- Kaspa (KAS) surged over 23% in 24 hours, rising from $0.06106 to an intraday high of $0.07507 before slight retracement.
- Kaspa’s recovery is fueled by its CoinMarketCap listing and Crescendo testnet success.
After hitting a nearly two-year low, Kaspa (KAS) saw a sharp recovery in the past 24 hours, soaring over 23% from its low of $0.06106 to an intraday high of $0.07507 before experiencing a slight pullback. As of now, KAS is priced at $0.06895, with a market capitalization of $1.77 billion. Its daily trading volume has also spiked by more than 98%, reaching $198.94 million.
Earlier this week, KAS dropped to nearly a two-year low of $0.05587 (the level last seen in November 2023), marking a significant 70% decline from its all-time high of $0.2075 recorded in August 2024. Since then, the token has struggled to regain momentum, with a failed rally in December pushing the price further downward.
One of the key drivers behind today’s price surge is Kaspa’s inclusion in CoinMarketCap’s newly launched “Made in America” category. Additionally, the project’s ongoing Crescendo upgrade is showing promising results, with its testnet successfully transitioning to 10 Blocks Per Second (BPS), a tenfold increase from the current 1 BPS on the mainnet. This milestone strengthens Kaspa’s position in scalability advancements.
Kaspa (KAS) Technical Indicators Point to a Slight Bullish Trend
From a technical standpoint, indicators on the 4-hour KAS/USDT chart suggest a slight bullish trend. The Relative Strength Index (RSI) stands at 53, reflecting a neutral bias with a lean toward upward movement. Meanwhile, the MACD is above the signal line, indicating growing bullish momentum. The Supertrend indicator has also turned green, reinforcing the slight bullish sentiment.
If KAS maintains its rally above $0.060, it could target $0.0735, with further potential to reach $0.07673 and $0.08715. However, the weekly chart shows that KAS broke below the $0.123 support which was strong support in early February and validated it as resistance shortly after. A continued bearish trend could push KAS back to retest key support levels between $0.05890 and $0.04064.
