Kaspa (KAS) rose 12% in 24 hours and 23% over the week, but on-chain activity sharply declined: daily active users fell 78% to roughly 7,910, and transactions dropped by more than 94,000 in one day. Liquidity clusters point to a possible support level near $0.038, while sentiment remains bullish at 4.81 and derivatives positioning stays positive. Coinbase transactions held steady, indicating sustained interest from U.S. investors.
Kaspa [KAS] posted a 12% gain over the past 24 hours and a 23% weekly increase, yet on-chain data reveals weakening fundamentals. Daily Active Users (DAU) plummeted from 36,570 on September 17 to approximately 7,910 at press time – a 78% decline in one week, according to data from Kaspalytics. Transaction counts also fell, dropping from about 208,480 to 113,530 in the past 24 hours.
Notably, transactions via Coinbase for KAS maintained nearly similar levels, suggesting that U.S. investors still hold a stronger bullish outlook. A liquidation heatmap analysis of KAS indicates that liquidity clusters are lined below the current price, with the closest high-depth cluster near the $0.038 level. This zone could serve as the next support if momentum shifts, though for now the bullish trend remains intact.
Sentiment, as reported by CoinMarketCap, stands at 4.81 on a scale of -10 to 10, indicating high likelihood that the current rally continues. Derivatives data also supports the move: perpetual market capital flow, funding rates, and open interest all remain in bullish territory. As long as sentiment and derivative positioning hold, the uptrend is expected to persist.
