Kaspa (KAS) Price Prediction: The daily chart shows a "bullish buy" signal again, can it reach $0.12 in July?

Kaspa (KAS) reported at 0.0880 USD in the Asian early session today (14), coming close to the 0.0900 USD threshold. As of Sunday, this bullish momentum is igniting new interest in the entire Crypto Assets community, especially after a key signal has reappeared on the daily chart — a signal that previously indicated a 50% pump.

Crypto analyst GoonBoyCrypto shared a post, pointing out: "The last time the KAS daily chart showed a bullish buy signal, we pumped 50%. I expect it to rise to $0.12 next month, and we'll take another look at the end of July to see how the current stock price trend is."

Let's analyze the chart he shared and its impact on the price trend of KAS at the end of July and the end of August.

KAS daily chart shows a "bullish buy" signal again

The chart from GoonBoyCrypto shows the trend of KAS on the daily chart, where multiple indicators converge, suggesting a potential bullish reversal. Here are some key points to pay attention to:

1. Price Structure: After a significant drop in June, KAS has formed a local bottom around $0.07 and is currently making higher lows. This could indicate a shift in market structure from bearish to bullish;

2. EMA bands and bands: The price is attempting to recover the 0.618 Fibonacci retracement level, which is between $0.0845 and $0.0855. This area is usually an important decision point in the cryptocurrency market. If it can break through thoroughly and close above this level, it may accelerate the pump to the next resistance level of $0.09, ultimately reaching $0.10;

3. Focus Area: The pink area in the upper half of the chart (around $0.11-0.12) has previously formed resistance levels at the end of May and the beginning of June. GoonBoyCrypto suggests that if the momentum continues, this area will be the next reasonable target.

4. Green Box Signal: This small green box at the lower end of the consolidation area in June represents the "buying zone" or support level retest as perceived by traders. The last similar signal appeared in early May, when KAS pumped over 50%, reaching a local high.

(Source: X, Trading View)

Can KAS reach 0.12 USD in July?

According to the chart, the 0.5 Fibonacci level (approximately 0.0875 USD) is the direct resistance level for a reversal. If KAS can establish support above this level, the next key Fibonacci target is the 0.382 Fibonacci level, located near 0.094 USD. This is close to the high point from June and will be the last hurdle before retesting the major focus area around 0.12 USD.

Despite the current slump in trading volume across the altcoin market, KAS's relative strength and the return of bullish signals are undoubtedly encouraging signs. If history repeats itself, traders may see trends similar to early May—especially if the overall market conditions remain stable or bullish.

GoonBoyCrypto predicts that the price of Bitcoin will reach 0.12 USD by the end of July, which is not without basis. The chart shows that a bullish structure has once again clearly formed, and the buy signals that appeared before the surge in May have re-emerged, further intensifying market speculation.

However, it is worth noting that KAS has strong intraday volatility. A breakout above $0.09 will strengthen the credibility of this bullish argument, but traders should pay attention to strong trading volume and K-line closing prices above that area.