Prominent crypto analysts are expressing optimism for Kaspa (KAS), a decentralized and scalable blockchain platform. In a series of posts on X, experts shared their views on the coin's recent price movement and projected significant gains in the coming weeks and months.

Analyst Jim S𐤊i ₿um, known as @Cryptographur on X, believes KAS is holding the crucial 20-week simple moving average (SMA), which he sees as a positive sign, increasing his confidence in the coin's continued upward momentum in the near term. He emphasized the significance of the recent price consolidation, stating that the next move could be substantial, considering the shallow and prolonged accumulation phase.

Breakout Targets Suggest Substantial Gains

Analyst Crypto_X100_Hunter (@Defaultplayer13) conducted a detailed technical analysis of KAS's weekly chart. They noted a recent breakout from a triangle pattern, with the coin currently trading around $0.133. For the immediate move, Crypto_X100_Hunter set a target range of $0.24 to $0.28, representing a potential upside of approximately 80% to 110% from the current price levels. Looking further ahead, the analyst outlined a conservative long-term target of $1.00 to $3.60 for KAS, taking into account factors such as increased integration, hype, and potential fear of missing out (FOMO) among investors.

Market Sentiment Fueling Optimism

The bullish outlooks from these seasoned analysts come amid a broader resurgence in market sentiment for cryptocurrencies. As mainstream adoption continues to grow and regulatory clarity emerges, many investors are seeking out promising projects with robust fundamentals and innovative technologies. Kaspa's scalable and decentralized blockchain architecture, combined with its recent price action, appears to have captured the attention of the analyst community, fueling optimism for the coin's future performance.