#CryptoMarketMildlyRebounds

Kaspa (KAS) is now in a strong rebound phase with significant activity from whales and infrastructure development around the network.
1. At the end of November, Kaspa rose about 40–45% in a week after breaking out of a downtrend that lasted for weeks.
2. Large wallets bought more than 35 million KAS during the dip, which triggered the rally and broke through the 0.05 $ zone.
3. At the same time, the development of tech-update (DAGKnight, Kasplex), and the bridge and DeFi ecosystem is ongoing, but some of the current growth is driven by leverage on derivatives.
## Key Events regarding Kaspa
Sharp price spikes and trend violations
End of November news reported that Kaspa rose 40–45% in a week, bouncing from a local bottom around $0.036 and returning above the $0.05–0.06 zone amid a surge in volume and interest in altcoins. On certain days, the movement reached +25–27% with volume increases of over 100% compared to the previous day, which was noted.
Technical analysis in CCN reviews and other publications emphasizes:
1. Breakout of a descending trend line and exit from the descending channel.
2. Setting above several moving averages and key levels 0.047–0.05 $.
3. The rise in RSI and trend indicators showing a shift in balance towards buyers.
**What it means:** the market sees the current recovery as a potential beginning of a new bullish phase, but after such a rally, the risk of overheating is also high.
Whale activity and leverage on derivatives
Several sources note aggressive accumulation by large wallets: according to the Kaspa Builders team, eight large addresses have purchased over 35 million KAS at a recent low.
This is accompanied by:
1. Daily trading volume growth more than doubled, reaching tens of millions of dollars.
2. The open interest in futures and perpetuals on Kaspa increased by 25-40%, indicating the influx of speculative capital.
3. Growth of the Funding Rate into positive territory, which indicates long dominance.
A separate analysis from AMBCrypto emphasizes that part of the current rally relies more on derivatives than on the growth of on-chain activity, which makes this movement potentially fragile if sentiment turns.
**What it means:** whales and leveraged traders bet on trend reversals in KAS, but when the mood shifts, a sharp shake-out is likely to occur.
Technical upgrade: DAGKnight, Kasplex and transition to "smart-contract L1"
At a fundamental level, several trends continue to support the narrative surrounding Kaspa:
1. Development of DAGKnight – a new consensus to accelerate and enhance the security of PoW-blockDAG, which is considered the next step after GHOSTDAG. This is detailed in the team's technical review.
2. Rust implementation ( "Rusty Kaspa" ) and node performance improvements, which form the basis for higher network throughput and the subsequent hard fork for BPS growth.
3. Transitioning from mere PoW coins to Layer-1 smart contracts through the Kasplex stack, which allows the migration of dApps from Ethereum with minimal changes. This point is directly mentioned in the market review as one of the drivers of interest.
Moreover, analysis materials note that the number of testnets and DeFi protocols, DEXs, and bridges in the ecosystem continues to increase, which is reported regularly.
Infrastructure and integration: bridges, Dymension, and "altbet" beyond BTC
Recent articles also highlight infrastructure news:
1. The launch of the first decentralized bridge of Kaspa, which facilitates the flow of liquidity between KAS and other networks.
2. Voting and adding KAS as a base asset on the modular platform, which strengthens the role of Kaspa in cross-network DeFi scenarios.
3. The media highlights the Kaspa narrative as an alternative PoW-blockDAG for bitcoin that is "ETF-oriented," akin to a "clean PoW bet" for those seeking more volatile exposure, as noted, for instance, in the top-alt reviews.
**What it means:** Kaspa is not only tied as a speculative asset but also as an L1 infrastructure that is starting to connect bridges, DeFi, and new applications.
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If you want, I can explain separately:
1. How strong is this rally from the perspective of on-chain metrics and leverage.
2. Which price level and volume are critical for the continuation of the current KAS trend.
I rely on the latest news and official materials, but some technical plans and metrics are still in development.