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Altcoins to Watch in May
Kaspa (KAS) Forming a Long-Term Descending Wedge
Kaspa (KAS) has significantly pulled back from its 2024 peak of $0.20 and is currently trading around $0.0325. On the weekly chart, a maturing descending wedge pattern that has been compressing the price since late 2024 is evident.
Often, falling wedge formations break upwards, and a confirmed breakout would target $0.054 first, then $0.075. The main support is at the $0.030 level, where the price has held since January 2026.
Weekly trading volume is narrowing, and bars indicating consistently low volatility are seen in BBWP. The Relative Strength Index (RSI) has moved above the descending trendline, and KAS is now testing this line as new support.
Mainnet activation is planned between June 5-20, 2026. This update brings: native KRC-20 tokens, programmable covenants, and zero-knowledge verification at the base layer.
Pre-fork accumulation often acts as a trigger for price movement before such developments. Therefore, May stands out as the clearest window of opportunity before price movement occurs.
$KAS