- The price of KSM tokens has flipped from $ 240 and could soon hit the $ 190 mark
- KUSAMA mainly trades the daily EMAs and forecasts bullish transitions.
- The KSM / BTC pair is trading at 0.007875 BTC, with a -0.26% intraday decline.
The price of KSM tokens broke the $ 350 mark, resulting in a solid bullish candle formation. As a result, the token price rose more than 50% over the past week due to increased buying pressure.
Crypto asset price has struggled to stay above $ 350 since jumping nearly 50%. However, coin prices are now declining as a renewed test that could drive prices higher in the near future.
The KSM token is trading at $ 377, which is a -0.57% drop in market cap over the past day, suggesting that the price will continue to rise as it nears the retest.
KUSAMA’s intraday trading volume is up 26%, suggesting that bullish investors are less interested in the stock.
Bulls are happy about the drop in the KSM token price
The technical chart for the 4 hours shows that the trading volume in the KSM token price has increased. Thus, the bullish momentum continues to drive price action. The formation of bullish candlesticks continues to be a sign of this.
Technical analysis of KUSAMA’s price action shows that a bullish breakout could struggle to break above $ 410-450. Additionally, if prices break the 20-period EMA, the bearish bias could drop below 30% to 50%.
As the RSI approaches the overbought territory, the bullish momentum is unmistakable on the RSI indicator.
The ADX indicator denotes a rush of momentum for the price trend.
The trend is strengthening and the general bull market is increasing, according to ADX & RSI.
diploma – The KSM token price reversed from $ 410 and is now going back to the $ 350 mark. Investors could see the $ 350 mark push the price back up to hit the $ 450 mark.
support – $ 350 and $ 325
resistance – $ 450 and $ 475
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