- Kusama price is trying to retain its position inside the consolidation phase, in which it consolidated for so long.
- The crypto asset still falters below 20, 50, 100 and 200-days Daily Moving Average.
- The pair of KSM/BTC is at 0.002363 BTC with an intraday drop of 0.64%.
Kusama price is trying to retain its position over the daily price chart. The token is trying to gain uptrend momentum to retain its position. However, KSM bulls failed to sustain near the lower trendline and got detained. KSM coin price must accumulate more buyers in order to get back its position. KSM investors need to wait for any directional change over the chart. KSM buyers need to come forward to let KSM surge over the chart.
Kusama price is presently CMP at $49 and has lost 1.97% of its market capitalization in the last 24-hour period. Trading volume has decreased by 8.05% in the intraday trading session. This shows that KSM is facing serious selling pressure over the chart. Volume to market cap ratio is 0.2364.
KSM coin price is trying to retain its uptrend momentum over the daily price chart. It got up from its lower level and then bulls failed to sustain at the verge of horizontal range-bound area. However, volume change signifies that KSM is under the influence of bears and is falling over the daily price chart.
Support on the lower end is at $43 and resistance on the higher side is at $60.00
Are KSM bulls Preparing for a Breakout?
KSM coin price got an opportunity to rise and regain its uptrend momentum over the daily price chart. The token must accumulate forces of buyers in order to retain its position inside the horizontal range-bound area. Technical indicators suggest the downtrend momentum of KSM coin. Relative Strength Index showcases the bearish momentum of KSM coin. RSI is at 34 and KSM investors need to wait for any directional change. MACD exhibits the downtrend momentum of the KSM coin. MACD line is overlapping the signal line and is about to signal any direction for the KSM investors.
Conclusion
Kusama price is trying to retain its position over the daily price chart. The token is trying to gain uptrend momentum to retain its position. However, KSM bulls failed to sustain near the lower trendline and got detained. However, volume change signifies that KSM is under the influence of bears and is falling over the daily price chart. The token must accumulate forces of buyers in order to retain its position inside the horizontal range-bound area. Technical indicators suggest the downtrend momentum of KSM coin. RSI is at 34 and KSM investors need to wait for any directional change.
Technical Level
Support Level: $43
Resistance Level:
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.