Kaspa is staging a technical recovery after one of its weakest stretches in months, with KAS briefly returning toward the $0.03 level on Sunday. The token traded between roughly $0.0282 and $0.0298 over the past 24 hours, with some market feeds showing gains of more than 2% as buyers returned near the session lows. There was no single major Kaspa announcement driving the move; instead, the rebound looks primarily technical after KAS became heavily oversold during the broader crypto market crash.
KAS recently fell toward a Fibonacci swing low around $0.02827, with another daily support area close to $0.0289. The 14-day RSI has also dropped to roughly 31, putting Kaspa close to oversold territory. Current technical data places first support near $0.0282 and immediate resistance around $0.0293. When an asset falls this quickly and RSI approaches 30, even a small reduction in selling pressure can produce a strong relief bounce. The next resistance cluster is around $0.031-$0.032, while the previous breakdown area near $0.034-$0.035 becomes considerably more important. Until those levels are reclaimed, the move is better viewed as a relief rally than a confirmed trend reversal.
Another factor worth watching is Kaspa's scheduled monthly block-reward reduction on November 4, which cut the mining reward by roughly 5.6%, from about 2.06 KAS to 1.94 KAS per block. That means slightly fewer new KAS coins are now being issued to miners and potentially entering the market. Network hashrate recovered toward roughly 363 PH/s after the adjustment, indicating that mining activity remained resilient. Kaspa also now has roughly 96.8% of its maximum supply already mined, leaving relatively little future issuance compared with earlier stages of the network.
The Kaspa network also marked the fifth anniversary of its mainnet launch this weekend. The blockchain has now processed approximately 2.44 billion transactions, 587 million total blocks, and reached 569 thousand wallet addresses, another milestone for a project built around proof-of-work and its blockDAG architecture.
A separate development arrived around Kaspa Dollar (KSD). The project published a working whitepaper for a proposed KAS-backed stablecoin design without an administrative key. The project plans to use miners themselves as price reporters. Each block can include a KAS price vote, and the protocol then takes the median across a valid voting window. Anyone can later post the resulting price on-chain together with a zero-knowledge proof showing that the votes came from actual Kaspa blocks and were aggregated correctly.
But the proposal has sparked a broader debate about mining pool centralization. KaspaClass questioned the proposed oracle design, pointing out that if two or three mining pools produce most blocks, thousands of individual price votes could still effectively come from only a handful of operators. A valid price window needs at least 50% of blocks to carry a vote, and moving the median requires control over roughly half of the voting share. The protocol also plans an initial launch gate where 90% of blocks must participate for 30 consecutive days before activation.
Kaspa researcher Michael Sutton responded by arguing that widespread adoption of miner-attestation services should create a new economic incentive for the Kaspa ecosystem to decentralize mining further. If Kaspa wants to sell real-time decentralization as a service, the community has a stronger incentive to make the underlying mining layer as distributed as possible.
Hans Moog took the discussion another step, arguing that having miners place real-world data directly into blocks could become a new economic layer for proof-of-work networks. In his model, oracle services could charge fees to applications consuming their latest values, then redistribute those fees back to miners who provide the data. He described the broader idea as something close to "merge-mining of data," where Kaspa becomes an aggregation layer for decentralized trust, potentially aggregating outside attestors such as Chainlink feeds, decentralized exchanges or other blockchain-based data sources.
Kaspa Dollar is not live yet. The current whitepaper is still a working document subject to review, testnet deployment is planned for May 2027, and mainnet is currently targeted for September 2027 if development, testing and audits proceed as planned. The proposed oracle also contains several safeguards. If no valid price appears for 30 minutes, price-dependent actions such as minting, withdrawing and liquidation stop. The protocol also caps how quickly the mint price can rise and how quickly the liquidation price can fall, reducing the damage from sudden manipulation or extreme volatility.
