KSM crypto price is currently in an uptrend and can soon cross beyond the $250. In contrast, it has seen a gain of more than 7% in the intraday session
Technical indicators for Kusama price suggest an uptrend for upcoming days . Meanwhile, the KSM/BTC pair has seen a gain of more than 7% in the intraday session..
Why Invest In KSM Crypto?
KSM crypto price is currently in an uptrend and can soon observe a new high in the future. Kusma price has seen a gain of more than 7% and is currently trading near the value of $210. The asset 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. Parity technologies are the one behind KSM and polkadot .KSM/BTC pair can also observe a strong uptrend momentum in the future. One can invest in KSM as per the price action and risk capacity.
KSM coin is currently ranked 55th in the CMC and has a market dominance of more than 0.11%. The volume of the asset along with the market cap has seen an increase in the last few days. Volume to market cap of Kusama price is 0.096 suggesting a consolidated momentum. If the ratio jumps above 0.85 then a strong bullish momentum can be seen.
Technical Indicators Suggests A Strong Upside Momentum In KSM Crypto Price
The weekly technical chart of Kusama price suggests a strong bullish momentum for the future. On the daily chart the price is in a strong uptrend . Resistance for the KSM crypto price while going upwards can be observed near the value of $250. The support in the asset price while going downwards can be seen near $150. Kusama price is currently trading below the 50 and 100 Daily Moving Average, with a negative crossover in the past. The 50 DMA is currently near the value of $220, making it a temporary hostile region for the price. KSM price can soon see a breakout above 50 MA in the future. KSM/BTC pair can also see a breakout above previous resistance and can soon see a new high.
Conclusion
KSM crypto price is currently in an uptrend and can soon see a major breakout. KSM/BTC pair can also see a strong uptrend in the future . An Investor should do their due diligence before investing.
Technical Levels
Major Support:$150
Major Resistance:$250