Kaspa (KAS) is showing renewed momentum. As the price touched $0.105, multiple on-chain and market indicators spiked:
- Open interest increased by 19%, indicating fresh capital entering the derivatives market.
- Derivative trading volume surged over 40%, suggesting growing speculative activity.
- Spot trading volume rose 22%, confirming that the move is supported by real buying pressure, not just leverage.
source: CoinMarcetCap and Coinglass
The combination of rising open interest and price typically reflects bullish conviction. It means new positions are being added, not just short liquidations or random volatility.
Spot volume growth alongside derivatives is especially important. It suggests retail and institutional participants are actively buying, not just trading on margin.
However, sharp increases in OI without continued upward price movement can signal potential traps. If the price stalls or reverses, those overleveraged positions may get wiped out quickly.
Key Levels to Watch
- A clean break above $0.11 could attract breakout traders and drive momentum higher.
- Failure to hold $0.105 may lead to a retest of prior support levels around $0.095–$0.10.
- Funding rates and liquidation levels should be monitored for signs of overheating.
Conclusion
Kaspa is entering a period of heightened volatility and attention. The current data points to bullish pressure, but the next few sessions will be critical to confirm whether this is a sustainable move or a short-lived spike.
