Kaspa Price Action After July Highs
Kaspa (KAS) has been sliding since peaking near $0.118 in late July. The move carved out a steady downtrend, with lower highs and lower lows defining the chart. The sharpest correction came at the start of September, when sellers drove KAS below $0.07 before buyers stepped in to defend the level.
Since then, the recovery has been modest. The price is stabilizing around $0.080, but the bounce has lacked the conviction to shift momentum decisively. Traders now view this level as the critical pivot zone for the short-term outlook.
What the Kaspa Chart Shows Today
The 4-hour chart highlights the ongoing struggle between bulls and bears. Resistance remains stacked at $0.085–$0.090, while immediate support sits at $0.070. Price fluctuations around $0.080 show indecision, with each test of resistance quickly fading under selling pressure.
If buyers can secure a sustained move above $0.090, the short-term trend could flip bullish again. On the flip side, slipping under $0.080 would leave the door open for another retest of $0.070, which could reignite bearish momentum.
Market Indicators and Trading Volume
Trading volume spiked heavily during the sell-off, signaling strong bearish conviction. However, the rebound since then has come with lower activity, suggesting bulls have yet to match that intensity.
Open interest currently sits around 400 million, showing that traders remain engaged but cautious. The gradual decline in open interest since August signals reduced speculative appetite, even as bears maintain an upper hand.
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Long vs. Short Positioning on KAS
Positioning data reflects market sentiment clearly. Net longs have fallen off sharply, while shorts remain strong at approximately 320 million. This tilt toward bearish bets explains why every rally attempt has faced strong resistance.
The imbalance leaves KAS vulnerable if buying momentum fails to build. Until bulls start reclaiming positions, the path of least resistance remains skewed to the downside.
Key Levels to Watch for KAS Today
The $0.080 level is today’s critical line in the sand. Holding above it gives bulls a chance to push toward $0.085 or $0.090. Breaking through $0.090 with conviction could reset the short-term structure and spark a recovery phase.
Failing to defend $0.080, however, would hand control back to bears, making another drop to $0.070 highly likely. That support has already been tested, and another visit could erode confidence further.
Short-Term Sentiment Around Kaspa
For today, sentiment remains cautious and tilted toward the bearish side. Kaspa is showing signs of stabilization, but the weight of short positions and weak buying volume leaves it at risk of renewed pressure.
Unless KAS can punch above resistance zones with conviction, the market will continue favoring the downside. Bulls have a narrow path, but they must act quickly to prevent a deeper slide.
\KAS Still at Risk Despite Stabilization
Kaspa’s short-term future hinges on its ability to hold the $0.080 pivot. Above this level, incremental gains toward $0.090 are possible, but without stronger buyer conviction, upside remains capped. Below $0.080, the bearish case strengthens, with $0.070 as the next target.
Until momentum shifts in favor of bulls, the cautious outlook remains valid. For now, the bears continue to hold the upper hand in Kaspa’s price action.
