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Crypto

Kaspa Leads Altcoin Rotation, But CPI Looms as Key Test

Guavy AI Editorial Team
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KAS
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Kaspa (KAS) is leading the altcoin rotation with a 12% surge to $0.034, outperforming a largely flat cryptocurrency market.

The capital rotation toward altcoins has supported this move, with CoinMarketCap's Altcoin Season Index nearly doubling to 43 during September.

This leaves Kaspa approaching resistance with a stronger market backdrop and an important macroeconomic deadline ahead - the US Consumer Price Index (CPI) release on September 11th.

The daily chart shows KAS below a resistance cluster stretching from $0.0357 to $0.0385, creating a technical confluence zone that could provide strong support for Kaspa's price.

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