Kaspa’s Rising Tide: Large Investors Accumulate as Price Poises for Breakout
Analysts Eye Potential Upsurge with Recent Market Movements
Recent data from Kaspa Daily indicates a significant accumulation trend among Kaspa (KAS) holders, potentially setting the stage for a price breakthrough. Despite the fluctuations in KAS’s market value over the past few months, the underlying network activity suggests a more optimistic future.
Growing Accumulation Among Large Investors
Over 24,000 wallets are now holding substantial amounts of KAS, a record high since the growth trajectory began in September 2022. This steady increase in wallet count contrasts with the cryptocurrency’s price volatility, painting a picture of growing confidence among larger investors.
Steady Growth Amid Market Swings
Wallet growth has shown resilience, with only brief pauses during significant price slumps in mid to late 2023. By May 2025, the trend resumed its upward trajectory, suggesting that investors are in for the long haul, not deterred by short-term market movements.
Kaspa Price Insights and Market Expectation
The KAS price, which had highs close to $0.15 earlier in 2023, struggled with resistance between $0.14–$0.16 towards the year-end. After dipping to as low as below $0.06 in January 2024, KAS began its recovery, reaching around $0.12 by April 2025. This recovery has formed what appears to be a higher low, potentially setting the stage for breaking through previous resistance levels.
Current support for KAS is identified between $0.045 and $0.08, with significant resistance above at $0.19–$0.20.
Kaspa Funding Rates Turn Positive Again
After the recent sell-off and partial recovery, Kaspa funding rates have flipped back into positive territory. This shift suggests renewed long interest from traders despite recent volatility.
Positive funding rates typically indicate… pic.twitter.com/6en55yu7j8
— Kaspa Daily (@DailyKaspa) June 3, 2025
Positive Funding Rates Signal Optimism
The funding rates turning positive, as noted by Kaspa Daily, indicate an increase in long positions, reflecting a bullish market sentiment. This development coincides with the significant number of large holders, suggesting a momentum shift in favor of KAS.
Market Sentiment and Future Prospects
With technical indicators showing potential for growth and positive funding rates, the market’s outlook on KAS has become notably optimistic. However, market moves are probabilistic, and the path to revisiting or breaking through resistance will depend on sustained investor interest and broader market conditions.
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Source: captainaltcoin.com