#CryptoMarketMildlyRebounds

Kaspa (KAS) is now in a strong rebound phase with significant activity from whales and infrastructure development around the network.

1. At the end of November, Kaspa rose about 40–45% in a week after breaking out of a downward trend that lasted for weeks.

2. Large wallets purchased over 35 million KAS during the dip, triggering a rally and breaking through the $0.05 zone.

3. At the same time, the development of the tech-update (DAGKnight, Kasplex), and the bridge and DeFi ecosystem is underway, but some of the current growth is driven by leverage on derivatives.

## Key Events Regarding Kaspa

Sharp price spike and violation of downtrend

Late November news reported that Kaspa rose 40–45% in a week, bouncing off a local low around $0.036 and returning above the $0.05–0.06 zone amid a surge in volume and interest in altcoins. On certain days, the movement reached +25–27% with volume increasing over 100% compared to the previous day, which was noted.

Technical analysis in CCN reviews and other publications emphasizes:

1. Breakout of a downward trend line and exit from a downward channel.

2. Establishment above several moving averages and key levels 0.047–0.05 $.

3. The rise of the RSI and trend indicators indicating a shift in balance towards buyers.

**What this means:** the market sees the current recovery as a potential beginning of a new bullish phase, but after such a rally, the risk of overheating is also high.

Whale activity and leverage on derivatives

Some sources note aggressive accumulation by large wallets: according to the Kaspa Builders team, eight large addresses have purchased over 35 million KAS at a recent low.
This is accompanied by:

1. The growth of daily trading volume has more than doubled, reaching tens of millions of dollars.

2. Open interest in futures and perpetuals on Kaspa increased by 25-40%, indicating the influx of speculative capital.

3. The growth of the Funding Rate into positive territory, indicating long dominance.

Separate analysis from AMBCrypto emphasizes that part of the current rally relies more on derivatives than on the growth of on-chain activity, making this movement potentially fragile if sentiment reverses.

**What it means:** whales and leveraged traders bet on trend reversals in KAS, but when the mood changes, a sharp shake-out is likely to occur.

Technical upgrade: DAGKnight, Kasplex and transition to "smart-contract L1"

At a fundamental level, several trends continue to support the narrative around Kaspa:

1. Development of DAGKnight – a new consensus to accelerate and enhance the security of PoW‑blockDAG, which is considered the next step after GHOSTDAG. This is explained in the team's technical review.
2. Rust implementation ( "Rusty Kaspa" ) and performance improvements of the node, which serve as the foundation for higher network throughput and subsequent hard forks for BPS growth.

3. Transitioning from merely PoW coins to Layer-1 smart contracts through the Kasplex stack, which facilitates the migration of dApps from Ethereum with minimal changes. This point is directly mentioned in the market review as one of the drivers of interest.

Plus, the analysis material notes that the number of testnets and DeFi protocols, DEXs, and bridges in the ecosystem continues to increase, which is reported regularly.
Infrastructure and integration: bridges, Dymension, and "altbet" outside of BTC

Recent articles also highlight infrastructure news:

1. The launch of the first decentralized bridge of Kaspa, which facilitates the flow of liquidity between KAS and other networks.

2. Voting and the addition of KAS as a fundamental asset in the modular platform, which strengthens the role of Kaspa in cross-network DeFi scenarios.

3. Media highlights the Kaspa narrative as an alternative PoW-blockDAG for bitcoin that is "ETF-oriented", namely a kind of "clean PoW bet" for those seeking more volatile exposure, as noted, for example, in the top-alt review.

**What it means:** Kaspa is not only tied as a speculative asset, but also as L1 infrastructure, which is beginning to connect bridges, DeFi, and new applications.

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If you want, I can explain separately:

1. How strong is this rally from the perspective of on-chain metrics and leverage.

2. Which price levels and volumes are critical for the continuation of the current KAS trend.

I rely on the latest news and official materials, but some technical plans and metrics are still under development.