Kaspa coin is back on the leaderboard today after the KAS price surged more than 18% in 24 hours, reclaiming the $0.058–$0.059 zone. The move comes as Bitcoin price powered back above $90,000 and the total crypto market cap climbed toward $310 trillion, a macro wave that has lifted several large-cap altcoins off multi-week lows.
For Kaspa crypto, down nearly 40% in six months and 50% year-to-date, today’s rally is a positive shift in momentum.
Kaspa Coin Sees Stronger Long Positioning as Network Activity Spikes
Behind the scenes, trader positioning has flipped notably more bullish. Open interest has climbed to around $77.83 million, up 26.49% in the past day, even as trading volume dropped 21%. That combination usually signals new, committed directional bets rather than short-term churn.
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Long/short ratios reinforce the shift. While the global 24h ratio sits near 0.99, Binance’s KAS/USDT accounts show a stronger long bias above 1.21. Funding on Coinglass, which had been negative earlier this month, has since recovered to positive territory as the KAS price rose.
Kaspa’s underlying activity continues to pulse higher, too. Recent spikes in unique active addresses reflect growing network usage, even during months of price weakness.
Data shows the network has recorded roughly 500k unique addresses since the start of Q4 2025. That kind of divergence often sets the stage for sharp repricing when sentiment finally flips.
Kaspa Price Tests Key Resistance, Charts Hint at a Breakout
KAS has spent months trapped in a descending structure, but today’s price action pushes it back toward the upper boundary of that channel.
Analysts like Sjuul (AltCryptoGems) note that KAS has been rallying within a descending channel, arguing that a clean breakout and a retest of a key support band would be “a nice sign of strength.”
That fits with the 24-hour chart, where price has pushed from a low around $0.04994 into the high-$0.05s, now pressing against the upper end of recent range resistance.
Another analyst, Crypto BULL God, highlights a falling wedge pattern on the two-week chart for KAS against BTC and says KAS is “attempting to break out” of it.
A falling wedge that resolves to the upside after a prolonged downtrend is often interpreted as a medium-term bullish reversal signal, especially when it coincides with on-chain activity and rising open interest, exactly what the current Kaspa crypto setup is starting to show.
Immediate resistance sits at the intraday high near $0.06008. A decisive close above it, ideally with steady open interest and moderate funding, would confirm a breakout and open the door to a sustained trend shift.
Support rests at $0.050–$0.0499. Holding that zone on any pullback keeps bulls in control. Losing it would turn today’s rally into another failed bounce in a still-dominant downtrend.
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