In the past 24 hours, the digital currency KAS has emerged as one of the top cryptocurrencies in terms of price growth. After hitting its two-year low on Tuesday, it has experienced a 15% price increase. This growth coincides with increased activity in the overall cryptocurrency market, indicating a return of investor confidence. The price increase of KAS has been accompanied by a significant increase in trading volume, reaching $189 million daily, showing a 95% growth. The simultaneous increase in price and trading volume is a sign of strong market participation and increasing real demand. Additionally, the open profits of KAS contracts have increased to $64 million, showing a 7% growth in the past 24 hours. Open profit growth is usually interpreted as new capital inflow and increased trader confidence in the continuation of the upward trend. Furthermore, KAS’s funding rate, which was previously negative, is now positive at 0.0013%, indicating that traders are willing to pay more to hold long positions, reflecting optimism about price growth. Currently, KAS is trading at $0.067 and has surged from the support level of $0.065. If this support level is maintained, KAS can continue its upward trend and reach $0.081 in the short term. However, if selling pressure increases, KAS may lose the $0.065 support and drop to the $0.049 range. The price performance of this cryptocurrency in the coming days will be decisive. On the instant digital currency price page, you can view the prices of all tokens and cryptocurrencies live and in real-time.
