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Kusama Price Analysis: KSM Coin Gradually Marching Towards $500 Mark

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  • 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.
Source: KSM/USDT on TradingView

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.

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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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Kusama

Kusama price analysis: Bears encounter defeat at $380 as bulls fight back

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  • The price has increased up to $383.
  • Kusama price analysis confirms bullish recovery.
  • Support is still available at $318.3 point.

The latest Kusama price analysis is confirming that the price has covered upward movement in the last 24-hours. The bearish pressure increased in the past few days, but the bulls managed to escape by taking price higher. The uptrend has been resumed as the bullish momentum overpowered the bearish attempts for lead. The price heightened up to the $382.72 level today as a consequence of the bullish return.

KSM/USD 1-day price chart: KSM value receives a boost above $382.7 level

The price is going high once again as the green candlestick has returned to the price chart. Although the cryptocurrency faced substantial loss in the last few days, the price is now moving in the ascending direction again. The KSM/USD price has reached a $382.72 position today, which is a moment of encouragement for the buyers. The price is above the moving average (MA) value as well which is currently settled at $362.32.

Kusama price analysis: Bears encounter defeat at $380 as bulls fight back 1

The SMA 20 curve is now traveling higher than the SMA 50 curve, which is another confirmation of the uptrend. The upper Bollinger band is touching $384.3 point whereas the lower Bollinger band is touching the $318.3 mark for now. The Relative Strength Index (RSI) score has also improved up to 58.51 level today.

Kusama price analysis: KSM price drops to $383 level amidst an ongoing upswing

The price is going down according to the four hours Kusama price analysis. The bulls had been leading quite consistently in the earlier hours, as an uptrend was at its peak. The price almost crossed the resistance present at $385, but the bears intervened by bringing the price down to $382.72. The price is still standing above the moving average indicators’ value, which is present at the $374.64 position in the four hours price chart.

Kusama price analysis: Bears encounter defeat at $380 as bulls fight back 2
KSM/USD 4-hours price chart. Source: TradingView

The Bollinger bands average has increased up to $373.75 after the rise in price in the prior weeks. Meanwhile, the upper value of the Bollinger bands Indicator is now standing at $385.04 while their lower value is found at $362.47. The RSI curve is has descended to 61.48 level because of the sudden drop in price.

Kusama price analysis: Bears encounter defeat at $380 as bulls fight back 3
KSM/USD technical indicators chart. Source: TradingView

The price has moved to a higher level if we compare the current scenario with the situation observed a few months back. The technical indicators chart for KSM/USD is thus giving out a positive hint for the buyers. There are 15 indicators on the buying position, nine indicators on the neutral, and only two indicators on the selling position.

The moving averages indicator is giving out a strong bullish signal for the day as well. This is why there are 13 indicators that are standing on the buying position, while both of the selling and neutral positions are holding one indicator each. The Oscillators, on the other side, are going neutral as there are eight oscillators at the neutral level, two oscillators at buying level, and one oscillator at the selling level.

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Kusama price analysis conclusion

The one-day and four hours Kusama price analysis is confirming that the bullish momentum has been recovered during the day. The price has been able to rejoin the $382.72 position by receiving a bullish push. Although the price underwent a decline earlier, the bulls are yet again in the leading position.

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Kusama price analysis: KSM devalues up to $347.12 after facing a loss

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  • The price has moved down to $347.12.
  • Kusama price analysis confirms downtrend.
  • Cryptocurrency is being supported at $321.3.

The Kusama price analysis reveals the bearish momentum is on the rise once again as the price experience fall during the last 24-hours. A downtrend has been following since the past few days with some bullish retraces, and even today the price underwent a slight decline. This is a quite discouraging sign for the buyers as now the price has dropped down to the $347.12 level. Chances of recovery seem low as the hourly prediction is indicating a bearish trend as well.

KSM/USD 1-day price chart: Cryptocurrency enters the danger zone as price hangs below $347

The one-day Kusama price analysis is showing a bearish trend for the day as the price has gone under decline. The bearish momentum has been intensifying over the past few days, and today, the trend has been no different. The price has been lowered to the $347.12 level after the latest downturn in price movement. If we talk about the moving averages indicator (MA), then its value is standing at $344 at present.

Kusama price analysis: KSM devalues up to $347.12 after facing a loss 1

The volatility has slightly decreased which is an indication of an upcoming uptrend. The upper Bollinger band value is $364.51 whereas the lower Bollinger band value is $321.3 for the one-day price chart. The Bollinger bands are also maintaining an average of $343. Lastly, the Relative Strength Index (RSI) score is at 50.4 now.

Kusama price analysis: KSM value degrades to $347 after bearish price movement

The price is going down once again as a bearish trend has been observed during the last four hours. Although the price recovered earlier for a brief period, the most recent trend is going in the favor of bears. The drop has been quite damaging for the market value of KSM, as the price has been decreased up to $347.12. The current price is still below the moving average, whose value is going at $347.15 for the four hours price chart.

Kusama price analysis: KSM devalues up to $347.12 after facing a loss 2
KSM/USD 4-hours price chart. Source: TradingView

The Bollinger band indicator average is going at $347.63, whereas the upper Bollinger band is showing a $359.50 value and the lower Bollinger band is showing a $335.76 value. The RSI score has decreased as well as it is at 50.37, which is a quite neutral figure.

Kusama price analysis: KSM devalues up to $347.12 after facing a loss 3
KSM/USD technical indicators chart. Source: TradingView

The price has been relatively at a higher position if compared to the progress of the past few months. This is why the technical indicators chart for KSM/USD is indicating a bullish trend, with 15 indicators on buying position, nine indicators on neutral position, and only two indicators on selling position.

The moving averages indicator is showing strong support for the buyers as well. There are a total of 12 indicators on the buying position, two indicators on the selling position, and only one indicator on the neutral position. The Oscillators are almost giving similar hints as there are eight oscillators at the neutral position, three at buying position while no indicator is found at the selling position.

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Kusama price analysis conclusion

The Kusama price analysis suggests a downward movement in price has been recorded during the last 24-hours, which is indicative of the bearish trend. The price has dropped down to the $347.12 level because of the constant downtrend that has been following for the past few days. The price might go lower in the coming hours as the four hours price chart is indicating a decrease in price as well.

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Kusama price analysis: KSM rejoins $338 level as bullish momentum reignites

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  • The price heightened up to $337.96.
  • Kusama price analysis favors the bulls.
  • Support is surviving at $313.52 level.

The Kusama price analysis suggests the price is going up once again as the bullish momentum is overpowering the bears at present. The bulls are trying to find their way to recovery, and after consistent efforts, they have been able to bring the price above $337. The past few days proved unfavorable towards the cryptocurrency value as the price underwent decline on various instances. Yet, today an increase in price has been detected which is an encouraging sign.

KSM/USD 1-day price chart: Price retouches $338 after overcoming major loss

The price is on the rise once again as it can be confirmed from the one day Kusama price analysis. The bulls have been able to recover successfully as the price levels are now touching the $338 height. The past few days proved fatal for the coin value as its value went down quite regularly. But now the bulls are back on track, and are on their way towards the moving average (MA) value which is at $342.42.

Kusama price analysis: KSM rejoins $338 level as bullish momentum reignites 1

The volatility has been decreasing quite rapidly which means that further uprise in price can be expected in the future. Whereas the upper and lower values of the Bollinger bands indicator are as follows; the upper band is settled at $363 while the lower band is at $313.52. The Relative Strength Index (RSI) score has been maintained up at 47.75 as well.

Kusama price analysis: KSM price stoops down to $338 as a result of bearish trap

The price is going down in the four hours Kusama price chart as the bearish candlesticks have returned. The price has dropped up to $337.90 in the last four hours, thus strengthening the downtrend. The bears have been ruling consistently since the past few hours, and it is expected that the price will experience fall again. The price is below the moving average value as well which is currently settled at $349.

Kusama price analysis: KSM rejoins $338 level as bullish momentum reignites 2
KSM/USD 4-hours price chart. Source: TradingView

A crossover between SMA 50 and SMA 20 is to be expected in the approaching hours which is also a bearish indication. The upper Bollinger band is resting at the $365 position while the lower Bollinger band is at $334. The RSI score has also decreased up to 43.44 as result of bearish slide.

Kusama price analysis: KSM rejoins $338 level as bullish momentum reignites 3
KSM/USD technical indicators chart. Source: TradingView

The overall trend since the past few months has been bearish as the price receded down to new lows. The technical indicators chart is further confirming that with a total of 13 indicators on the selling position, nine indicators on the neutral position and four indicators on the buying one.

The moving averages indicator is strongly favoring the sellers as well with a bearish signal. There are 11 indicators that are present on the selling position, three indicators on the buying, and only one indicator on the neutral position. The Oscillators are giving a neutral hint for the day with eight oscillators on the neutral mark, two oscillators on the selling mark and only one on the buying mark.

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Kusama price analysis

As per Kusama price analysis, the price has undergone improvement today as it returned back to the $338 level in the last 24-hours. This is an encouraging sign for the buyers as the price has been traveling low for the past week. A downtrend is to follow in the upcoming hours as the hourly prediction is displaying favorable results for the sellers.

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