Kaspa surges toward $0.05 as HTX spot listing nears, volume and technicals turn bullish
Kaspa (KAS) has gained renewed momentum as HTX opened deposits ahead of a planned spot listing, pushing the token above $0.048–$0.05. Trading volume surged over 100% (to >$33M) and KAS has rebounded from recent lows (~$0.040 on Dec 18 and a weekly low near $0.009 in October), outperforming many altcoins as BTC and ETH also recover. On-chain data showed exchange balances falling, a short-term bullish sign as holders move to self-custody. Technical indicators across daily and weekly charts point to a bullish reversal: price is approaching a downtrend line/wedge breakout, RSI is rising but not yet overbought, and MACD hints at a bullish crossover. Short-term targets cited include $0.05 (immediate resistance), then $0.081 and $0.10; longer-term reference levels mentioned range up to $0.5–$1. Additional catalysts include a Crescendo protocol upgrade planned for Q1 2026 and possible further exchange listings. Traders should watch $0.05 as the key breakout level, confirm moves with rising volume, monitor exchange flow and on-chain balances, and track macro moves in BTC/ETH that typically drive altcoin flows. Increased liquidity from the HTX listing could amplify volatility; risk management is advised.
Bullish
The combined reports point to a bullish price impact for KAS. Exchange deposit openings and imminent HTX spot listing are classic short-term catalysts that increase liquidity, exchange orderbook depth and retail/institutional access—factors that typically push price higher around listing events. The >100% jump in volume and falling exchange balances support demand and reduced sell-side pressure. Technical signals (approaching breakout of a downtrend/wedge, rising RSI, MACD near bullish crossover) further suggest a likely short-term breakout if volume confirms. Short-term targets ($0.05, $0.081, $0.10) are reasonable based on recent resistance and retracement levels. Risks that could limit gains include a false breakout on low volume, broader crypto market weakness (BTC/ETH pullbacks), and post-listing profit-taking. Longer-term upside (references to $0.5–$1) depends on sustained adoption, protocol upgrades like Crescendo in Q1 2026, and continued listings—factors that are uncertain and require on-chain and fundamental follow-through. For traders: watch $0.05 as the key level, confirm with volume and exchange inflows/outflows, manage position size for listing-driven volatility, and monitor BTC/ETH for directional bias.