- The KSM bears reclaim the 50-day EMA
- The KSM/BTC pair was trading at 0.006152 BTC with a loss of 8.07%
- The 24hr trading volume in KSM coin is $138.3Million
On 28the September, the KSM coin price bounced from the $300 support, providing new hope to market buyers for the end of its retracement phase. However, the price could not break even the nearest resistance of $360, resulting in price reversal from this resistance. The KSM price is now again dropping and will soon retest the bottom support level.
Concerning the EMA’s, The KSM the coin price trading above the crucial EMA of 100 and 200, indicating a bullish trend in this coin. However, the price has again crossed below the 20 and 50 EMA lines.
The RSI is currently at 45, indicating the market sentiment for the KSM coin is still bearish. However, the RSI line has started to show a positive turn, suggesting the buyers are slowly increasing in strength.
The KSM Coin Price Is Resonating In A Small Range
For more than two weeks, the KSM coin price has been resonating between two defined levels of $360 and $300, creating a narrow range in its chart. The crypto trader can use the levels of this range to grab an excellent trading opportunity once the price breaks out from either of these crucial levels. The current price of the KSM coin is $337.4, with an intraday gain of 0.04%
The moving average convergence/divergence indicator (BEARISH) shows that both the MACD and the signal line have just moved below the neutral area(0.00), indicating bearish momentum in the KSM coin.
Conclusion: From a technical perspective, the overall trend for the KSM coin is still bullish. And as mentioned, the price is trying to hold above the $300 level, maintaining crucial support for the market buyer. However, if the price drops below this level, the long traders can find the next strong support at the $270-262 mark.
Support- $300
Resistance: $360