$KAS #CryptoMarketMildlyRebounds

Kaspa (KAS) is currently in a strong rebound phase, with significant whale activity and infrastructure development around the network.
1. At the end of November, Kaspa experienced an increase of about 40-45% within a week after several weeks of decline.
2. Large holders purchased over 35 million KAS during the decline, triggering a rebound and breaking through the $0.05 area.
3. At the same time, the technical updates for (DAGKnight, Kasplex), as well as the bridging and DeFi ecosystem are underway, but the current growth is partly driven by the leverage of derivatives.
## Major Events Regarding Kaspa
The sharp rise in prices and the breakthrough of the downward trend
At the end of November, news reports indicated that Kaspa rose by 40–45% within a week, rebounding from a local bottom of around $0.036, and returned to the $0.05–0.06 range against the backdrop of increased interest and trading volume in altcoins. On certain specific days, the price increase reached +25–27%, with trading volume increasing by over 100% compared to the previous day.
The comments on technical analysis in CCN and other publications emphasize:
1. Break the descending trend line and exit the descending channel.
2. Determine at several moving averages and key levels 0.047–0.05 $.
3. The rise of the RSI and trend indicators show a shift in balance towards the buyers.
**What does this mean:** The market sees the current recovery as a potential start of a new round of upward phase, but there is also a high risk of overheating after such a rebound.
Suspend activities and leverage on derivatives
Some sources indicate a radical accumulation by large wallets: According to the Kaspa Builders team, eight large addresses purchased over 35 million KAS at the recent low.
This is accompanied by:
1. Daily trading volume increased more than twofold, reaching tens of millions of dollars.
2. The open interest for Kaspa's futures and perpetual contracts has increased by 25-40%, indicating an influx of speculative capital.
3. The financing interest rate has risen into the positive range, indicating a bullish dominance.
AMBCrypto's independent analysis emphasizes that the current rebound largely relies on derivatives rather than an increase in on-chain activity, which makes this downturn potentially vulnerable when sentiment reverses.
**What this means:** Large holders and leveraged traders are betting on trend reversals on KAS, but when sentiment shifts, severe liquidations may occur.
Technology Upgrade: DAGKnight, Kasplex, and Transition to "Smart Contract L1"
At a basic level, several trends continue to support the narrative surrounding Kaspa:
1. Development of DAGKnight - A new consensus mechanism designed to accelerate and enhance the security of PoW-blockDAG, considered the next step after GHOSTDAG. This was elaborated in the team's technical review.
2. The implementation of Rust ( "Rusty Kaspa" ) and the improvement of node performance have laid the foundation for higher network throughput and subsequent hard forks to promote the growth of BPS.
3. Transitioning from a pure PoW coin to a Layer-1 smart contract stacked through Kasplex, which allows for the migration of dApps from Ethereum with minimal changes. This point was directly mentioned in market commentary as one of the driving forces behind the generated interest.
In addition, analysis of the material records shows that the number of testnets in the ecosystem continues to increase along with DeFi, DEX, and bridging protocols, and reports are generated regularly.
Infrastructure and Integration: Bridges, Dymension, and "altbet" beyond Bitcoin
The latest article also emphasized the news about infrastructure:
1. The launch of Kaspa's first decentralized bridge facilitates the flow of liquidity between KAS and other networks.
2. Voting and adding KAS as the underlying asset to the modular platform enhances Kaspa's role in cross-chain DeFi scenarios.
The media emphasizes the narrative of Kaspa as a PoW-blockDAG that serves as a Bitcoin alternative aimed at ETFs, a "clean PoW bet" offered for those seeking higher volatility exposure, as noted in comments on top alternative tokens.
**This means:** Kaspa is not only regarded as a speculative asset but also as L1 infrastructure, beginning to connect bridges, DeFi, and new applications.
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If you wish, I can explain it separately:
1. From the perspective of on-chain metrics and leverage, how strong is this rebound.
2. What are the key price and trading volume levels for the current KAS trend continuation?
I rely on the latest news and official materials, but some technical plans and indicators are still under development.