Kaspa’s price has been rising steadily over the past three days. Per CoinMarketCap, KAS has seen a 13.33% price increase in the past 24 hours, accompanied by an 18.21% surge in trading volume. This rise suggests growing investor interest and activity around the token, bolstered by recent developments and market speculation.
KAS price is pumping because Kaspa has reached a major milestone, surpassing 100 million blocks produced on its mainnet. Since its launch three years ago, Kaspa has stood out for its unique blockDAG structure, which enables rapid block generation and parallel processing. This architecture enhances speed, scalability, and security while maintaining decentralization—features critical to modern blockchain systems.
Another reason is that there are speculations surrounding a potential Binance listing. This has further contributed to KAS’s price momentum. Crypto enthusiast Tommy hinted at Binance possibly listing KAS.
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Kaspa Technical Analysis: Support Levels and Breakout Potential
The price of KAS has retested and held its 50-week Smoothed Moving Average (SMMA), a key support level. Elite analyst Jim highlights this support on X, noting that KAS is pushing off recent lows and could potentially break out of its consolidation range. The price currently trades near a critical resistance zone of $0.20-$0.25, and a breakout could lead to a rally toward the projected target of $0.50.
The chart analysis also shows strong support near $0.10 and buying pressure at current levels. With a rising trading volume and improving sentiment, KAS is well-positioned for further growth if it clears its resistance.
All these factors – the tech improvements, market speculation, and strong charts – have pushed Kaspa’s price higher. The crypto community is now watching KAS with keen interest to see what happens next.
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