Kaspa price is trading around $0.08066 right now, holding steady after a big pullback from its summer highs.
The price is sitting right on a key support level, and everyone’s watching to see if this zone holds or if sellers push it lower.
What you'll learn 👉
What We Got Right Yesterday
Yesterday, we talked about how trading volume has dropped off compared to July’s rally. That hasn’t changed. With turnover near 137M KAS, there just aren’t as many traders chasing moves during this correction.
We also pointed out that shorts were heavier than longs, with about 1.21B stacked on the bearish side. That’s still true today, which means bears have a slight edge in the market.
And of course, we flagged $0.080 as the level to watch. So far, bulls have managed to defend it. That’s kept the price stuck in the expected range between $0.080 and $0.090. No breakout yet, and momentum is still flat.
What the KAS Chart Is Showing
Looking at the daily chart, the story is pretty clear. Kaspa ripped through $0.08 in July and ran all the way to $0.13. Then the rally faded, and price dropped back under $0.09. That pullback set up a trend of lower highs and lower lows.
KAS did try to bounce from the $0.065 zone and climbed back above $0.10, but sellers stepped in again. Since then, the token has drifted back down and is now testing the $0.078-$0.080 support.
If buyers show up, a bounce toward $0.090 or even $0.10 could play out. But if $0.080 breaks, a quick slide back to $0.065-$0.070 looks likely.
Market Indicators
Volume is still light, nowhere near the levels we saw during the summer rally. That tells us traders are waiting for a clear signal before jumping back in.
Open interest has been drifting lower since August, but it’s still active. The open interest to market cap ratio is sitting at 0.059, which means leverage is in play. Shorts remain heavier than longs, so sellers still control the momentum for now.
All together, the data paints a cautious picture. Bears are leaning on the downside, while bulls are fighting to keep $0.080 alive.
Read Also: Kaspa Price Hit by Record Long Liquidations as Network Activity Explodes
Kaspa Price Short-Term Outlook for Today, September 10
Today it’s all about the $0.080 level. If Kaspa holds above it, we could see a bounce back toward $0.090 pretty quickly. If it slips under, though, the next stop looks like $0.065-$0.070.
For now, the short-term outlook is leaning bearish, with KAS price stuck right at its biggest support of the past month. The action today will tell us whether bulls can defend this floor or if sellers drag the price lower again.
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