- KSM coin price is currently in a consolidated zone and can hit a low of $150 in the future. In contrast, it has observed a loss of more than 8% in the intraday session.
- Technical indicators for KSM price hints at consolidated momentum for the future . Meanwhile, the KSM/BTC pair is seeing a downtrend on the daily time frame..
Why Invest In KSM Coin?
KSM coin is currently trading in a consolidated zone and can hit a new low in the future. Kusma price is currently trading near the value of $180 and has observed a loss of 8% in the intraday session. It is also described as the wild cousin of Polkadot. It is an experimental blockchain platform that is designed to provide scalable frameworks for the developers. It was built by the same team as Polkadot, a company called Parity technologies. It is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development. KSM coin price is currently in a slump but can soon see revert back to the bullish trend. KSM/BTC pair can also see a strong bullish momentum in the future. One can invest in KSM as per their risk adversity.
Technical Indicators Hints Towards A Consolidated Momentum For KSM Coin Price
Kusama’s weekly technical chart highlights a bearish momentum for price for upcoming weeks. On the daily chart the price has formed a consolidated zone . Resistance for the KSM coin price while going upside can be seen near $250. The bounce back in the asset price while going down can be seen near $120. Kusama price is currently below the 50 and 100 Daily Moving Average, with a negative crossover in the past. The 50 DMA is currently near the value of $239, making it a temporary resistance region for the price. If the KSM breaks above the zone then a strong bullish momentum can be seen in the future. KSM/BTC pair can also break the resistance created in the past and can see a new high.
KSM coin price has given great returns to investors in the past and can soon see the uptrend. It can soon see the same gains and popularity as Polkadot. An Investor should do their due diligence before investing.