Kaspa (KAS) has experienced a significant price surge, rallying between 5.44% and 9.5% over the past 24 hours, with its daily trading volume spiking by 102%. The primary catalyst for this bullish momentum is the upcoming listing of KAS on the HTX exchange (formerly Huobi), scheduled to go live on Wednesday, December 24, 2025.
The token's price is currently testing a crucial local resistance level at $0.048. A successful flip of this level to support could pave the way for a move toward the range high of $0.060. Technical analysis reveals Kaspa has been trading within a range, bounded by $0.036 and $0.060, since a market crash in October. The weekly chart shows the formation of a falling wedge pattern, a classic bullish reversal signal, with the price nearing a breakout from its upper trendline.
Further fueling optimism are rumors of a potential future listing on Crypto.com, another major global exchange, which has generated significant buzz within the Kaspa community. On-chain data from Nansen adds to the positive sentiment, showing a nearly 3% decline in KAS tokens held on exchanges over the past week to 3.28 million. This reduction in exchange supply suggests investors are moving tokens to self-custody, potentially decreasing immediate selling pressure.
Technical indicators are aligning with the bullish narrative. The MACD line is approaching a crossover above its signal line, indicating growing bullish momentum. The Aroon indicator, with the Aroon Down at 21.43% and Aroon Up at 0%, signals a weakening downtrend and a market in consolidation, potentially preceding a reversal.
Traders are advised to watch key levels for volatility. Significant liquidation clusters exist near $0.0439 and $0.0489, which are likely to attract price action. A successful breakout and retest above $0.048 could target $0.060, while a pullback to $0.044 may present a short-term buying opportunity. The broader market context, with Bitcoin nearing the $90,000 level, is also seen as supportive for altcoin rallies.
