- Kaspa (KAS) is forming a Bearish Butterfly harmonic pattern on the daily chart, which despite its name often delivers bullish continuation during the CD leg when heading into the Potential Reversal Zone.
- KAS is currently trading around $0.0812 after recovering from the C-point near $0.0728, with the 200-day moving average at $0.0860 acting as key resistance.
- A decisive breakout above the 200-day moving average could flip it into support and boost bullish sentiment for further upside.
- If bulls defend the C-point support at $0.0728, KAS could rally toward the PRZ between $0.1508 and $0.1755, representing the Butterfly pattern completion zone.
Date: Mon, Sept 08, 2025 | 05:20 AM GMT
The cryptocurrency market is showing notable strength, with Ethereum (ETH) holding resilience around the $4,300 mark after retreating from its recent peak of $4,953. Following this stability, several major altcoins are beginning to show signs of upside potential — including Kaspa (KAS).
KAS is back in the green today, and more importantly, its latest chart structure suggests that more upside could be on the horizon.
Source: Coinmarketcap
Harmonic Pattern Hints at Potential Upside
On the daily chart, KAS is forming a Bearish Butterfly harmonic pattern. Despite its name, this setup often delivers a bullish continuation during the CD leg, especially when price action heads into the Potential Reversal Zone (PRZ).
The structure started at point X ($0.1315), dipped to A, rallied to B, and then retraced to C near $0.0728. From there, KAS has started recovering, now trading around $0.0812, though it remains in the early stages of confirming a bullish leg higher.
Kaspa (KAS) Daily Chart/Coinsprobe (Source: Tradingview)
A key factor to watch is the 200-day moving average ($0.0860), which currently acts as resistance. A decisive breakout and close above this level could flip it into support, further boosting bullish sentiment.
What’s Next for KAS?
If bulls manage to defend the C-point support at $0.0728 and sustain momentum, KAS could rally toward the PRZ between $0.1508 (1.272 Fibonacci extension) and $0.1755 (1.618 extension). These levels align with the Butterfly completion zone and serve as key upside targets in the short term.
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