Key Takeaways
Why are whales accumulating Kaspa [KAS]?
CryptoQuant’s Futures Average Order Size rose near $0.06, hinting at renewed institutional confidence.
What limits the current rally?
KAS faced rejection at its 20-day EMA, with the Stochastic RSI signaling an overbought market.
Kaspa [KAS] gained over 10% on the 26th of October, offsetting the token’s week-long bearish run.
Rising buyer dominance and steady whale accumulation at these price levels appeared to fuel the rebound. However, on the daily chart, several technical indicators flashed caution as the rally neared a key resistance zone.
Could bullish on-chain signals outweigh these cautionary signs? Let’s find out.
KAS whales build positions again
CryptoQuant’s Futures Average Order Size data showed large investors steadily adding KAS positions near the $0.06 price range. The renewed activity reflected stronger confidence in Kaspa’s short-term outlook.
Historically, spikes in whale participation have preceded heightened price volatility. The same setup appeared to be forming, as accumulation hinted at strategic positioning for a potential bullish move.
This sustained buying has provided a demand cushion against recent pullbacks. Even so, if momentum fades, these whales could unwind positions, creating short-term selling pressure.
Source: CryptoQuant
Buyers dominate futures again
CryptoQuant’s Futures Taker CVD turned green between the 24th and the 26th of October, showing taker buy dominance after a month of short control.
This flip aligned with on-chain accumulation and suggested rising bullish momentum in Derivatives markets.
If that trend persists, Kaspa may attempt a move toward its next resistance zones above $0.07.
Source: CryptoQuant
Technicals warn of EMA barrier
On the daily chart, KAS tested the 20-day EMA near $0.059 at press time, a decisive barrier for further upside.
The Stochastic RSI stood deep in overbought territory (95), implying possible fatigue after the short-term rally. While long rejection wicks reflect strong buy defense, a brief cool-off remains likely before any continuation.
Source: TradingView
Cumulatively, the bias stays bullish as long as KAS holds above $0.05. A clear break above the 20-day EMA could open a path toward $0.08 in the coming sessions.
