KUSAMA Price Analysis: KSM Token Price Experiences Death Cross, Bears Ready To Take Power

  • The price of KSM tokens is hovering around the $ 185 mark, predicting some kind of consolidation.
  • The falling 50-day EMA could soon cross the 200-day EMA creating a death cross signal.
  • The KSM / BTC pair is trading at 0.005907 BTC, up +1.49% intraday

KSM token prices fell to $ 525 after experiencing a heavy sell-off, creating a sustained downtrend. KSM token prices fell 65% as this trend could not be reversed or its critical support levels broken.

The KSM token price chart showed some buying pressure, but it didn’t stop the downward trend. The price fell as the resistance trendline was held.

As the coin price has stopped falling below $ 185, it is hovering above the horizontal level indicating consolidation. The recent death cross could lead to the consequences of the level.

Currently, the KSM token price is $ 188.06 with an intraday gain of + 2.04%. When the token price goes down, so does the volume of trading. The intraday trading volume of the coin has almost doubled to + 80%.

Will KSM token price break the $ 185 mark?

KSM token price trades below any significant levels that project a bear market. Coin price could soon drop below the horizontal levels as the underlying bear market builds.

The falling EMAs on the 4-hour chart in the bearish direction reflect the growing bear market in the KSM price chart. In addition, the important supply area that moves with the 100-period EMA will ruin any bullish attempt.

According to the Pivot Point Standard (Traditional, Auto), the coin price may find support near the $ 165 and $ 120 marks. However, a bullish uptrend, on the other hand, could find resistance near the $ 215 and $ 250 levels.

The relative strength indicator (Bearish).

The ADX indicator predicts a decline in trend dynamics.

The MACD indicator generates a sell signal on the 4 hour chart as the MACD line crosses the signal line from above.

Conclusion – The KSM token price is hovering along the $ 185 mark, projecting a zone of accumulation near the horizontal plane. A bearish breakout seems plausible as technical indicators show that the bear market is intensifying.

support – $ 165 and $ 120

resistance – $ 215 and $ 250

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