Kaspa has just completed a weekly close outside the range of its long-standing falling wedge formation. This breakout, although subtle, is supported by a slight bullish divergence forming on the weekly RSI, a potential early signal of trend reversal.
Key support now sits at the $0.070–$0.072 range. Holding this level in the coming weeks will be crucial to confirm the breakout and avoid a false move.
If price can maintain above this support, the next key objective is a reclaim of the $0.10 area. This level acted as a significant breakdown point and must be flipped into support for broader momentum to build.
No rush. Confirmation through structure and volume is more important than early entry. A weekly close above $0.10 with strong follow-through would change the mid-term outlook entirely.
Structure is improving. Now it’s about holding support and following through.
