KAS has made a remarkable comeback in the market, emerging as the top gainer with a 15% price surge in the last 24 hours following a recent low. This surge aligns with the overall increase in crypto market activity, as heightened trading volumes and growing open interest indicate a revival of investor confidence.

The spike in KAS' trading volume reinforces the double-digit gains it has experienced, reaching $189 million during the review period, marking an impressive rise of over 95%. This surge in volume signifies strong market participation and genuine investor interest, affirming that KAS' price surge is driven by real demand rather than speculation.

Furthermore, the escalating open interest in KAS, currently standing at $64 million with a 7% uptick in the past day, underpins this positive trend. A rising open interest suggests a surge in market involvement and fresh capital inflows into KAS positions, reflecting growing confidence in the asset's price outlook and hinting at a sustained upward trajectory.

Additionally, the coin's funding rate has shifted from negative to positive, demonstrating a shift in sentiment towards KAS. The current rate of 0.0013% signifies a bullish sentiment, with long traders willing to pay short traders, reflecting a positive market outlook and a willingness to pay a premium to maintain long positions.

As KAS hovers around $0.066, bouncing off the critical support level at $0.065, its future trajectory hinges on establishing this zone as a robust support base. If successful, KAS could potentially rise to $0.081 in the short term. Conversely, increased selling pressure could reverse its gains, pushing KAS below the $0.065 support level towards $0.049.