{"id":16758,"date":"2025-11-27T10:38:04","date_gmt":"2025-11-27T10:38:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kaspa-price-targets-55-upside-after-breaking-out-of-descending-trendline\/"},"modified":"2025-11-27T10:38:09","modified_gmt":"2025-11-27T10:38:09","slug":"kaspa-price-targets-55-upside-after-breaking-out-of-descending-trendline","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kaspa-price-targets-55-upside-after-breaking-out-of-descending-trendline\/","title":{"rendered":"Kaspa price targets 55% upside after breaking out of descending trendline"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Kaspa price is showing signs of a full bullish reversal from its long downtrend after it broke out of a key descending trendline that has kept its price in check for months.<\/p>\n<div id=\"cn-block-summary-block_cb1398144cb0147ebd56ad0f0fee814c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kaspa price has climbed 40% in the past week.<\/li>\n<li>Whales have bought the recent dip in KAS token.<\/li>\n<li>Multiple bullish reversal patterns have been confirmed on the daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Kaspa (KAS) has rallied over 40% in the past seven days to an intraday high of $0.061 on Thursday, Nov. 27, its highest level since mid\u2011October. Trading at $0.059 at press time, the PoW cryptocurrency still sits 48% below its July peak, where its previous downtrend began before this week\u2019s rebound.<\/p>\n<p>Kaspa price rebounded after it saw renewed demand from whales after it touched a yearly low of $0.036 just days earlier, likely forming the bottom.<\/p>\n<p>According to a recent X <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/KaspaBuilders\/status\/1993227482967793898\" target=\"_blank\" rel=\"nofollow\">post<\/a> by Kaspa Builders, eight Kaspa wallets bought the recent dip and have accumulated over 35 million KAS tokens.<\/p>\n<p>Investors often see such buying from large players as a sign of confidence, which in turn could lead to a major trend reversal in the short term. Notably, such activity, especially at a time when the broader crypto market is gripped by extreme fear, also likely played its part in triggering the rebound.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The recent whale accumulation has likely drawn the attention of derivatives traders. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/KAS\/futures\" target=\"_blank\" rel=\"nofollow\">Data<\/a> from CoinGlass shows that Kaspa\u2019s futures open interest jumped by 25% over the past day to $79.2 million. Additionally, the long-short ratio has moved above 1, which indicates that more traders are now leaning toward bullish bets.\u00a0<\/p>\n<p>A strong derivatives market can reinforce positive sentiment among retail investors and help sustain Kaspa\u2019s recent gains over the short term.<\/p>\n<h1 class=\"wp-block-heading\">Kaspa price analysis<\/h1>\n<p>On the daily chart, Kaspa price has broken out of a descending parallel channel pattern, which forms when an asset\u2019s price trends downward with lower highs and lower lows while remaining within two descending sloping trendlines.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Kaspa price has broken above a multi-month descending trendline resistance on the daily chart \u2014 Nov. 27 | Source: crypto.news<\/figcaption><\/figure>\n<p>Typically, when an asset\u2019s price breaks out of such a pattern, it signals a potential shift from a bearish trend to a bullish one.<\/p>\n<p>Kaspa price remains above the 20-day and 50-day moving averages, which indicates that bulls have regained control of the short to mid-term momentum.<\/p>\n<p>More importantly, the altcoin has broken out of a key descending trendline that had been serving as stiff resistance since late July. Traders have likely taken the breakout as further confirmation that the bearish phase may have ended and a new upward trend could be underway.<\/p>\n<p>As such, Kaspa could most likely rally to $0.092, with no major resistance levels appearing on the chart between its current price and that target. It lies roughly 55% above the current price.<\/p>\n<p>On the downside, $0.051, the 50-day moving average, remains the key support level to watch in case of any short-term pullbacks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kaspa price is showing signs of a full bullish reversal from its long downtrend after it broke out of a key descending trendline that has kept its price in check&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16758"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16758\/revisions"}],"predecessor-version":[{"id":16759,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16758\/revisions\/16759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2246"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}