Friday, June 2, 2023

Kusama is Set To Hit a New High


The daily chart shows that the KSM coin price is undergoing a dip, expecting to resume its solid upward pace soon. In the intraday session, it is up more than 13%.

KSM’s technical indications indicate that cryptocurrency’s price will continue to rise in the foreseeable future. The KSM/BTC pair, on the other hand, has gained more than 10% in the intraday trading session so far.

The KSM cryptocurrency value is now experiencing solid momentum upward, soon resulting in a new high. Kusama’s price has risen by more than 12% in the intraday period and is currently trading near $360. The ROI of the KSM is more than 20366 percent and is expected to witness tremendous upside momentum shortly.

The asset price must rise by more than 42 percent to surpass its all-time high. The coin’s price may reach a new high due to the coin’s upward momentum. In the future, KSM will soon have significant upward momentum.

The market dominance of KSM and the market cap are increasing and will likely reach a new high soon. The amount of Kusama is also skyrocketing, which might push the price to new highs. The volume to market cap percentage of the KSM points to a robust upward trend soon. Kusama can invest according to one’s risk tolerance and price activity.

Kusama Indicates Strong Future Upside

The weekly analytical chart of the KSM value suggests that the price will continue to rise shortly. In the last week, it increased by more than 1.55 percent. The asset price has produced a solid bullish engulfing pattern when viewed daily. The hostile region of Kusama may be seen near $400 as it rises. Meanwhile, the coin price is finding support near $300. A robust upward momentum can be detected if the coin price increases by 15 to 20% from its current level. In the future, the KSM/BTC pair may have significant positive momentum.

Kusama coin’s weekly technical price movement indicate a bearish trend. The pivot levels suggest that the support zone is 280 USDT. From another angle, if it continues to rise, the level of resistance to watch for is 630 USDT.

As a result, Kusama Today’s price is $353.65 with a 24-hour trading volume of $167,052,445. In the last 24 hours, KSM prices have grown by 0.9 percent. The number of KSM coins in circulation is 9 million, with a total circulation of 10 million.

The STC indicates a purchasing signal, and traders have prompted a large volume. The price is rising above the pivot points. Similarly, the market’s general forecast is that the pattern will continue optimistic in the coming trading days.

The KSM coin price is seeing solid momentum upward and may set a new high in the next few days. The KSM/BTC pair may also see a new joy in the next few days. Before investing, one should conduct thorough research.

Rainy Naidoo
Rainy Naidoo
Rainy Naidoo is a writer for Cryptoconstellation. She has her Degree in Journalism and communications. Rainy Likes to spend her free time reading and exploring new places.

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