- KSM coin price is observing a strong upside momentum and can soon observe a new high. In contrast, it is up by more than 4% in the intraday session.
- Technical indicators of Kusama hints towards a strong recovery in the price..Meanwhile, the KSM/BTC pair is up by more than 4.5% in the past 24 hours
Why Invest In KSM Crypto?
KSM crypto price hints towards a strong bullish recovery in the upcoming days . Kusma price is currently trading near $360 and is trading with a gain of more than 4% in the intraday session. The asset is also coined as a wild cousin of Polkadot. Kusama is an experimental blockchain network to provide new users a vast experience . KSM and DOT are made by the same companies which is Parity technologies .KSM/BTC pair has also started to revert back to the new high in the future. One can invest in KSM as per the positive signal and the breakout in price
KSM coin price has to travel more than 61% from its current level to reach a new high. Kusama market dominance along with the market cap is seeing a rise in the past few days.. Volume to market cap of Kusama price hints towards a strong upside momentum in price. If the ratio of the coin jumps above 0.8 then a rise in price can be seen.
KSM Crypto Price Technical Indicators Suggests A Strong Upside Momentum
Kusama crypto price weekly technical chart hints towards a strong upside momentum in price for upcoming weeks. On the daily chart the token price is observing a strong correction after a fall to $300 . The bullish momentum of KSM can see a hostility near the value of $450. The support in the price while seeing a downside momentum can be seen near $250. Kusama price is currently trading above the 50 and 100 Daily Moving Average, with a positive crossover in the past trading session. The 100 DMA of the coin is currently near $276 acting as a temporary bounceback zone in price. KSM price might see a recovery to the $500 for a new high in the future. KSM/BTC pair can also see a breakout from the previous resistance in the future.
Conclusion
KSM crypto price is seeing a weak bullish recovery in the price and can soon revert to a new high. KSM/BTC pair can also observe a major breakout in the future .
Technical Levels
Major Support:$250
Major Resistance:$450