KASUSD has one of the most organic charts in crypto currently. As I've stated before, its no surprise when you consider it had a fair launch, with limited marketing (therefore it hasn't drawn in social media moon bois that will pump it and dump it), and, so far, no major tier-one exchange listings. This reduces the risk of exposure to 'market makers' and manipulation by exchanges. It has lead to KAS being claimed to be, along with BTC, one of the few cryptos to follow the power law. Check out charts.bitbo.io/long-term-power-law/ and kasping.streamlit.app/ to see power law corridors for both tokens.
In its relatively short life, it has repeated basic technical patterns time and time again. It now looks to be doing the same again; after breaking out of a bull flag, creating a consolidation area and dropping back down into said area, it then bounced off a long term ascending logarithmic channel showing 0.786 Fibonacci convergence (green circle). That ascending channel goes almost all the way back to its inception, with KAS sticking to it religiously since May last year. If it repeats a similar move to the one shown in Sep '23 we could see $0.45 region around the time of the BTC halving.
It must be noted, I have seen more and more technical analysis stating that KAS needs a much bigger retracement down to the $0.09 area before a parabolic move up. That would require it breaking out of the ascending logarithmic channel it has been loyal to since May '23. If it does that, it's likely more closely following the power law and guidance would come from the rainbow chart available at the streamlit link above (for instance, according to the power law, it won't hit a fair value of $0.45 until September '24, although this is the fair value, so it could reach an instantaneous value of $0.45 before then and still obey the power law). Additionally, with this being KAS's first bull run, I wouldn't be surprised to see it far exceed the currently estimated power law fair value at times, and skew the fair value higher.
In its relatively short life, it has repeated basic technical patterns time and time again. It now looks to be doing the same again; after breaking out of a bull flag, creating a consolidation area and dropping back down into said area, it then bounced off a long term ascending logarithmic channel showing 0.786 Fibonacci convergence (green circle). That ascending channel goes almost all the way back to its inception, with KAS sticking to it religiously since May last year. If it repeats a similar move to the one shown in Sep '23 we could see $0.45 region around the time of the BTC halving.
It must be noted, I have seen more and more technical analysis stating that KAS needs a much bigger retracement down to the $0.09 area before a parabolic move up. That would require it breaking out of the ascending logarithmic channel it has been loyal to since May '23. If it does that, it's likely more closely following the power law and guidance would come from the rainbow chart available at the streamlit link above (for instance, according to the power law, it won't hit a fair value of $0.45 until September '24, although this is the fair value, so it could reach an instantaneous value of $0.45 before then and still obey the power law). Additionally, with this being KAS's first bull run, I wouldn't be surprised to see it far exceed the currently estimated power law fair value at times, and skew the fair value higher.