Kaspa (KAS) Price Holds Key Support Amid Major Upgrades and Exchange Scrutiny

The price of Kaspa (KAS) is at a critical juncture this week, trading around $0.051 following a significant 19% rebound. This momentum was sparked by the successful Kasplex upgrade on December 4, which added full smart contract support to the network. This fundamental development has shifted attention back to KAS after a challenging month of price declines.

Adding to the project's momentum, Coinbase Derivatives has opened KAS perpetual futures, providing traders with 24/7 access and injecting fresh liquidity into the market. Furthermore, the Kaspa ecosystem continues to expand with new integrations across other blockchain networks, increasing utility and potential use cases for the KAS token.

Despite these bullish fundamentals, the technical chart presents a more cautious picture. KAS has been in a downtrend since early August, with consistent lower highs indicating sustained selling pressure. Key resistance sits at the $0.060 level, which has rejected price multiple times. A close above this point could signal a reversal, potentially targeting $0.067. Conversely, a break below the crucial $0.049–$0.050 support zone could open the door for a retest of lower levels, with $0.045 as a nearer-term target.

Market indicators reflect this uncertainty. Open interest has remained flat since a sharp drop in October, suggesting traders are not adding new leveraged positions. The Average True Range (ATR) is low, indicating compressed volatility, while the OBV (On-Balance Volume) shows a steady decline since August, pointing to sustained distribution.

Simultaneously, the project faces a notable hurdle: its continued absence from Binance, the world's largest cryptocurrency exchange. Analyst Mitchell Lim explored this puzzle, noting that despite Kaspa's technological advancements—including a recent hard fork boosting block production from 1 to 10 per second—and its victory at the Blockchain 100 awards, Binance has not listed the token. Lim suggests Binance's inconsistent listing criteria, which sometimes favor meme coins over projects with substantive technology like Kaspa's block DAG architecture, may be a contributing factor.