supply for active trading will continue to be low, hence putting more power in the hands of the bulls.
Long-Term Holder Activity and Derivatives Fuel Bullish Setup
On-chain fundamentals reveal increased optimism among holders. Currently, 67.39% of all KAS tokens have not been shifted for the last 90 days. This long-term holding leads to low turnover or active supply, as a sign of investors’ confidence in the value of Kaspa.
At the same time, derivatives markets are flashing bullish signals. Funding rates turned positive across exchanges, including Bitget and Bybit. Positive funding means traders are paying to keep long positions open, indicating bullish leverage is rising.
Kaspa Daily also considers that open interest increased in the same period, which gave another evidence of net purchases. Such signals indicate that bullish pressure is likely to continue since there is prolonged buying and less selling.
KAS’s technical indicators are bullish, and fundamentals back its price direction. With this momentum, the Kaspa price could retest $0.13 in the near term.