Date: Thu, April 10, 2025 | 10:06 AM GMT
The cryptocurrency market has faced a sharp correction phase, where Ethereum (ETH) itself recorded its worst Q1 decline since 2018 — plummeting by a staggering 52% this year. This widespread weakness has weighed heavily on altcoins, triggering sharp drops and investor concerns across the board.
Among those hit hard is Kaspa (KAS), which has shed 41% of its value since the start of 2025. But the crypto market is bouncing back following U.S. President Trump’s surprise announcement of a 90-day pause on tariffs — sending markets higher and pushing Kaspa up over 8% in just the past 24 hours.
And now, Kaspa’s chart is starting to look eerily similar to Chainlink’s (LINK) before it exploded in late 2024.
Kaspa (KAS) Chart Mirrors LINK’s Past Price Behavior
Zooming out to the weekly timeframe, both tokens formed a head-and-shoulders pattern during their downtrends — a typical reversal signal when followed by strong support and a bounce.
In Chainlink’s case, the price found solid footing at around $8.50 in the gray demand zone, before launching into a 200%+ rally which took it to $30 within weeks. That explosive move was backed by a bullish MACD crossover and reclaiming the 50-week moving average — all signs that sentiment had shifted dramatically.
Similarly, Kaspa has just bounced from a key support at $0.052, right inside its own gray demand zone. It has now reclaimed the $0.066 area, and just like LINK, its MACD is showing a bullish crossover below the zero line — a strong reversal signal. The technical structure between the two charts is strikingly similar.
Adding to the bullish outlook, a move above the 50-day moving average (currently near $0.107) could further validate the trend reversal and open the doors for more upside possibilities. This would confirm strength returning to Kaspa and attract more technical buyers into the mix.
What’s Next for Kaspa (KAS)?
Of course, no pattern is ever guaranteed to repeat perfectly, but crypto has seen many historical rhymes like this. If Kaspa continues to follow LINK’s footsteps, a breakout above the $0.10–$0.11 resistance zone could open the doors for a major rally — potentially taking it toward $0.15 and beyond in the coming weeks.
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