NAIROBI (CoinChapter.com)— Three major cryptocurrencies—Kaspa (KAS), POL, and Bitcoin (BTC)—flashed breakout signals this week as buyers returned across the board. Technical charts show each asset piercing key resistance levels, with bullish momentum building.
Kaspa Exits Downtrend, Targets $0.10 Channel Midline
Kaspa (KAS) climbed over 6% in 24 hours, reaching $0.08915 on Apr. 22. The move followed a decisive breakout from a multi-month descending trendline and into an ascending pitchfork channel.
The breakout came after a steady rejection of lower lows near $0.055. Buyers pushed the token through the $0.084–$0.085 resistance, aided by improving risk sentiment.
Technical confluence came from Fibonacci retracement levels, with the 0.5 and 0.618 zones marked near $0.093 and $0.103. The price now eyes the midline of the pitchfork near $0.10 as a potential magnet.
Volume surged to $111.88 million, up 72.94% over 24 hours, according to CoinMarketCap. The rally helped push Kaspa’s market capitalization to $2.32 billion, putting it just ahead of POL by rank.
RSI printed a reading near 67.26, suggesting momentum still favors the upside but approaching overbought levels.
If bulls maintain pressure, the upper channel trendline near $0.14 could emerge as the next challenge. Failure to hold above $0.084 would risk a drop back into the prior range.
POL Reverses from Falling Wedge, RSI Hits 82
POL (previously Polygon’s MATIC) posted a sharper rally, gaining over 12% in 24 hours to trade at $0.2200 on Apr. 22.
The token completed a breakout from a descending wedge pattern that had capped price action since December 2024. The resistance line was decisively broken over the weekend, with follow-through volume on Binance aiding the push.
Daily RSI soared to 82.26, putting the token deep into overbought territory. While this may limit short-term upside, such breakouts often attract momentum buyers.
CoinMarketCap data showed POL’s market cap at $2.28 billion, just behind Kaspa. Trading volume also jumped over 75% to $154.81 million, suggesting renewed interest.
From a structural perspective, a clean breakout from a falling wedge typically implies a reversal. Traders now look toward $0.28 as the next resistance zone, with $0.25 serving as a psychological hurdle.
Any failure to hold $0.20 could invalidate the bullish setup and drag price back toward $0.18 support.
Bitcoin Reclaims $88K, Flips Resistance into Support
Bitcoin (BTC) also joined the breakout narrative. On Apr. 22, the flagship cryptocurrency rose over 1% to $88,427, reclaiming a key resistance zone near $87,500.
Technical charts from TradingView show BTC breaking out of a falling channel structure. The breakout aligns with a bullish retest of the 0.5 and 0.618 Fibonacci retracement levels, measured from its Nov. 2024 rally bottom near $56,000 to its Jan. 2025 high of $109,558.
The Relative Strength Index printed a neutral 59.98, suggesting room for further upside. The price also flipped its previous daily resistance zone into support, giving bulls added conviction.
The $88K reclaim has traders now eyeing $92,000 and $95,000 as next resistance areas. A move beyond $96,000 would put BTC on course to test its 1.618 Fibonacci extension level near $105,800.
Despite macro uncertainties, Bitcoin’s current structure favors further gains as long as the $85,000–$87,000 zone holds. Failure to do so could open a pullback toward $80,000.
Market Recovery Broadens, but Caution Still Warranted
Kaspa, POL, and Bitcoin all show technical breakouts confirmed by volume and momentum. However, overbought RSI levels on POL and weakening macro data could introduce short-term turbulence.
Still, the overall market sentiment has shifted toward risk-on, with traders rotating capital into altcoins. As long as Bitcoin holds above recent support levels, upside bias remains intact.
Kaspa and POL now offer asymmetric reward setups, but both tokens must hold their breakout levels to confirm trend reversals.
