Kaspa (KAS) sees 23.5% amplitude in 24 hours: network milestones and active trading drive volatility
Bitget Pulse2026/03/21 16:02Volatility Overview
In the past 24 hours, KAS price rebounded from a low of $0.034 to a high of $0.042, currently trading at $0.0374, with an overall amplitude of 23.5%, showing an initial rise followed by a slight decline within the day. 24-hour trading volume is approximately $33.76 million, while the market capitalization stands at $1.01 billion, showing a slight increase compared to the previous day.
Brief Analysis of Abnormal Movements
- The network reached a milestone of 1 billion transactions processed, with hourly transaction volumes surging at times, highlighting the high throughput activity of Kaspa BlockDAG.
- Increased transaction activity caused delays on some exchanges due to high TPS load, while whales (Aquamen & Dolphins) cumulatively withdrew $45 million worth of KAS on-chain last week.
- No major official announcements, but the release of v1.1.0 node tutorial and the anticipated Covenant-Centric hard fork on May 5 provide technical support.
Market View and Outlook
The community sentiment remains mostly optimistic, with a Fear & Greed Index at 59. Traders perceive pullbacks as accumulation opportunities, emphasizing ample buying-side liquidity and monthly buy-side imbalance, expecting “a strong upward move.” Analysts note that KAS is outperforming the broader market, focusing on the $0.040 resistance level. If a breakout occurs, the next target could be $0.055, but there is a reminder of profit-taking risks.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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