Date: Thu, July 24, 2025 | 06:57 AM GMT
The cryptocurrency market is taking a sharp dip after a strong multi-week rally, with Ethereum (ETH) retreating to $3,540 from a recent high of $3,875 — a 4% daily drop. This pullback has weighed on major altcoins, including Kaspa (KAS).
KAS has slipped 13% today, trimming its monthly gains to 26%. But beneath the short-term dip, a potentially bullish fractal pattern is emerging — one that closely mirrors the breakout setup recently seen in SEI.
KAS Mirrors SEI’s Breakout Setup
A side-by-side look at KAS and SEI’s daily charts highlights a strikingly similar trajectory.
After breaking out from a textbook falling wedge — a classic bullish reversal structure — SEI reclaimed its 200-day moving average. This acted as a launchpad for a sharp rally, followed by a 25% correction within its yellow consolidation zone, before rebounding off the 200-day MA for another explosive 56% upside move.
Now, KAS seems to be tracing the same pattern.
Like SEI, KAS has broken out of its falling wedge, pumped into the yellow zone after reclaiming the 200-day MA, and is now undergoing a correction toward that same 200-day MA support near $0.09233. This phase is identical to where SEI found its footing before resuming its uptrend, suggesting KAS could be preparing for a similar bounceback.
What’s Next for KAS?
If this fractal continues to unfold, KAS could dip further toward its 200-day MA support at $0.09233 before a potential rebound. A breakout above the yellow resistance zone could then trigger its next leg higher, with a possible target around $0.14 — roughly a 50% rally from the current 200-day support level.
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