Kusama (KSM) looks bullish on a lower timeframe.
\nKusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe.\u00a0
\nKusama (KSM) price aims to break above 50 EMA in the 4H timeframe.<\/p>\n
Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance)\u00a0<\/p>\n
Kusama (KSM) Price Analysis On The Daily Chart\u00a0<\/p>\n
Despite a decline in its price from $600 to $38, over 70% decline from its all-time high, the price of KSM has shown great strength as it bounced from its daily low of $38 to a high of $43 as price eyes a major resistance at around $50. The price of KSM needs to break and hold above this resistance for the price to trend higher.\u00a0<\/p>\n
The price of KSM on the daily chart looks strong despite seeing some volatility across the crypto market, with eyes set on breaking the daily resistance of $50. KSM price needs to break and hold above this region to assume more bullish sentiment; if the price gets rejected, we could expect the price of KSM to retest $45-$40.<\/p>\n
REEF\u2019s price is trading at 0.0048$ below its resistance; the price of REEF needs to hold above $0.007 to avoid the price from going lower due to the sell-off. If the REEF price holds this region, there could be more belief of a rally to its resistance at $0.007 and possibly breaking and holding above this region.<\/p>\n
Daily resistance for the price of KSM- $50.<\/p>\n
Daily support for the price of KSM \u2013 $38.<\/p>\n
Price Analysis Of KSM On The Four-Hourly (4H) Chart The 4H timeframe shows the price of KSM, after touching a low of $38 price bounced to a region of $43, where it attempts to break above the 50 Exponential Moving Average<\/a> (EMA).<\/p>\n On the 4H timeframe, the price of KSM is currently trading at $43, just below the 50 Exponential Moving Average (EMA), trying to break and hold above this region, acting as resistance for the KSM price. The price of $43 corresponds to the resistance at 50 EMA.\u00a0<\/p>\n If the price of KSM fails to reclaim this major area, we expect the price to retest the region of $40 for more demand to push the price to a higher height.<\/p>\n The Relative Strength Index (RSI) for KSM is above 50 on the four-hourly chart, indicating decent buy order volume.\u00a0<\/p>\n Daily resistance for the KSM price \u2013 $45.<\/p>\n Daily support for the KSM price \u2013 $38.<\/p>\n Featured Image From Capital, Charts From Tradingview<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Kusama (KSM) looks bullish on a lower timeframe. Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance)\u00a0<\/p>\n Kusama (KSM) Price Analysis On The Daily Chart\u00a0<\/p>\n Despite a decline in its price from $600 to $38, over 70% decline from its all-time high, the price of KSM has shown great strength as it bounced from its daily low of $38 to a high of $43 as price eyes a major resistance at around $50. The price of KSM needs to break and hold above this resistance for the price to trend higher.\u00a0<\/p>\n The price of KSM on the daily chart looks strong despite seeing some volatility across the crypto market, with eyes set on breaking the daily resistance of $50. KSM price needs to break and hold above this region to assume more bullish sentiment; if the price gets rejected, we could expect the price of KSM to retest $45-$40.<\/p>\n REEF\u2019s price is trading at 0.0048$ below its resistance; the price of REEF needs to hold above $0.007 to avoid the price from going lower due to the sell-off. If the REEF price holds this region, there could be more belief of a rally to its resistance at $0.007 and possibly breaking and holding above this region.<\/p>\n Daily resistance for the price of KSM- $50.<\/p>\n Daily support for the price of KSM \u2013 $38.<\/p>\n Price Analysis Of KSM On The Four-Hourly (4H) Chart
\nFour-Hourly KSM Price Chart | Source: KSMUSDT On Tradingview.com<\/a><\/p>\n
\nKusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe.\u00a0
\nKusama (KSM) price aims to break above 50 EMA in the 4H timeframe.<\/p>\n
\nFour-Hourly KSM Price Chart | Source: KSMUSDT On Tradingview.com<\/a><\/p>\n