Kaspa [KAS] has broken through a key resistance level of $0.035, a hurdle it faced since February 1, 2026, signaling potential for a significant rally. The asset’s price jumped over 11.50% to $0.03609, accompanied by a surge in trading volume exceeding 130% to $36.88 million. Technical indicators suggest the asset is in overbought territory, while derivatives data reveals mixed sentiment among market participants.
Kaspa is gaining attention amid a broader market recovery, with its price breaking a key resistance level. The breakout from the $0.035 level suggests a massive upside rally may be on the horizon.
According to CoinMarketCap data, KAS climbed over 11.50% in the past 24 hours. Market participation increased significantly, reflected in a trading volume surge of more than 130%.
Rising trading volume shows heightened participation during the price recovery. This suggests market participants are increasingly interested in the current trend.
If KAS closes a daily candle above this key level, it could see a price jump of 51%. It may reach the $0.055 level, though $0.040 appears to be another key resistance.
The technical indicator Relative Strength Index reached 72.02, indicating the asset is in overbought territory. This suggests the asset might see a potential correction before the next leg up.
Meanwhile, the Average Directional Index stood at 19.77, below the key threshold of 25. This indicates weak directional momentum in the asset.
CoinGlass reveals that both investors and traders have mixed sentiment. Short-term participants are following the trend while long-term holders appear to be booking profits.
Data shows that $0.0319 and $0.0358 are two major levels where traders are overleveraged. Traders at these levels have built $1.02 million in long leveraged positions and $177,600 in short leveraged positions.
Based on this data, it appears bulls are dominating the asset. Sellers’ interest seems to be fading.
Meanwhile, data on KAS spot inflows/outflows shows over the past 48 hours, a massive $1.22 million worth of the asset flowed into exchanges. The movement of assets from wallets to exchanges typically indicates long-term holders may be preparing for a sell-off.
