The KAS token rose by more than 7% over 24 hours, while its trading volume doubled. Derivatives volume surged by 158% to $22.28 million, and the average futures order size indicated increased activity by large traders around the prevailing price. KAS remaining above its key exponential moving averages supports the bullish momentum, with $0.043 representing the next important price target. However, overheating indicators raise the risk of a short-term correction if buyers lose momentum or large holders take profits.
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