The KSM crypto price is currently on an upward trend and may soon cross the $ 250 mark. In contrast, it saw more than 7% gain in the intraday session
Technical indicators for the Kusama price point to an upward trend for the coming days. Meanwhile, the KSM / BTC pair has seen more than 7% gain on the intraday session.
Why invest in KSM Crypto?
The KSM crypto price is currently in an upward trend and can soon see a new high in the future. The Kusma price is up more than 7% and is currently trading near the $ 210 level. The asset is also described as Polkadot’s wild cousin. It is an experimental blockchain platform designed to offer developers scalable frameworks. Parity technologies are the one behind KSM and the dotted .KSM / BTC pair can continue to see strong uptrend momentum going forward. Depending on the price action and risk capacity, you can invest in KSM.
KSM-Coin currently ranks 55th in the CMC and has a market dominance of more than 0.11%. The volume of the asset along with its market capitalization has increased over the past few days. The volume to market capitalization of the Kusama price is 0.096, indicating a consolidated momentum. If the ratio bounces above 0.85, strong bullish momentum is evident.
Technical indicators suggest a strong upward momentum in the KSM crypto price
Source: trade view
The weekly technical chart of the Kusama price suggests strong bullish momentum for the future. On the daily chart, the price is in a strong upward trend. Resistance to KSM crypto price during the uptrend can be seen near the $ 250 level. Asset price support during the downtrend can be seen at $ 150. Kusama price is currently trading below the 50 and 100 daily moving average, with a negative crossover in the past. The 50 DMA is currently near the $ 220 value, making it a temporarily hostile region for the price. The KSM price may soon see an outbreak over 50 employees in the future. The KSM / BTC pair may also see a breakout above the previous resistance and a new high soon.
The KSM crypto price is currently in an upward trend and may soon see a big breakout. The KSM / BTC pair can continue to see a strong upward trend going forward. An investor should exercise due diligence before investing.
Main grant: $ 150
Big Resistance: $ 250
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