Analysts Agree Kaspa is Set for Exponential Growth Following New All-Time High; Share Next KAS Price Targets

Analysts Project Promising Future for Kaspa After Record High

On Wednesday, Kaspa's value surged to an unprecedented $0.192. Since then, it has fluctuated slightly, settling at $0.179. However, it has maintained an upward trajectory today, facing key resistance levels to reach its all-time peak again.

Analysts remain optimistic about Kaspa's potential, predicting significant price increases in the months to come. Bysiyakat, an analyst at X, forecasts a surge to $5, with most of this growth occurring between July 2024 and 2025. According to their analysis, the rise from $2 to $5 will likely follow a logarithmic pattern, indicating substantial percentage gains.

Bysiyakat emphasizes the value of understanding temporal cycles in the cryptocurrency market, suggesting it can lead to significant wealth accumulation. They have identified a pattern on Kaspa's weekly chart, showing decreasing intervals between blue lines, potentially indicating accelerating price growth. The two orange vertical lines on the chart frame the period between July 2024 and July 2025, which Bysiyakat believes will be crucial for Kaspa's performance.

Another analyst, Cryptographur, has identified a seven-month-long "Running Flat Pattern" on Kaspa's chart, which they view as a bullish sign. The low and extended correction, followed by an anticipated breakout, suggests a potential surge.

Cryptographur also discusses the lack of widespread attention on Kaspa during its accumulation phase. They suggest that savvy investors, recognizing its value, prefer to accumulate quietly, avoiding competition and keeping the price low. Moreover, retail traders often overlook the true value of such projects, focusing instead on short-term price movements and hype.

The analyst stresses the importance of focusing on value over price, asserting that Kaspa has the strongest value proposition in the cryptocurrency industry.

Technical Analysis and Price Expectations

Analyst Hov provides a technical analysis of Kaspa's recent performance, noting a 70% rebound from a support level. They anticipate a period of sideways correction, based on the rule of alternation, given the sharp correction in the previous wave.

If Kaspa faces resistance at its current level, Hov expects a pullback to the $0.14 support level. However, a solid close above $0.20 could drive the price towards the $0.25-$0.28 range, completing the larger third wave pattern.