The price of Kaspa (KAS) is currently trading around $0.0817, hovering near a crucial support zone after experiencing a recent downward trend. Despite this decline, the token hasn’t generated much momentum, and traders are exhibiting cautious behavior as sellers continue to exert pressure. Yesterday’s Predictions Yesterday, we highlighted that volume remained relatively light, signaling fewer traders actively participating in Kaspa trading. This reduced activity makes it challenging for prices to break out of their current range. Trading Activity Analysis Open interest has been relatively stagnant, indicating that traders are cautiously engaged but haven’t taken significant positions. Net longs have declined, while shorts remain stacked high at approximately 1.19 billion, giving bears an advantage, but bulls are not completely relinquishing control. **The Kaspa Chart: Examining the Trends** Since losing strength above $0.12, Kaspa has been experiencing a steady downward trend. Before reaching a peak near $0.20 and subsequent selling pressure, it showcased lower highs and lower lows, indicating weak momentum. **Support & Resistance Levels:** Currently, KAS price resides near the $0.080-$0.082 support zone. If buyers can effectively hold this line, we could see a potential rebound towards the $0.10 area, where previous rallies failed. However, if this floor breaks, Kaspa might swiftly fall toward $0.055, the level that saw significant buying activity before. **Market Indicators:** Trading volume currently hovers around 102 million, with predictions pointing to a higher range of 118 million. This volume is significantly lower than the levels observed during earlier price surges, indicating muted market activity. **Net Longs and Shorts** Net longs have dropped to -1.25 billion, while shorts remain close to 1.20 billion. The balance leans toward a bearish outlook but suggests that traders aren’t resorting to excessive leverage. The open interest-to-market cap ratio stands at 0.0600, signifying sustained trading activity but not an overheated market. **Kaspa Price Outlook for September 5th** Today’s focus is on the crucial $0.081 support zone. If it holds strong, Kaspa might experience a short-term rebound towards $0.10 before the day concludes. If it fails to hold this line, we could see further losses toward $0.055. Key Points** The overall outlook for Kaspa is currently bearish under $0.10 with sellers dominating, but buyers remain committed to defending this critical area. **Stay Connected** Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.