The reason behind the 54% increase in the price of KASPA (KAS) in one week

TapChiBitcoin
KAS-3,52%
BTC-4,73%

Kaspa (KAS) seems to be charting its own path in the crypto market. Over the past week, this token has increased by about 54%, advancing towards the zone of 0.06 USD — a remarkable increase compared to most large-cap altcoins, which have only recorded gains of around 10%. This positions KAS as the second-best performing coin of the week.

While the total altcoin market is leaning towards an upward trend (TOTAL2 up 6%), the strong rebound of KAS is seen as a clear “divergence” phase, wiping out nearly five weeks of decline in just a few trading sessions.

Reasons for KASPAs price increase of 54% in 1 weekSource: TradingViewHowever, with such a steep upward trend, the crypto market is starting to question: is KAS increasing too quickly, too early? On the daily chart, the RSI indicator has surpassed the 70 level — reflecting strong momentum but also warning of overbought conditions.

At the same time, Coinphoton reported that the accumulation activity of whales continues to support the upward momentum. The KAS/BTC pair surged 40%, indicating that capital is shifting away from Bitcoin in search of profits in Kaspa.

The derivatives market is also in sync with the spot market: the open contracts of KAS have exceeded 70 billion USD, indicating a high leverage level. However, as the price decreased by 2.82% during the day, the question arises whether this altcoin will face a widespread “de-leveraging”.

The momentum of KAS is reinforced by strategic capital flow

In the macro context, the market continues to see new capital flow in, maintaining FOMO sentiment as investors seek assets with strong upward momentum. CoinGlass data shows that over 1 million USD has been withdrawn around the 0.05 USD mark, reflecting active defensive efforts from the buying side.

At the same time, this momentum is linked to the development of the Kaspa ecosystem, especially with the upcoming DAGKnight upgrade — a significant improvement aimed at increasing the speed and scalability of the network. This is seen as an important foundational platform to help KASPA strengthen its upward trend.

Reasons why KASPA (KAS) increased by 54% in 1 weekSource: CoinGlassOverall, the accumulation activity of whales combined with macro capital flows indicates that these are strategic inflows rather than short-term speculation. This helps KAS avoid a strong sell-off despite the rapid increase.

If the upward momentum continues, the 45% increase in Kaspa this week may extend; the daily correction is likely just a mild “cooling off” phase, not a signal marking the beginning of a large-scale leverage decline.

Mr. Giáo

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Will XRP Hold $1.33 or Extend Toward $1.30 Before Rebound?

XRP is currently trading at $1.35, experiencing a 1.3% decline. Key support is at $1.34, while resistance is at $1.40. The price is testing around the Fibonacci levels of $1.33 and $1.30, crucial for potential upward movement or deeper decline.

CryptoNewsLand1h ago

Dogecoin Monthly Breakdown Pattern Reappears as Price Tests $0.0918

Dogecoin is currently trading at $0.09205 at a gain of 2.3, with support of above $0.08878. As can be seen in the monthly chart, there are recurring breakdown areas that have been followed by significant expansions in price. The short-term trading range is narrow and the immediate point o

CryptoNewsLand1h ago

Solana Nears $95 Resistance With $17B Volume Surge

Solana approaches a key resistance level near $95, with increased trading volume and open interest signaling active trader interest. The token is currently at $90.20, facing potential upward movement if it surpasses $95, but may test $85 if rejected.

CryptoFrontNews1h ago

Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off

Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures. Wiping out the ‘War Gains’ Bitcoin’s midweek resilience

Coinpedia1h ago

PEPE Hovers at Critical $0.053414 Support as $432M Volume Surge Tightens Breakout Watch

PEPE is trading at $0.053416, just above support at $0.053414, with significant trading volume up 22.14%. Resistance is at $0.053676. Despite a slight decrease in price, there’s increased market activity, suggesting potential volatility.

CryptoNewsLand2h ago

DXY Retest at 99.183: Will 100–101 Break as US Degen Index Stabilizes?

DXY trades at 99.183 while retesting the 100–101 monthly resistance zone. US Degen Index 6900 sits at $0.0001197 with support at $0.0001175 and resistance at $0.0001214. A break above 101 on DXY would shift structure higher, while rejection keeps price below key resistance. The U.

CryptoNewsLand2h ago
Comment
0/400
No comments