Kaspa price has been on an impressive run lately, even as many other altcoins have struggled. Over the past two weeks, KAS price jumped by more than 50%, climbing from around $0.058 to over $0.092. This move has sparked fresh optimism that Kaspa could reach much higher levels during this cycle — possibly even $3.5.

One of the more bullish voices in the community is X user @bysiyakat (MoralBalance), who believes a $3.5 price target is “definitely possible.” His confidence is based on long-term technical patterns and momentum shifts visible on the monthly chart.

Let’s break down the chart analysis shared by MoralBalance.

The chart he referenced is a monthly timeframe — this kind of chart helps reveal bigger picture trends. Kaspa has been respecting an ascending parallel channel since 2022. The price consistently bounced between the channel’s boundaries, and even broke above the midline multiple times during bullish waves in 2023 and 2024.

However, after peaking in 2024, KAS fell back down and is now testing the lower boundary of that same channel. This zone is a major decision point — if the price holds here and starts pushing upward, it could signal a fresh rally. If it breaks below, though, the long-term trend might be in danger.

A key technical factor is the EMA21, shown as a blue line on the chart. Kaspa recently dipped below it, which is often considered bearish on longer timeframes. But the current candle is testing a move back above it — if successful, it would suggest that the drop was just a fakeout and a reversal is underway.

The analyst is targeting October 1st, 2025 on the chart as a possible breakout point — maybe because it lines up with a predicted cycle top or a fundamental event. Interestingly, if KAS continues respecting the ascending channel and regains momentum, the top of that channel aligns with the $3.5–$4.0 range.

So, is $3.5 realistic? Technically, yes. But it depends on Kaspa reclaiming key support levels and volume kicking in over the coming months. This is a high-risk, high-reward setup.

Another popular analyst, @Derek_Eco_Mind, pointed out how Kaspa quietly surged nearly 49% in just 15 days. His argument? This isn’t hype — it’s a reflection of real, under-the-radar development happening behind the scenes.

Here’s a clearer look at the tech upgrades and news fueling this rally:

Crescendo Upgrade (May 5, 2025)
Kaspa is boosting its speed from 1 to 10 blocks per second. This is a huge jump in throughput and confirms the project’s focus on scalability without sacrificing decentralization. The hard fork, known as Crescendo, is set to go live in early May and could act as a catalyst for the next price leg up.

Based Rollup on PoW
Kaspa is pioneering the first ZK-based rollup on a proof-of-work blockchain — a big deal in the Layer 2 space. It opens the door to decentralized apps that can leverage Kaspa’s security and MEV resistance, making it attractive to builders looking for alternatives to Ethereum.

EVM-Compatible Smart Contracts
The network is developing full compatibility with Ethereum smart contracts. This means developers will be able to use familiar tools and deploy on Kaspa, potentially unlocking a new wave of DeFi, NFT, and gaming apps.

Trending on CoinMarketCap — and Binance Tease
Kaspa is trending on CoinMarketCap, signaling strong retail interest. At the same time, the community has spotted subtle hints suggesting Kaspa could be listed on Binance, the world’s largest crypto exchange. A Binance listing would bring massive exposure and could push KAS to new highs.

Read Also: How High Can JasmyCoin (JASMY) Spike When Bitcoin Hits $150K?

The stars are aligning for Kaspa — but it still has work to do. The $3.5 price target by October isn’t guaranteed, but it’s far from impossible. The technical structure supports a big move if Kaspa reclaims the EMA21 and maintains its position within the ascending channel.

With the Crescendo upgrade, EVM compatibility, and a growing community behind it, Kaspa is one of the few altcoins that appears to be doing something different — and getting noticed for it.

If this bounce holds, the journey to $3.5 may have just begun.

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The post Why $3.50 Could Mark the Bull Run Peak for Kaspa: Timeline and Triggers Revealed appeared first on CaptainAltcoin.

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