Kaspa Price Breaks Resistance as DEX Volume Surges 113%
Kaspa (KAS) is on the move, with its price surging above the $0.0357 resistance level.
The altcoin has seen a significant increase in decentralized-exchange trading volume and derivatives trading positions, with DEX volume jumping by 113% to around $1.4 million.
This surge in activity suggests that more participants are getting involved in Kaspa's price action, making a successful breakout even more credible.
Derivative sentiments also indicate a rise in Open Interest, which has climbed by 19% to reach $1.7 million, signaling an increase in positions being created as the token hits its resistance level.
The number of whale orders has also increased significantly, with Kaspa's Spot Average Order size data showing a substantial rise in larger trades.