Kaspa (KAS) Bullish Every November, but Investors Should Be Worried This Time

Every crypto project has its “golden month,” and for Kaspa, that month has always been November. Data shared by Kaspa Report shows that historically, Kaspa’s USD price has risen an average of 175% between October’s close and November’s close. That record has given many investors hope that every November could be a repeat of past gains.

This year, though, things look different. The market is showing signs that Kaspa might not enjoy its usual November bounce. Instead of the steady climb traders expect, KAS price has been moving in the opposite direction.

What Kaspa Report Revealed About Historical Trends

Kaspa Report noted that October was not kind to Kaspa. Kaspa price closed down 29.81%, making it the project’s most bearish month on record. That single drop was enough to replace December as Kaspa’s historically weakest month.

Kaspa Enters its Historically Most Bullish MonthIn October, Kaspa’s USD price closed down 29.81%. Because that close was notably below the prior monthly average, it pulled the average down and caused October to replace December as Kaspa’s most bearish month on average.… pic.twitter.com/Gka6wsnCnz

— Kaspa Report (@KaspaReport) November 2, 2025

Even more striking is the context: while November has always been the strongest period for the KAS price, 2025 is shaping up to be different. According to Kaspa Report, this could be Kaspa’s “first down year”; a year when performance against the U.S. dollar fails to follow its usual bullish pattern.

Still, the analyst also pointed out something interesting. On higher-timeframe charts, the KAS/BTC formation resembles early BTC/USD candles from Bitcoin’s early growth years. This means that while Kaspa might be struggling in the short term, its long-term structure could still be preparing for a resurgence.

KAS Price Breaks Key Support as Selling Pressure Grows

So far, the data is not encouraging. The KAS price has dipped to a 2-year low, now trading around $0.044. The last time Kaspa traded this low was in mid-October 2023. That price point had acted as a strong support level for months, but it seems to be breaking down.

KAS Price Chart

Once that happens, it can trigger a chain reaction. Stop-losses from leveraged traders could get liquidated, leading to even more selling pressure. If the weekly candle closes below this key zone, analysts warn the next potential target could be around $0.033.

For Kaspa to regain bullish momentum, the KAS price would need to close above $0.05 this week. Until then, market sentiment remains cautious.

Kaspa Price Indicators Suggest Bearish Sentiment

On the daily chart, indicators reflect the same cautious tone. According to Investing.com, most major signals lean toward “Sell.”

Name Value Action RSI(14) 31.234 Sell: the price is near oversold territory, but no reversal yet STOCH(9,6) 40.453 Sell: momentum remains weak MACD(12,26) -0.005 Sell: bearish crossover confirmed ADX(14) 34.219 Sell: strong downward trend in play Ultimate Oscillator 42.704 Sell: no sign of recovery momentum

Every indicator points in the same direction: sellers are still in control. This aligns with the sharp drop seen since early October, suggesting that the market hasn’t found its floor yet.

Can Kaspa Still Turn Things Around This Month?

Despite the bearish mood, Kaspa Report remains cautiously optimistic about the project’s future. The analyst argues that even though Kaspa may face a short-term correction, its long-term fundamentals are still strong. He describes Kaspa as “the most advanced form of commodity money ever created,” suggesting that its value will outlast fiat currencies in the long run.

However, optimism alone cannot lift prices. Market confidence needs technical confirmation. Until the KAS price starts closing above key resistance levels, traders might continue to take a defensive stance.

Read Also: Central Banks Won’t Use XRP for CBDCs? Analyst Says There’s a Twist

For now, November may not repeat its usual bullish story. The market still has time to shift, but as of today, the data shows no clear signs of a rebound.

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