KAS Price Soars 66%: Will Momentum Propel Kaspa Towards $0.105 in December?

KAS Price Surges by 66%: Can Kaspa's Momentum Drive Larger Goals in December?

The KAS price has seen an impressive increase of 66% this week, rising from $0.037 to $0.061, as Bitcoin's strong recovery lifted market sentiment. As BTC climbed from a weekly low of $80,600 to $91,134 at the time of writing, altcoins like Kaspa have significantly benefited from this correlation with the leading cryptocurrency.

This recovery reinforces the ongoing bullish shift ahead of December, and with the KAS price showing sustained strength today, traders are closely monitoring whether this momentum can continue into the new month. On the daily KAS price chart, this week's momentum has surpassed the 20-day and 50-day EMA bands, indicating the early phase of a potential trend reversal.

"The support zone that triggered this week's bullish reaction is considered the most critical demand area on the higher timeframe chart."

Kaspa appears to be heading towards the next significant hurdle at the 200-day EMA, currently near $0.074. Although November is nearing its end, the price structure suggests further recovery potential, especially if Bitcoin maintains its upward trend. Consequently, even under conservative short-term assumptions, KAS price forecasts for 2025 indicate that Kaspa could test $0.105 again in December, reflecting previous recovery structures observed during improved market sentiment.

What makes this rally attempt particularly compelling is the origin of the rise. This support zone has previously served as a springboard, especially in Q4 2023, when a similar pattern led to a 400% rally to $0.20 by Q2 2024. If such a development repeats, the KAS price in USD could again reach its historical high near $0.20.

Should demand double compared to 2023, and Kaspa experience an ambitious expansion of 800%, upward targets could theoretically rise from the current market price of $0.060 to between $0.55 and $0.60. Currently, KAS crypto is trading 4% higher, holding a market capitalization of $1.63 billion, making these levels relevant in the context of sustained buyer interest.

A notable driver behind the renewed optimism is whale activity. The eighth-largest KAS wallet, holding 1.316% of the supply, has been steadily accumulating over the month. Most purchases appear to have originated from the Kraken exchange, with buying increasing following Bitcoin's reversal at $80,600 on November 21. When the largest whale positions itself, the likelihood of a broader bullish domino effect increases, along with expectations for the coming month.

Additionally, there are a total of 94,618,583 addresses, with approximately 1,046 active addresses. A total of 584.35 million transactions have been processed, and at the time of writing, the transactions per second (TPS) stands at 11.

Key Takeaways:

• KAS price surged by 66% from $0.037 to $0.061.
• Potential upward targets for KAS could reach $0.105 in December.
• Market capitalization currently stands at $1.63 billion.
• Whale activity is increasing, indicating potential bullish momentum.

Source: Bitget

Sources:

• KAS-Preis steigt um 66 %: Kann die Dynamik Kaspa auf die größeren Ziele im Dezember treiben?