Kusama Price Analysis: The KSM Coin Price has given a positive breakout for the new high

  • The KSM coin price is currently experiencing a strong upward momentum and may soon hit a new high. It trades at a profit of more than 5.2% in the intraday session
  • Technical indicators of the KSM price suggest a strong upward trend in the price. In contrast, the KSM / BTC pair is down more than 5%

The KSM coin price is seeing an upward correction and may soon cross the $ 400 threshold. The Kusama price is currently trading near the $ 350 level and has increased more than 5.2% in the past 24 hours. The ROI of the KSM is more than 20366% and can continue to increase. The asset price must move more than 45% from the current level in order to reach a new high in the future. The coin price is experiencing bullish momentum and may soon break out to a new high. Strong growth in the KUSMA price can be forecast for the future.

The market dominance of KSM along with the market capitalization is increasing and can soon recover to the previous level. The volume of Kusama has also risen sharply in the last few days. The ratio of volume to market capitalization of the KSM indicates a strong upward momentum in the price. You can invest in Kusama according to your needs and risk tolerance.

Technical indicators of the KSM coin price suggest a strong upward momentum

Source: trade view

The weekly technical chart of the KSM price suggests a strong upward momentum in the price for the coming weeks. A gain of more than 4% was recorded in the intraday session. Price has formed a strong bullish engulfing pattern on the daily chart. Resistance on the KSM as it goes up can be seen near the $ 400 mark. Meanwhile, support for the coin price can be seen near the $ 300 mark. When the coin price is 15 to 20% above the current level, a strong upward trend can be seen. When the asset price crosses the supply zone, a strong upward trend can be seen. The KSM / BTC pair can continue to see new growth in the future.

diploma

The KSM coin price is currently experiencing a strong upward momentum and may soon break out to a new high. The KSM / BTC pair may also hit a new high in the future. Do your due diligence before investing.

Technical levels:

Main Resistance: $ 400
Major support: $ 300

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