Kaspa price is trading around $0.0814 right now, holding steady after a few choppy weeks that have taken it down from the highs near $0.20.
The steady pullback has left KAS sitting right on top of the $0.08 support area. Traders are watching closely to see if this level can hold, or if another leg lower is coming.
What you'll learn 👉
What We Got Right Yesterday
In yesterday’s prediction, we pointed out that the big sell-off came with heavy volume, showing how aggressive the bears were. On the other hand, the rebound didn’t have the same strength, which made it hard for bulls to push the KAS price higher.
We also said that $0.08 support would be key, and so far, that’s been the case. Buyers have kept KAS above it, which means price is still moving inside the expected range. But volume remains thin, and that tells us the market hasn’t picked a clear direction yet.
On top of that, open interest was around 400M, showing traders were still active but leaning bearish. Net longs have dropped off, while shorts stayed firm, which explains why every upside attempt has been capped quickly.
What the Kaspa Chart Is Showing
Looking at the daily chart, the downtrend from $0.20 is still intact. Since mid-summer, KAS has been making lower highs and lower lows, with rallies stalling below $0.12–$0.13.
Right now, the token is hanging just above $0.08 support, which has been tested more than once. If buyers can step in here, a bounce toward $0.095-$0.10 is possible.
But if $0.08 breaks cleanly, we could see the Kaspa price drop fast toward $0.065–$0.055, the last area where a strong rebound started.
Market Indicators
Trading volume is sitting near 137M KAS, much lighter than what we saw earlier in the summer. That tells us fewer traders are chasing the moves during this correction. The bigger red candles still show that sell pressure has been stronger than buy activity on the dips.
Open interest has been drifting lower since August, but it’s still active. Net longs are weak, while shorts sit higher at around 1.21B, leaving the market tilted toward the bearish side.
The open interest to market cap ratio is at 0.059, which suggests leverage is in play and sharp moves could happen if price breaks key levels.
Read Also: Kaspa Price Hit by Record Long Liquidations as Network Activity Explodes
Kaspa Price Short-Term Outlook for Today, September 9
All eyes today are on the $0.08 level. If KAS holds above it, a move back toward $0.095-$0.10 looks possible before the day ends. If that support gives way, though, the next stop is likely around $0.065-$0.055.
For now, the short-term outlook is cautious. Kaspa price is stuck between holding its base and the risk of another drop. What happens around $0.08 today will set the tone for the next move.
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