Kaspa (KAS) Tests $0.12 Resistance Amid $500M Derivatives Volume and 50M Token Outflows From Major Exchanges

Kaspa (KAS) has reached a critical juncture as its price approaches the $0.12 resistance level, sparking renewed interest in the cryptocurrency market. Recent on-chain data and market dynamics suggest shifting investor behavior, with significant exchange outflows and rising market capitalization indicating a potential shift in momentum. The asset’s price trajectory, which has risen steadily from approximately $0.07 to $0.12, now faces a key test as it seeks to break through this psychological threshold.

Over the past 24 hours, Kaspa recorded $250 million in spot trading volume and over $500 million in derivatives activity, highlighting robust participation from both retail and institutional investors. These figures align with a broader uptrend characterized by higher highs and higher lows, as the price has consistently advanced through consolidation zones. However, the immediate resistance at $0.12 has yet to be decisively cleared, creating a “decision zone” where buyers must either commit to pushing the price higher or risk a pullback.

A notable development is the outflow of approximately 50 million KAS tokens from major exchanges such as Gate.io, KuCoin, and MEXC. This exodus reduces sell-side pressure, suggesting a shift toward long-term accumulation strategies among investors. The reduced supply on centralized exchanges also implies that future price movements may rely more on off-exchange demand, potentially amplifying volatility if buyers fail to materialize at critical levels.

Technical analysis of the KAS chart reveals a liquidity cluster between $0.07 and $0.075 that remains untriggered. While this zone is currently distant from the current price, it represents a potential magnet for downward movement should the broader market experience a correction or momentum weaken. Historically, such clusters can act as re-entry points for buyers during retracements, though their impact will depend on the strength of the ongoing uptrend.

Support levels at $0.10 and $0.09 have previously served as consolidation areas, offering reference points for potential rebounds if the price falters at $0.12. A deeper correction toward the $0.07–$0.075 range would likely test the resilience of the bullish structure, with traders closely monitoring volume and order-book depth to assess buyer interest. For now, the focus remains on the $0.12 level, as a successful breakout could pave the way for further gains, while a breakdown might trigger a retest of earlier support zones.

The market’s attention will likely remain fixed on Kaspa’s on-chain activity and price action in the coming days. A sustained move above $0.12 could reinforce the asset’s momentum, while failure to hold key levels may invite profit-taking and renewed caution. Investors are advised to watch for confirmation signals, including volume spikes and order-book imbalances, as these will provide clearer insights into the next phase of KAS’s trajectory.