Why Is Kaspa Pumping Now? Analyst Updates His KAS Price Prediction

Kaspa (KAS) is on the move again – and this time, the breakout looks serious.Over the weekend, crypto analyst Jim (@Ski_Bum) shared a bullish chart update on X, showing Kaspa breaking out of a long-term downtrend. The post quickly gained traction, especially as KAS surged nearly 17% on the day. According to Jim’s chart, Kaspa has officially exited a descending channel and could now be heading into price discovery mode.But this pump isn’t just technical – it’s being fueled by something much bigger.What the Chart Is Telling UsJim’s chart, posted on a 3-day timeframe, shows Kaspa tagging a key order block around $0.05, bouncing hard, and then breaking above the upper resistance of a falling channel. This “tag and go” move is often a signal of institutional accumulation or strong bullish intent.Now that the KAS price has cleared the channel, it’s eyeing the $0.15 zone, and potentially even higher. Jim notes that in the last major run, the 4.236 Fib extension landed around $0.14 – and Kaspa nearly hit $0.20 at peak FOMO. This time around, the same Fib extension points to $0.70, and Jim speculates that if the hype continues, $1.00 isn’t out of the question.Source: X/@skibumtradingThe Real Driver: Kaspa’s Crescendo UpgradeThe technical breakout aligns perfectly with a major fundamental upgrade. Kaspa’s “Crescendo” hard fork went live in early May, and it’s a big deal.The upgrade increased Kaspa’s block speed from 1 to 10 blocks per second (BPS).It leverages the GHOSTDAG protocol, which allows for parallel block processing – making the network not just faster, but massively scalable.With this change, Kaspa is now up to 6,000 times faster than Bitcoin in terms of raw block output.This kind of scalability – achieved without sacrificing decentralization – has drawn serious attention from both miners and investors. The price pump we’re seeing now isn’t just hype; it’s backed by a real technological leap forward.Read also: Why Kaspa (KAS) Price Dropped 75% From All-Time HighWhat’s Next for the Kaspa Price?With KAS trading above $0.12 at the time of writing, momentum is clearly back on its side. If the broader market stays risk-on, and if Crescendo continues to deliver as promised, the $0.15 level could fall quickly. From there, all eyes will be on whether it can hit the speculative targets floating around social media – $0.20, $0.50, even $1.00.But as always, it’s smart to watch for consolidation after a sharp move like this. The breakout is real – now the market needs to hold the gains.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Why Is Kaspa Pumping Now? Analyst Updates His KAS Price Prediction appeared first on CaptainAltcoin.