Overview
- Kaspa touched a fresh monthly high near $0.062 after a roughly 40% seven-day climb and was recently trading around $0.0606, with 24-hour volume reported up about 51% to $112 million.
- The token broke above a multi-month descending trendline and now trades over its 20- and 50-day moving averages, with the 50-day near $0.051 identified as key short-term support.
- An X post by Kaspa Builders said eight wallets bought the recent dip, accumulating more than 35 million KAS, while separate data highlighted three days of large whale orders and a positive Buy Sell Delta of 15.61 million.
- CoinGlass data showed futures open interest rising about 25% to $79.2 million and the long-short ratio moving above 1, indicating a tilt toward bullish positioning.
- Technical analysts cited a chart-based upside target around $0.092, though they emphasized that the projection is not guaranteed and that heightened derivatives activity can increase volatility.