Kaspa [KAS] is garnering widespread attention from crypto enthusiasts due to its impressive performance. The asset has not only gained amid the broader market recovery but has also broken a key hurdle. This signals that a massive upside rally may be on the horizon.
According to CoinMarketCap data, KAS has climbed over 11.50% in the past 24 hours and was trading at $0.03609 at press time. Additionally, market participation has seen a significant increase. This was reflected in trading volume, which surged by more than 130% to $36.88 million.
Rising trading volume shows heightened participation from traders and investors during the price recovery and suggests that market participants are increasingly interested in the current trend.
Kaspa price action and technical analysis
AMBCrypto’s daily chart analysis shows KAS turning bullish and primed for a major rally. With the recent upside move, the asset has broken out of a key resistance level of $0.035. A level that it had been facing since the 1st of February 2026.
If KAS closes a daily candle above this key level, it could see a price jump of 51% and may reach the $0.055 level. However, $0.040 appears to be a key resistance level that could act as a hurdle for the asset in its upcoming rally.
Despite the bullish breakout, the technical indicator Relative Strength Index (RSI) has reached 72.02 at the time of writing. This indicates that the asset is in overbought territory, suggesting that the asset might see a potential correction before the next leg up.
Meanwhile, the Average Directional Index (ADX), which measures trend strength, stood at 19.77, below the key threshold of 25, indicating weak directional momentum in the asset.
KAS sees mixed sentiment among market participants
In addition to the price action, CoinGlass reveals that both investors and traders have mixed sentiment, as short-term participants are following the trend while long-term holders appear to be booking profits.
Data shows that $0.0319 on the lower side (support) and $0.0358 on the upper side (resistance) are two major levels where traders are overleveraged. In fact, traders at these levels have built $1.02 million in long leveraged positions and $177.6K in short leveraged positions.
However, these positions could be liquidated if the KAS price moves in either direction. Based on this data, it appears that bulls are dominating the asset, while sellers’ interest seems to be fading.
Meanwhile, data on KAS spot inflows/outflows shows that over the past 48 hours, a massive $1.22 million worth of the asset has flowed into exchanges. The movement of assets from wallets to exchanges typically indicates that long-term holders may be preparing for a sell-off. This sign is considered a bearish sign for the asset.
Final Summary
- With an 11.50% price jump, Kaspa has broken out of a key resistance level.
- Derivatives data indicate that short-term participants are following the trend, while long-term holders appear to be showing fading interest.
Chandan Gupta
JournalistChandan Gupta is is a seasoned crypto analyst with over four years of experience in market research and trading. He specializes in simplifying complex on-chain data to uncover the strategies of crypto whales and major market participants. Alongside on-chain analysis, he breaks down price charts and liquidity movements to deliver clear, actionable insights.
