Date: Wed, Sept 17, 2025 | 07:20 AM GMT
The cryptocurrency market is showing a slight resilience ahead of the much-awaited US Federal Reserve meeting today, with Bitcoin (BTC) reclaiming the $117K mark after a 1% jump at the time of writing. Alongside Bitcoin, several altcoins and memecoins are flashing bullish setups — including Kaspa (KAS).
KAS is currently trading in green with modest gains, but the chart reveals a far more significant technical development: the token has confirmed a breakout from a falling wedge pattern and is now holding its retest — a setup that often paves the way for a strong upside continuation.
Retests Falling Wedge Breakout
For weeks, KAS had been consolidating inside a falling wedge, a bullish reversal pattern that typically precedes strong rallies. The token managed to find firm support around $0.080 before bouncing back.
This rebound pushed KAS through the wedge’s descending resistance, confirming a breakout around $0.084. Following that move, the price rallied toward $0.09104, where sellers stepped in to cap gains.
As expected after a breakout, KAS then pulled back to retest the trendline support, dipping near $0.08161. This level attracted renewed buying pressure, which quickly lifted the price back to around $0.08668 — showing that bulls are defending the breakout zone.
What’s Next for KAS?
The setup remains constructive, but the real test lies ahead. If KAS can clear the $0.09104 local high, bullish momentum could accelerate. A breakout above this level would open the path toward the wedge’s measured move target at $0.12680, marking a strong potential rally from current prices.
On the flip side, if the token slips below the breakout support, it could signal a fake breakout and delay the bullish outlook. Until then, traders are closely watching whether the bulls can build on this retest and push KAS toward higher levels.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.