- Kaspa price is up 10% in 24 hours as Kaspa mirrors gains across other altcoins.
- The cryptocurrency is also climbing after a double-bottom bounce with support near $0.05.
- Bulls could break resistance around $0.12 and target the $0.18–$0.20 supply zone.
Kaspa’s price has risen about 10% over the last 24 hours, reaching an intraday high of $0.105.
This push has contributed to weekly gains exceeding 18% as Kaspa rides bullish momentum alongside top cryptocurrencies such as Ethereum, XRP and Solana, which are posting notable advances.
BNB has surged close to its all-time high and is being discussed as potentially reaching $1,000 by some market observers.
As these leading altcoins approach key technical levels, Kaspa’s upward momentum is drawing increased attention. Both market dynamics and upcoming network developments suggest the bulls may not be finished yet.
Why is Kaspa rising today?
Kaspa’s price increase aligns with a broader, healthy altcoin market.
ETH, XRP, SOL and BNB are all moving toward critical resistance zones or all-time highs, which creates broader buy-side pressure that often lifts smaller-cap tokens.
However, Kaspa’s rally is not explained solely by market-wide optimism.
A major catalyst is growing anticipation around the Kasplex mainnet, a significant step for the Kaspa ecosystem, which is known for its high-speed proof-of-work blockDAG architecture.
The public testnet for Kasplex Layer 2, called Kasplex zkEVM, has officially launched, marking a key milestone on Kaspa’s roadmap.
This fully Ethereum Virtual Machine (EVM)-compatible rollup leverages Kaspa’s Layer 1 for decentralized sequencing and data availability.
Kasplex zkEVM offers several notable features. Full EVM equivalence allows developers to deploy Ethereum-native smart contracts with minimal modification.
With bridged KAS as the native testnet token, the protocol also supports integration with standard EVM wallets like MetaMask.
Additionally, the testnet includes a live faucet, an explorer and expanding developer tools, fostering an environment for building decentralized applications (dApps) and smart contracts on Kaspa.
This development positions Kaspa as a unique proof-of-work blockchain that can support Layer 2 smart contract functionality.
The perceived growth potential has driven increased interest in the KAS token, contributing to the recent price appreciation.
KAS price: technical outlook
From a technical standpoint, Kaspa’s price action is showing bullish signals. KAS has formed a double-bottom pattern, a classic reversal formation.
That pattern highlights strong support in the $0.05–$0.06 area.
Kaspa price chart from TradingView
This bounce has pushed the price toward a key resistance level near $0.12.
According to the weekly chart outlook, a decisive break above this level could open the door for buyers to target $0.18–$0.20.
That zone may act as a significant supply area, aligned with previous highs seen in July and December 2024.