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<p>Kaspa’s native token KAS has surged over 12% in the last 24 hours, buoyed by a breakout from a key falling wedge pattern. This technical price action indicates a resumption of Kaspa’s long-term uptrend targeting $0.14 initially.</p>
<h2 class="wp-block-heading" id="kas-breaks-out-as-top-performer">KAS Breaks Out as Top Performer</h2>
<p>As noted by <a href="https://twitter.com/KASPAEnthusiast/status/1740648232345272728?t=UXtWv7mFcz4ElhID332WXA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">@KASPAEnthusiast, KAS</a>’ 12%+ gain makes it one of the top performing crypto assets over the last day:</p>
<blockquote class="wp-block-quote">
 <p>“#kaspa has a breakout and this is not only reflected in its own chart. $kas is the top winner of the last 24h”</p>
</blockquote>
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<p>This sudden resurgence comes on the heels of mostly sideways price action for KAS over recent weeks as it trended within a falling wedge pattern on the daily chart.</p>
<p>Yesterday’s sharp move above wedge resistance at $0.11 signals a high probability of continuing upward momentum. With KAS now trading around $0.12, the breakout appears to be just getting started.</p>
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<h2 class="wp-block-heading" id="targeting-falling-wedge-price-target">Targeting Falling Wedge Price Target</h2>
<p>Typically, falling wedge breakouts result in a move toward the upper trendline that makes up the wedge pattern itself. In KAS’ case, this points to an eventual price target around $0.14 in the coming weeks or months.</p>
<p>For context, KAS hit its all-time high of around $0.14 a few weeks ago before declining with the rest of the crypto market. Reclaiming its former high would represent a greater than 19% gain from current levels.</p>
<h2 class="wp-block-heading" id="patience-is-key-in-crypto-investing">Patience is Key in Crypto Investing</h2>
<p><a href="https://twitter.com/PodgeCrypto/status/1740686904494813350?t=eU9NaFSqD5UZx-amrFpkow&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Veteran crypto investor @PodgeCrypto</a> also provided some trading wisdom around falling for “green candle” price spikes and having patience with long-term holdings like KAS. As he states:</p>
<blockquote class="wp-block-quote">
 <p>“Chasing green candles will get you #rekt. But just have patience. $kas is in its infancy and is just getting started.”</p>
</blockquote>
<p>Rather than actively trading, he suggests utilizing dollar-cost averaging and letting undervalued investments like KAS grow over an extended investment timeframe.</p>
<p>This balanced perspective helps ground overly excited price action in fundamentals – KAS still appears significantly undervalued relative to Kaspa’s ambitious roadmap. But decisive technical breakouts like today’s are what can ignite sustained momentum in crypto.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-targets-this-level-as-price-breaks-key-resistance-how-to-trade-kas-effectively/" rel="noopener noreferrer nofollow">Kaspa Targets This Level as Price Breaks Key Resistance: How to Trade KAS Effectively</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Targets This Level as Price Breaks Key Resistance: How to Trade KAS Effectively

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