TL; DR breakdown
- Kusama price analysis shows KSM is following a bullish trend for today.
- The price level has rebounded to $ 396.
- Support for KSM is found at $ 387.
The following Kusama price analysis continues to support the bulls as their performances have been unbeatable. The bulls continue to push prices, as they have for the past few days. The bullish effect has been shown to be permanent as the price level has now passed the $ 388 hurdle. The trend line is up as the bulls have held their lead for the last 4 hours in a row.
KSM / USD 1-Day Price Chart: Buyers outperform their competitors
The latest price analysis by Kusama shows that bullish momentum has increased over the course of the day. The past week has proven profitable for Kusama price as the bulls took over the market. Today the trend was the same as the price rose to $ 396. The progress is noticeable as price levels have also left the moving average (MA) behind, which is at the $ 370 mark.
KSM / USD 1-day price chart. Source: TradingView
The Bollinger Bands have widened, which also increases volatility. The Bollinger Bands indicator is important in validating our predictions and maintains the upper value of $ 394 and the lower value of $ 316. In addition, the Relative Strength Index (RSI) is at a neutral level and is at Index 62 at the time of writing.
Kusama Price Analysis: Recent Developments and Other Technical Notes
Kusama’s price analysis shows that the bulls have performed relatively smoothly, as can also be seen on the 4-hour chart. The price of Kusama has been rising steadily for the past few hours, reaching the USD 396 level. The price is above the moving average which, on the other hand, is $ 388. Volatility has increased, which leaves more room for the coin to move higher.
KSM / USD 4-hour price chart. Source: TradingView
The upper value of the Bollinger Bands indicator is $ 402 while its lower value is $ 360. The RSI score held its position after falling to index 62.
KSM / USD technical indicators chart. Source: Tradingview
The general trend seen over the past week has been largely bullish. The technical indicators chart puts buyers at the top. This is because there are 16 indicators that maintain the buy position, with nine indicators on the neutral side and only one on the buy side.
The oscillators show almost similar results as there are eight indicators on the neutral level, with one indicator remaining on the sell level and two on the buy level. On the other hand, the moving average favors the bulls as there are 14 indicators that are in the buy position, not the sell position and only one in the neutral position.
Conclusion of the Kusama price analysis
From this it can be concluded that the tides are moving in the bullish direction, as can be seen from the given Kusama price analysis. The cops have been making fairly rapid progress over the past few days. The upward trend can be confirmed by the rise in the Kusama price as it has now moved to a value of 396 USD. The available support of $ 387 has proven sufficient which has helped pave the way for a rebound.
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