March has been a volatile month for Kaspa, which faced a 20% drop, and expectations for Q2 are high. Understanding current trends and the impact of Crescendo upgrade is essential.
Kaspa Technical Analysis for March
Kaspa had a mixed month. The Relative Strength Index (RSI) stands at a neutral 50.427, indicating no overbought or oversold conditions. MACD is at 0.016 displaying minimal bullish momentum. The Commodity Channel Index (CCI) exceeds +100 at 205.1374, possibly preceding a consolidation phase. Highs/Lows indicator at -0.045 indicates downward pressure. Ultimate Oscillator reads 40.209 suggesting moderate bearish pressure. Rate of Change (ROC) at -35.539 signals significant price decline.
Crescendo Upgrade: What to Expect?
The upcoming Crescendo upgrade for Kaspa network aims to enhance its capabilities. Testing began on March 6, 2025, with mainnet transition expected late April or early May. The upgrade should gradually increase block speed with network stability in mind. All planned stages completed on schedule ahead of the DAA score 110165000 expected around May 5, 2025.
Kaspa Price Prediction for April
A bearish scenario may see Kaspa retesting March lows around $0.060 if indicators like the negative ROC prevail. In a bullish scenario, neutral RSI and anticipation of the upgrade might attract new investors. Kaspa could reclaim $0.075 or even reach upwards of $0.080-0.085 by end of April with a favorable market.
Kaspa's market remains influenced by multiple factors, including the upcoming Crescendo upgrade amidst broader market conditions. While technical indicators show mixed signals, growth potential remains should positive news emerge and the wider market stabilizes.
