The cryptocurrency market is showing signs of recovery as geopolitical tensions ease. Ethereum is testing new levels while Kaspa shows signs of growth.
Overall Recovery in Cryptocurrency Market
The cryptocurrency market is displaying strong signs of recovery amid easing tensions between Israel and Iran. Ethereum (ETH) has surged sharply from a recent low of $2,113 and is now trading above $2,475. Altcoins are also showing positive movement.
Kaspa and Its Fractal Structure
Kaspa (KAS) is back on track with notable gains. Current KAS movements mirror SEI's recent breakout, based on a similar technical structure. KAS is forming a falling wedge while sitting just below its 100-day moving average.
Future Prospects for KAS
If the current KAS movement continues, a significant breakout may be on the horizon. A close above resistance and the 100-day moving average could confirm the pattern, which may lead to a price rally towards the $0.11–$0.13 range.
The cryptocurrency market is recovering, opening new opportunities for investors and traders. Kaspa shows potential for significant growth, making it an interesting watch.
