Kaspa’s price is currently hovering around $0.08517, displaying a steady performance after weeks of sideways trading. While traders remain cautious, the market awaits a breakout to either rise or fall. 7-day volume has significantly decreased compared to the summer peak, and the current trading activity reflects this trend. 59% of open interest against market cap ratio suggests that leverage is present but manageable, and recent shifts in long positions and shorts show a slight tilt towards bears. 7-Day data reveals that buying pressure supports the $0.08-$0.082 support level. A strong close above this threshold may unlock potential for further gains towards the $0.10-$0.11 range. Conversely, if sellers break through, a downward movement toward the $0.052 price point could be imminent. The daily chart shows Kaspa’s impressive surge earlier this year, reaching highs around $0.18-$0.20 before encountering seller resistance. After failing to hold gains in the $0.12-$0.14 range, the token experienced a steep decline to $0.052. However, it has since bounced back to $0.11-$0.12 but struggled to sustain those levels. 7-day volume remains near 206M, while predicted volume suggests an upward trend of 233M, indicating that the market is still cautious. Short and long positions are relatively balanced, while open interest-to-market cap ratio remains steady at a value of 0.059. A surge in this indicator alongside price action could signal fresh momentum. Overall, we anticipate a further sideways movement until the market experiences significant volatility. Stay tuned for updates.