- The Kusama coin price testing the $190.40, 20-EMA during the intraday
- KSM/BTC pair is trading negative by 5.7% at 0.004971745 BTC
- The 24-hour trading volume in Kusama is $165 Million
The daily technical chart of the Kusama coin displays the price struggling to breakout 20-EMA. According to pivot levels (FIB), KSM’s crucial support level is $158. On the opposite side, if it goes up, the required resistance level to observe is at $300. Thus, while the intraday chart forms a Doji star candlestick pattern, divining prices may soon shift sideways with average dependability.
The exponential moving average (EMA) included 20,50,200-EMA can be substantial support for coin price changes. However, investors can perceive that the price moves below the orange line, ensuring a downward trend until the price stays below the EMA-200. Also, on the chart, a death cross can be marked.
Volume of (61.62K) is below the MA of 20-days (136.218K). buying pressure is low in KSM, making its price remain around the support zone. Investors may also recognize declining volume bars in the chart, which intimates a big move is expected in upcoming trading sessions.
The CCI indicator gave a (neutral) signal with -23, projecting a sideways move in the coin. Investors may observe a declining slope from 10 to -23. It may plunge in future trading sessions.
Kusama (KSM) Coin Requires High Buying Volume Above 20-MA
The Kusama coin price is trading at $185.17, a loss of 7.6% in 24-hours, and negative by 11.8% in a week. In addition, with the low buying volume, price movement is recovering slowly. However, the CCI indicator flips to neutral. Therefore price levels are below 200-EMA. Technically, the price gains momentum and tests the EMA-20. Therefore, as with the overall market view, the trend is bearish.
Resistance Level: $300
Support Level: $158