Date: Sat, June 21, 2025 | 09:26 AM GMT
The cryptocurrency market continues to struggle with persistent selling pressure amid rising geopolitical tensions between Israel and Iran. Ethereum (ETH), a market leader, has plunged from its recent high of $2,877 to $2,430 — dragging many altcoins down with it. Among the notable losers is Kaspa (KAS), which has tumbled 9% over the past week and is down more than 41% on the month.
Source: Coinmarketcap
But while sentiment remains bearish on the surface, a closer look at the charts reveals a different story — one that suggests KAS may be on the verge of a bullish reversal. A fractal pattern, almost identical to a breakout structure seen in Avalanche (AVAX) last year, is beginning to take shape.
Fractal Suggests Bullish Reversal Ahead
On the daily timeframe, KAS is mirroring the same bullish setup AVAX followed in late 2024 before its explosive rally.
In AVAX’s case, the token broke out of a symmetrical triangle and entered a falling wedge — a pattern known for signaling reversals or continuation moves. After a few weeks of contraction within the wedge, AVAX exploded higher, delivering a 111% surge in price.
Now, Kaspa seems to be following the same script.
- Symmetrical triangle breakout
- Formation of a falling wedge
- Compression below the 100-day MA
KAS is currently trading near $0.068, with the falling wedge narrowing — a classic sign of potential breakout energy building up.
What’s Next for KAS?
To confirm the bullish fractal, KAS must break decisively above the wedge resistance and reclaim the 100-day moving average ($0.086). This would be the technical trigger needed to attract more buyers and potentially initiate a sharp rally — just as AVAX did after a similar move.
If the pattern plays out, the next upside target lies in the $0.15–$0.16 range, marking a projected 111% move from current levels — the same magnitude as AVAX’s post-wedge rally.
However, given the broader market uncertainty driven by global tensions, traders should approach with caution. Confirmation through volume and price action is key before positioning for the upside.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.
