Just saw Javon Marks drop a pretty interesting Kaspa call. The guy doesn't usually talk about KAS - he's more of a Bitcoin and XRP guy - so when he posts about an altcoin, it's worth paying attention. He's flagging a textbook falling wedge breakout on the multi-year chart. KAS has been getting squeezed between two downward lines since the 2024 peak, and apparently just broke above the upper trendline. His target is sitting near $0.09, which from the current $0.03 would be almost 200 percent. That's a pretty bold call, but the setup looks clean on the charts. The wedge math checks out - he measured the widest part and projected it from the breakout point. Standard stuff for chart traders. What's interesting is that Javon Marks isn't calling for some straight shot to $0.09. He's saying this could be early stages of a major reversal, which means we need confirmation. A weekly close above the broken trendline would be key. If it holds, then $0.05 and $0.09 become real targets. If it fails and price falls back into the wedge, the setup dies. KAS has been brutal lately - down over 70 percent from highs and even worse against Bitcoin. The community is solid though, and they believe in the blockDAG tech. If this crypto analyst is right and the worst is behind, then we might actually see some life come back to it. For now, traders should just watch that weekly close. One of the sharper chart readers in crypto just put Kaspa back on the radar after a long stretch of nothing.

KAS-1.55%
BTC0.52%
XRP0.35%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin