{"id":580472,"date":"2026-03-17T19:30:20","date_gmt":"2026-03-17T14:00:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=580472"},"modified":"2026-03-17T16:20:33","modified_gmt":"2026-03-17T10:50:33","slug":"kaspa-can-kas-target-0-055-after-breaking-key-price-hurdle","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/kaspa-can-kas-target-0-055-after-breaking-key-price-hurdle\/","title":{"rendered":"Kaspa: Can KAS target $0.055 after breaking KEY price hurdle?"},"content":{"rendered":"

Kaspa [KAS] is garnering widespread attention from crypto enthusiasts due to its impressive performance. The asset has not only gained amid the broader market recovery but has also broken a key hurdle. This signals that a massive upside rally may be on the horizon.<\/span><\/p>\n

According to CoinMarketCap data, KAS<\/a> has climbed over 11.50% in the past 24 hours and was trading at $0.03609 at press time. Additionally, market participation has seen a significant increase. This was reflected in trading volume, which surged by more than 130% to $36.88 million.<\/span><\/p>\n

Rising trading volume shows heightened participation from traders and investors during the price recovery and suggests that market participants are increasingly interested in the current trend.<\/span><\/p>\n

Kaspa price action and technical analysis<\/b><\/h2>\n

AMBCrypto\u2019s daily chart analysis shows KAS turning bullish and primed for a major rally. With the recent upside move, the asset has broken out of a key resistance level of $0.035. A level that it had been facing since the 1st of February 2026.<\/span><\/p>\n

\"Kaspa<\/a>
Source: TradingView<\/figcaption><\/figure>\n

If KAS closes a daily candle above this key level, it could see a price jump of 51% and may reach the $0.055 level. However, <\/span>$0.040 appears to be a key resistance level that could act as a hurdle for the asset in its upcoming rally.<\/span><\/p>\n

Despite the bullish breakout, the technical indicator Relative Strength Index (RSI) has reached 72.02 at the time of writing. This<\/span> indicates that the asset is in overbought territory, suggesting that the asset might see a potential correction before the next leg up.<\/span><\/p>\n

Meanwhile, the Average Directional Index (ADX), which measures trend strength, stood at 19.77, below the key threshold of 25, indicating weak directional momentum in the asset.<\/span><\/p>\n

KAS sees mixed sentiment among market participants<\/b><\/h2>\n

In addition to the price action, CoinGlass reveals that both investors and traders have mixed sentiment, as short-term participants are following the trend while long-term holders appear to be booking profits.<\/span><\/p>\n

\u00a0Data shows that $0.0319 on the lower side (support) and $0.0358 on the upper side (resistance) are two major levels where traders are overleveraged. In fact, traders at these levels have built $1.02 million in long leveraged positions and $177.6K in short leveraged positions. <\/span><\/p>\n

However, these positions could be liquidated if the KAS price moves in either direction. <\/span>Based on this data, it appears that bulls are dominating the asset, while sellers\u2019 interest seems to be fading.<\/span><\/p>\n

\"KAS<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n

Meanwhile, data on KAS spot inflows\/outflows<\/a> shows that over the past 48 hours, a massive $1.22 million worth of the asset has flowed into exchanges. The movement of assets from wallets to exchanges typically indicates that long-term holders may be preparing for a sell-off. This sign is considered a bearish sign for the asset.<\/span><\/p>\n

\"KAS<\/a>
Source: CoinGlass<\/figcaption><\/figure>\n
\n

Final Summary<\/b><\/h2>\n