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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.

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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