Kaspa Sees 27% Surge as Whales Accumulate Millions

Kaspa (KAS) experienced a notable rise of 27% in the past 24 hours, reaching $0.0525.
The daily trading volume surged by 112%, hitting $86.4 million, and the market cap exceeded $1.4 billion.
Interest from large investors is driving the price increase, with eight wallets accumulating over 35 million KAS tokens.
Technical analysis indicates a breakout from a 10-day accumulation zone, suggesting potential continued momentum.
Key support levels are identified at $0.0500, $0.0487, $0.0466, and $0.0451.
The relative strength index indicates strong buying pressure but also suggests an overbought position.
While Kaspa shows bullish trends, broader macroeconomic uncertainty could influence its performance.