Kaspa Targets $0.0743 as Bullish Divergence Triggers Higher Highs
Kaspa's price has printed a strong bullish divergence at its lows, triggering a higher highs and higher lows structure, according to trader @CryptoMichNL. This development suggests that as long as the price clears the recent high, continuation of this trend is likely.
The trader flags $0.0743 as the next measured target for Kaspa's price, but notes that there may be a brief consolidation above the 50-EMA before any extension toward this objective. Currently, the price sits at exactly $0.04 on the EMA50 while the EMA200 anchors the broader bullish trend at $0.03.
The RSI(14) remains neutral at 49.89, and the MACD registers a death cross at zero. However, the pair trades inside the Bollinger Bands with both bands also at $0.04, indicating volatility compression rather than exhaustion.