- KSM coin chart shows the 50 and 100-day EMA are on the verge of giving a bullish crossover
- The KSM/BTC pair was trading at 0.00734BTC with a gain of 25.36%
- The 24hr trading volume in KSM coin is $642.4 Million
As mentioned in my previous article on the KSM token, the price showed a minor pullback to the 0.382 FIB level, and after taking proper support from this level, the bulls are now back and stronger than before. Today the price showed a 25% gain in its intraday session and revealed another long opportunity with a breakout from the crucial level of the $355 mark.
Regarding the EMA’s, The KSM token shows a bullish sentiment as the price trading is higher than the crucial EMA’s 20, 50, 100, and 200. The chart also shows that the 50-day and 100-day EMAs could soon offer a bullish crossover.
The RSI (BULLISH) value is at 68, indicating the bullish sentiment is intact for the KSM coin. However, the RSI has shown a slight divergence concerning its price action.
KSM Coin Crypto Chart In The 4hr Time Frame
The KSM token shows a highly reliable ascending trendline in its chart, providing good support to its price. The KSM trader can use this trendline to grab some great entry opportunities in this ongoing rally. As said above, the token’s price has given a breakout from the $355 resistance, and traders can wait for a proper retest before entering the Crypto market.
The MACD indicator (BULLISH) shows both the MACD and signal lines are moving below the neutral zone(0.00), indicating bullish momentum in the price. Moreover, the indicator shows rising green bars on its histogram chart, supporting the token bulls.
Conclusion: From a technical perspective, the overall trend of the KSM coin is bullish. Moreover, the price has given a decisive breakout from the $355 resistance, displaying a new opportunity for KSM traders. If the price manages to sustain above this level, the long traders can expect the nearest target of around the $390-400 mark.
Support– $355
Resistance- $390