Foreign media analysis suggests that the Kaspa token KAS has recently returned above its 50-day moving average, with the price rising to around $0.02894, approaching the upper edge of the descending wedge pattern that has persisted for several months. This area is considered a watershed for the trend in the next phase.
Since February, there has been consolidation around support levels.
It is mentioned in the text that since the beginning of February, KAS has mostly been consolidating around the $0.02575 level, without any clear breakthroughs during that period, and it is still within the wedge convergence range as a whole. Although the price has recently rebounded, whether the upward trend is confirmed still depends on whether it can surpass the upper edge of the wedge.
On August 27, Kaspa emphasized its “real-time decentralization” narrative, stating the goal of achieving security levels close to Bitcoin’s proof-of-work and reducing transaction confirmation times to seconds in a real-time environment. The article points out that network narrative and price trends are not entirely synonymous; the market is more concerned with whether actual breakthroughs have occurred.
If it breaks through the upper edge or looks towards higher moving averages
According to the observations provided in the article, if KAS successfully breaks through the upper edge of the descending wedge pattern, the first hurdle it will face is the $0.03378 area, which corresponds to the 200-day moving average. If it can maintain this level, there is a possibility of further gains towards $0.06280 and then $0.07469.
Calculated from the current level of around $0.02894, there is still a significant distance between these levels and the current price. However, the article also emphasizes that only if the price continues to remain above these key levels after breaking through can the rebound structure be considered truly established; a single upward surge is not sufficient to confirm a trend reversal.
A loss of 0.02575 USD will lead to weakening.
Downside risks are also clear. The article suggests that if selling pressure continues to suppress the upper edge of the wedge pattern, and if KAS breaks below the support level of $0.02575, prices could fall back to around $0.01038, with even further lows not being ruled out.
Overall, foreign media define the current trend as a clear point of direction: holding above $0.02575, with the potential to exceed expectations still intact; if this support level is lost again, the current rebound structure could be quickly broken.
