Here’s Why Kaspa (KAS) Price Is Pumping Today

The KAS price is up 10.77% in the last 24 hours, trading around $0.0329 and clearly outperforming a broader market that gained just over 3%. After weeks of messy, mostly downward price action, this sudden move higher has put Kaspa back in focus.

And this wasn’t random. A key network milestone, combined with improving sentiment across altcoins, helped spark fresh interest and pull buyers back in.

The Milestone That Sparked the Kaspa Move

The biggest catalyst behind the KAS price rally is the announcement that the Kaspa network has surpassed 600 million transactions. That number quickly made the rounds on social media, reigniting retail attention.

It matters because it points to real activity. In a space where many layer-1 projects struggle to show consistent usage, transaction growth gives Kaspa something concrete to point to.

There’s also the upcoming May 5 hardfork. This covenant-focused upgrade aims to introduce smart contracts and native assets, potentially expanding what the network can do. 

If adoption follows, the KAS price could benefit from a stronger fundamental backdrop. For now, traders appear to be positioning ahead of that upgrade.

Read Also: The Next Few Days Will Show Whether Kaspa (KAS) Price Clears $0.05 or Retreats to $0.01

What the KAS Chart Is Telling Us

Looking at the 4-hour chart, KAS has spent most of this month trending downwards, falling from an initial position of $0.05 to a recent low of $0.0249. That low came with a sharp wick, which often signals a flush before stabilization.

Since then, price has built a base between roughly $0.029 and $0.031. The latest breakout pushed KAS above the $0.0321 area, which lines up with the 7-day SMA and short-term resistance. Now price is testing the $0.033 zone, close to a recent local high.

Momentum indicators support the move. The 4-hour RSI is in the mid-to-high 50s, indicating good momentum without going overboard. The MACD has gone bullish as the lines crossed over with a positive histogram bar.

The volume was up during the breakout, which supports the move. The near-term picture remains positive if the price of KAS stays above $0.032.

Key Kaspa Price Levels to Watch

The price of KAS is at a crossroads. If it continues to trade above $0.0321, the bullish scenario will hold true, and the price will be more likely to test $0.0336. A good break above this will open doors for the price to test $0.035, where the previous breakdowns happened.

On the other hand, if the price of KAS goes below $0.032 and especially $0.0311, the strength of the recent breakout will be diminished.

Bigger Picture: Upgrade vs. Market Pressure

Kaspa is currently caught between two forces. On one side, it has a strong milestone and a potentially meaningful upgrade on the horizon. On the other, it’s operating in a market where Bitcoin and large-cap smart contract platforms still dominate attention and liquidity.

As a proof-of-work layer 1, Kaspa has to compete in a risk-sensitive environment. The KAS price is still far below its yearly highs, which means there’s plenty of overhead supply that could cap rallies.

For now, though, momentum is on the bulls’ side. With the network growing, chatter increasing, and a strong technical breakout, KAS is receiving a new influx of energy. Whether this run will sustain momentum or sputter as the initial hype wears off is to be determined.

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The post Here’s Why Kaspa (KAS) Price Is Pumping Today appeared first on CaptainAltcoin.