In a surprising market shift, KAS prices have rebounded 15% from a two-year low, marking one of the most significant gains in the past 24 hours. This resurgence was supported by a notable increase in market activity, with both trading volume and open interest rising, suggesting renewed investor confidence.

The rally in KAS prices was accompanied by a 95% increase in daily trading volume, reaching $189 million. This substantial rise indicates strong market participation and heightened investor interest, showing that the price surge is driven by genuine demand rather than speculation.

Furthermore, the open interest of KAS has increased by 7% to $64 million, reflecting growing market engagement and the influx of new capital into KAS positions. This increase is a sign of heightened trust in the asset's price trend, hinting at sustained bullish momentum.

The funding rate for KAS has shifted from negative to positive, highlighting a change in sentiment. Current funding rates stand at 0.0013%, indicating a positive outlook among investors. This change signifies that the market sentiment is optimistic, with traders willing to pay a premium to maintain long positions.

Currently trading at $0.066, KAS has found support at $0.065, a critical juncture. Should this support hold, KAS could potentially reach $0.081 in the near term. However, strong selling pressure may push KAS below the $0.065 support, possibly dropping to $0.049.