Kaspa (KAS) staged a strong recovery on October 26th, gaining over 10% to reverse a week-long downtrend. This surge was fundamentally supported by strong buying activity and strategic accumulation by large investors (“whales”) near the $0.06 price range, which historically precedes volatility.
On-chain data confirms this shift: CryptoQuant’s analysis showed significant futures orders being placed by these large players, establishing a demand cushion against price pullbacks. The Futures Taker CVD (Cumulative Volume Delta) also turned positive, indicating that futures buyers have taken control after a month of short-seller dominance, pointing toward rising bullish momentum in the derivatives market.
However, technical indicators suggest the rally may face immediate friction. On the daily chart, KAS is challenging the critical 20-day Exponential Moving Average (EMA) near $0.059. Compounding the resistance, the Stochastic RSI is deeply overbought (95), warning that the recent run might be exhausted and a short-term cool-off is likely.
The overall sentiment remains bullish, provided KAS maintains a price above $0.05. A successful and decisive break above the 20-day EMA is necessary to open the path toward the next key target of $0.08.
October 2025, Cryptoniteuae
