- Kusama price jump from $520.0 to $526.12 on Wednesday’s trading session
- The 24-hour volume in KSM is at $403,826,312 with a 16.08% decrease
- The KSM/BTC pair was trading at 0.009046 BTC with a loss of 1.18%
The 4-hour technical chart highlights Kusama price jump with strong sustainability. According to pivot points, KSM’s critical support level is placed at $520.0. Whereas if it moves up, the key resistance level to watch is $570.0. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish pin bar candlestick pattern representing bullish reversal with medium reliability.
SMA-21 & 50 acts as another strong support in the coin. SMA-21 (purple) is moving above the SMA-50 (white), which projects a bullish trend. The price is trying to sustain above SMA-21. Investors may perceive a positive crossover in the SMA, and the price will also follow positive direction.
RSI indicator (BULLISH), with a value of 54.86, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 62 to 54 in the index, and it may plunge in future trading sessions.
The volume of (16.489K) represents a moderate buying volume which is below the Volume MA (18.989K) of 20-days. High buying pressure is required in KSM to drive its price to higher levels.
Kusama Price Jumps 20% on Weekly Timeframe
Kusama price traded at $526.12 with a loss of 2.57% in the last 24-hour and 16.41% up in the weekly time-frame. Furthermore, Kusama price jumps from the support of $520.0. In contrast, the market capitalization stands at $4.47 billion. Technically, investors can perceive a positive crossover in SMA, and the price is fighting to sustain above the 21-SMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the support of $520.0 in future trading sessions.
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