Kaspa Price Stays Strong as Sell-Off Fears Fade: Is a New Rally Starting?

Kaspa (KAS) is once again showing early signs of strength in the market, and crypto analyst Dark Knight believes it’s gearing up for another strong move. In his latest 1-day chart update, he points out that KAS is already up around 130% from the local bottom and still holding firm. Despite a heavy wave of selling volume recently, the price didn’t fall apart or react with wild swings. That kind of steady behavior often signals a healthy trend and strong market structure.Kaspa Price Holds Strong Above Key LevelsFrom the chart shared by Dark Knight, we can see that KAS price is currently trading at around $0.123. It recently pushed above the 200-day simple moving average (SMA), a level that often acts as a long-term resistance, and now sits right at the 0.5 Fibonacci retracement level at $0.12179. Staying above this level keeps the bullish momentum alive. The 50-day SMA is also trending upwards below the price, showing that short-term momentum is in favor of the bulls too.Source: Dark Knight / XThe most important support zone right now is between $0.105 and $0.106. This is where the 0.618 Fibonacci level sits, and it also lines up with a previous resistance that has flipped into support. That kind of S/R flip is usually a strong signal that the trend has changed. If KAS stays above this zone, it’s likely to continue pushing higher.Below that, the $0.082 zone marks deeper support around the 0.786 retracement, and the $0.053 level is the major base support. But unless something drastic changes, Kaspa price isn’t looking like it wants to revisit those levels anytime soon.Could a Fresh Rally Be Next for KAS?According to Dark Knight, one of the most promising signs is the ADX reading, which is sitting close to 40. That’s a sign of a strong and sustained trend. Even if Kaspa consolidates for a short while or dips slightly, the bigger picture still points to further upside.Looking ahead, $0.138 is the key resistance to watch. This zone previously acted as a barrier and could be tested again soon. If KAS breaks above that, then the $0.158 and $0.178 zones are the next potential targets. These also match up with the 0.382 and 0.236 Fibonacci levels, so it’s not just random noise. These are actual levels that traders are watching closely.Read Also: Here’s Why Kaspa (KAS) Price Is Going to $1 Soon, Expert ClaimsWhat stands out in Dark Knight’s analysis is his confidence in the current structure of KAS. He points out that despite the recent sell pressure, Kaspa price remained stable and didn’t panic. That’s typically the behavior of a coin gearing up for another move, not one about to collapse.So while short-term traders might see some sideways action or a mild correction, the bigger trend still looks bullish. Kaspa is proving once again why it’s often one of the first movers in the market cycle. Keep an eye on the $0.121 and $0.138 zones. if those hold or break respectively, this rally might just be getting started.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Kaspa Price Stays Strong as Sell-Off Fears Fade: Is a New Rally Starting? appeared first on CaptainAltcoin.