- KSM coin price is currently in a downtrend which can push it to a low of $240 in the future. In contrast, it has observed a loss of 5.1% in the intraday session.
- Kusma price technical indicators suggest a strong downside momentum for upcoming days.Meanwhile, the KSM/BTC pair has seen a loss of more than 3% in the past 24 hours
Why Invest In KSM Coin?
KSM coin price is currently seeing a downside momentum on the daily chart which can push it to a new low . Kusma price has observed a loss of more than 3% in the past 24 hours and is trading near the value of $289. The asset is also coined as a wild cousin of Polkadot. It is an experimental blockchain platform to provide a greater experience . Parity technologies are the brains behind Kusama and Polkadot .KSM/BTC pair is also seeing a loss on the daily chart which can soon revert to the uptrend One can invest in KSM as per the positive signal and the breakout in price
KSM coin price has seen a downslide of more than 53% from it’s all time high. Kusama is ranked 52nd in the CMC and has a market dominance of more than 0.12%. Volume to market cap of Kusama price suggests a consolidated momentum in price for the upcoming day. If the ratio goes above 0.8 then a strong bullish momentum can be seen.
Technical Indicators Hints A Strong Upside Momentum In KSM Coin Price
Kusama coin price weekly technical chart suggests a strong upside momentum for upcoming days. On the daily chart the price is currently observing a correction mode . The bullish momentum of KSM can see a halt near the value of $400. The support in the price while going downwards can be observed near $200. Kusama price is currently trading above the 50 and 100 Daily Moving Average, with a probability of a positive crossover in the future. The 100 DMA of the coin is currently near $268 acting as a temporary support. KSM price can soon observe a new high of $500 in the upcoming days. KSM/BTC pair can also see a new high being formed in the future
KSM coin price is currently in a consolidation but can soon revert to the uptrend. KSM/BTC pair can also see a strong bullish momentum in the future . An Investor should do their due diligence before
Kusama Price Analysis: KSM Coin Gradually Marching Towards $500 Mark
- The KSM coin is in a downtrend, around -1.8%, during the intraday trading session.
- The 24-hour trading volume is at $162 million.
- KSM/BTC pair is trading negative by -2.3% at 0.00832560 BTC.
Daily technical chart and price trend of KSM coin are showing an uptrend. Based on the pivot level, the first support zone is 325 USDT. From another perspective, if it rushes, the resistance level to watch is 500 USDT. Thus, the graph made a bullish inside candle pattern during the day, and the cost is relied upon to remain upside with unwavering medium force.
The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost flies above the green ribbon, so it will guarantee an upswing in Kusama until the cost dwells above.
Trading volume (12.909 K) is underneath the 20-day moving average (243.318 K). To put it plainly, the volume is low and increasing, making the cost sustain around the pivot levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is typical in the following trading days.
The MACD indicator gives (bearish) cross over the signal line on Sep 17, demonstrating a sell signal in the coin. Additionally, Investors can see emerging red bars on the Histogram index.
Kusama (KSM) Coin Gains 40% in a Month
Kusama price is $ 403.79 today, and the 24-hour trading volume is $ 162,273,722. KSM prices have fallen -1.8% in the last 24 hours. The circulation of KSM coins is 9 million, and the total circulation is 10 million. The MACD points to a selling indication, and the traders have prompted low volume and keep on increasing. In fact, the cost is over the pivot regions and proceeds in an upturn. In like manner, with the general market perspective, the pattern stays bullish for coming trading days.
Resistance Level: $500
Support Level: $325
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