$KAS About to Trap Buyers Again? KAS / Tether PERPETUAL FUTURESMEXC:KASUSDT.PLeo524KASUSDT Analysis KAS is currently trading inside a broader bearish structure on the higher timeframe, with price consistently forming lower highs after a strong breakdown. Even though we’re seeing short-term stabilization, the overall trend still remains weak and positioned closer to a premium area within the local range. Liquidity above the recent highs has already been taken, and the reaction from that zone was immediate rejection. Instead of continuation, price showed weakness, which is often a sign that the move was more of a stop hunt rather than real buying strength. Looking at positioning, open interest increased during the push into highs, but price failed to sustain momentum. This usually indicates that longs were building into resistance and are now likely trapped, which adds pressure for a potential downside move. I’m mainly watching how price behaves on any bounce back into the 0.038–0.040 region. If rejection continues and strength fails to return, the bearish continuation becomes the more probable path from here. Analysis by Leo524. #KAS #Crypto #Leo524