- Kaspa price surge linked to whale activity and Bitcoin trends.
- Strong derivative market sentiment evident.
- Potential to rise 55% to $0.092 in coming days.
Kaspa targets a 55% price increase after breaking out of a months-long descending trendline. Whale accumulation with over 35 million KAS tokens and a 144% surge in trading volume support this bullish move, coinciding with Bitcoinโs recovery.
Bullish Momentum Shift
Kaspaโs breakout from the descending trendline signals a bullish momentum shift. Whale accumulation and rising open interest in futures highlight investor confidence and market optimism. As quoted by Kaspa Builders, โwhale accumulation that likely played its part in triggering the rebound.โ Kaspa Builders Twitter
Surge After Monthslong Decline
The Kaspa price surge follows a monthslong decline, hitting intraday highs of approximately $0.061, an increase from lows of $0.036. Whales accumulated 35 million KAS tokens, indicating substantial investor interest in Kaspa.
Trade Volume Spike
The breakout coincided with a 144% spike in trading volume, reaching $103 million in 24 hours. It aligns with a broader Bitcoin recovery, pushing related altcoins higher.
Historical Patterns and Potential
Kaspaโs past patterns show similar rebounds after prolonged downtrends. โKaspaโs pattern of strong rebounds after downtrends contributes to growing investor optimism.โ Past Novembers averaged 175% increases, indicating that historical trends support further potential gains.
Insights suggest that enduring market demand could push prices further. If bullish momentum continues, Kaspa may retest historical peaks, supported by whale behavior and broader crypto market trends.