In today's crypto market, several altcoins are showing signs of recovery, with Kaspa (KAS) in the spotlight after a notable surge.
Listing Announcement
The surge comes after Coinbase announced Kaspa (KAS) and Spx6900 listing on Coinbase International Exchange and Coinbase Advanced. Trading is set to start on February 20, 2025.
Is a Recovery Ahead?
Kaspa has been consolidating within a descending broadening wedge after being rejected at $0.19 in December 2024. The recent bounce from the lower wedge support has powered a recovery. Currently, KAS trades at $0.1040, with potential to reach $0.1250. A breakout above could justify a rise to $0.1563 and $0.19.
Full Technical Analysis
The MACD indicator signals a bullish crossover, indicating strengthening buying. If the trend holds, further strengthening of KAS is expected.
With the upcoming Coinbase listing and favorable technical indicators, Kaspa (KAS) could be gearing up for a strong recovery.