Kaspa has been quietly working its way higher, shaking off the drop that hit most altcoins in early August. After falling to $0.0799 on August 1, buyers stepped in and gradually pushed the price back into the mid-$0.09 range. At the time of writing, KAS is trading around $0.0944, holding most of the gains from the past week.
Kaspa Chart Analysis
The Kaspa chart shows a clear change in momentum compared to the start of the month. Late July’s rally saw Kaspa break above $0.11 and touch $0.1189, but sellers quickly took profits, sending the price into a sharp correction.
From August 2 onward, KAS began forming higher lows – a sign that buyers are defending the dips. The rebound from the $0.08 area has been steady, with no aggressive pullbacks, suggesting accumulation by market participants.
Looking at the data:
- Volume is at 43.58M, lower than the late July spike but still healthy. The steady activity without major selling spikes indicates the market is balanced for now.
- Open interest sits at $111.67M, slightly below last week’s levels. This shows traders remain engaged, but new leverage inflows have slowed.
- Net long positions are at $-116.09M, meaning some bullish traders have closed or reduced their exposure.
- Net shorts are at $123.54M, a noticeable jump. This means more traders are betting on downside – and if the price breaks higher, these shorts could get squeezed.
The key takeaway is that the market is leaning slightly bearish in positioning, but price action has been resilient.
Read also: How Much Could 12,750 Kaspa (KAS) Tokens Be Worth by 2026?
We Asked GPT for This Week’s Kaspa Prediction
When asked to predict Kaspa’s price for the rest of the week, GPT highlighted two realistic scenarios:
Bullish case: If Kaspa holds above $0.092, momentum could carry it toward $0.098 and potentially the psychological $0.10 level. Breaking $0.10 with strong volume could open the door for a run toward $0.105.
Bearish case: A drop below $0.090 could invite more selling, sending the price back toward $0.087. If that level fails to hold, $0.083 would be the next key support to watch.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
