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Kaspa (KAS) is showing signs of a potential price rally, according to an analysis shared by ApexTrader (@ApexTrader0). The report outlines a mix of market trends, technical indicators, and on-chain metrics that suggest bullish momentum may be on the horizon.
KAS Spot Market Activity Suggests Accumulation
Activity in the spot market for Kaspa indicates a positive bid-ask delta, which points to active buyer accumulation. This metric reflects consistent capital inflows into the market, often observed near strong daily support zones. Historically, such zones are known to attract institutional and large-scale traders aiming to establish positions.
On the futures side, the analysis points to a negative cumulative volume delta (CVD). This suggests an accumulation of short positions, which could set the stage for a short squeeze. If this scenario unfolds, the unwinding of short positions could drive upward price momentum as short sellers rush to cover their losses.
Low Funding Rate and High Open Interest Signal Upward Potential
The funding rate for KAS remains low, indicating that long positions are not overly leveraged or overheated. This provides room for further upward movement without the immediate risk of corrections. Additionally, high open interest in the market reflects growing participation and anticipation of a significant price move.
According to the analysis, liquidation heatmaps on platforms such as Binance and Bybit further support the bullish outlook. Large clusters of liquidations are concentrated above the current price levels, creating potential targets for upward price action. Together, these factors create a favorable environment for a bullish trend.
Read also: Expert Maps Stellar (XLM) Price Path to $1, But There’s a Catch
Technical Support and Volume Insights
Technical analysis of Kaspa highlights its proximity to a key daily support zone.
Historically, these zones have been critical areas where institutional traders establish long positions. The analysis also notes a recent slowdown in the downtrend, with Kaspa trading in a range between $0.10 and $0.20 since early 2024. As of now, KAS is trading at $0.117828, reflecting a 3.09% increase over the past day.
Volume profile analysis identifies a point of control around $0.15. This range has previously seen rapid”
Source: captainaltcoin.com