Kaspa (KAS) seems to be charting its own path in the crypto market. Over the past week, this token has increased by about 54%, advancing towards the zone of 0.06 USD — a remarkable increase compared to most large-cap altcoins, which have only recorded gains of around 10%. This positions KAS as the second-best performing coin of the week.
While the total altcoin market is leaning towards an upward trend (TOTAL2 up 6%), the strong rebound of KAS is seen as a clear “divergence” phase, wiping out nearly five weeks of decline in just a few trading sessions.
Source: TradingViewHowever, with such a steep upward trend, the crypto market is starting to question: is KAS increasing too quickly, too early? On the daily chart, the RSI indicator has surpassed the 70 level — reflecting strong momentum but also warning of overbought conditions.
At the same time, Coinphoton reported that the accumulation activity of whales continues to support the upward momentum. The KAS/BTC pair surged 40%, indicating that capital is shifting away from Bitcoin in search of profits in Kaspa.
The derivatives market is also in sync with the spot market: the open contracts of KAS have exceeded 70 billion USD, indicating a high leverage level. However, as the price decreased by 2.82% during the day, the question arises whether this altcoin will face a widespread “de-leveraging”.
The momentum of KAS is reinforced by strategic capital flow
In the macro context, the market continues to see new capital flow in, maintaining FOMO sentiment as investors seek assets with strong upward momentum. CoinGlass data shows that over 1 million USD has been withdrawn around the 0.05 USD mark, reflecting active defensive efforts from the buying side.
At the same time, this momentum is linked to the development of the Kaspa ecosystem, especially with the upcoming DAGKnight upgrade — a significant improvement aimed at increasing the speed and scalability of the network. This is seen as an important foundational platform to help KASPA strengthen its upward trend.
Source: CoinGlassOverall, the accumulation activity of whales combined with macro capital flows indicates that these are strategic inflows rather than short-term speculation. This helps KAS avoid a strong sell-off despite the rapid increase.
If the upward momentum continues, the 45% increase in Kaspa this week may extend; the daily correction is likely just a mild “cooling off” phase, not a signal marking the beginning of a large-scale leverage decline.
Mr. Giáo
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