Kaspa Surges 4.22% Amid Bullish Chart Setup

Kaspa (KAS) is up by 4.22% in the past 24 hours, outperforming Bitcoin's 1.19% gain, with a current price of $0.0265.

The rise is attributed to a technical bounce after a prolonged downtrend and growing bullish discussions around the chart setup, with traders watching the $0.0278 level that lines up with the 30-day simple moving average.

If KAS breaks above $0.0278 with strong volume, the next upside targets are $0.088 and $0.15, however, if it fails to break this level, it could fall back toward the recent swing low around $0.0256.