Kaspa (KAS) and Bittensor (TAO) at Decision Points – Will They Break Out?

Date: Sat, April 19, 2025 | 12:26 PM GMT

In the cryptocurrency market, two leading altcoins, Kaspa (KAS) and Bittensor (TAO), are gaining attention after a noticeable weekly surge, following major declines earlier this year. The current technical setup suggests both tokens are approaching a critical decision point that could determine their next significant move.

Source: Coinmarketcap

Kaspa (KAS)

KAS had a brutal drawdown, shedding over 72% of its value since its December high around $0.19, bottoming out at $0.052 in early April. But that low proved to be significant. Buyers stepped in with conviction, triggering a bounce that pushed KAS back to $0.077, just under the wedge resistance.

Kaspa (KAS) Daily Chart/Coinsprobe (Source: Tradingview)

Technically, KAS has now cleared the 50-day moving average (50 MA) — a positive sign for near-term momentum. The next hurdle is the upper boundary of the wedge, which also coincides with dynamic resistance. A breakout and successful retest of this zone could open the door to a move toward the 100-day MA at $0.092, and potentially even to the next resistance around $0.1160 — a +50% move from current levels.

Bittensor (TAO)

TAO mirrors a nearly identical story. After topping out near $744, it plunged over 78% to a low of $167, also in early April. Like KAS, TAO found demand right at the wedge base, rebounding sharply to its current level around $276.

Bittensor (TAO) Daily Chart/Coinsprobe (Source: Tradingview)

The recovery has been strong enough to reclaim the 50 MA, and price action is now knocking on the door of the wedge resistance line. A clean breakout could see TAO reclaim its 100 MA near $328, and if bullish momentum holds, there’s room for a push toward $525 — a 92% upside potential from here.

What’s Ahead?

Both Kaspa (KAS) and Bittensor (TAO) are at clear decision points, coiling tightly at the upper boundary of their falling wedge patterns. These are classic breakout zones — and if the price pushes above with strong confirmation, it could trigger a swift rally toward their respective resistance levels around $0.1160 for KAS and $525 for TAO.

However, breakout failures are always a risk in these patterns. If momentum stalls or volume dries up, both tokens could reverse course, slipping back toward the wedge support trendlines — potentially retesting their recent lows.

In short, the next few candles are critical. A breakout could open the floodgates for a larger trend reversal — but a rejection here may keep the downtrend in play a little longer. Keep an eye on volume and confirmation signals.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.