- Kusama price plunged from $568.0 to $477.30 on Thursday’s trading session
- The 24-hour volume in KSM is at $724,408,009 with a 78.67% increase
- The KSM/BTC pair was trading at 0.008072 BTC with a loss of 12.53%
The 4-hour technical chart highlights Kusama is in a downtrend. According to pivot points, KSM’s critical support levels are placed at $466.80 and $413.80. 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 bearish spinning top candlestick pattern representing bearish reversal with low reliability.
EMA-(8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects below EMA-13 & 21 (green & yellow), which projects the beginning of a bearish trend. The price also slips below EMA-55 (red). Investors may perceive a negative crossover in the EMA, and the price will also follow a negative trend.
RSI indicator (BEARISH), with a value of 40, indicates a sell signal in the coin. Moreover, Investors can see a downward slope from 62 to 40 in the index, and it may plunge in future trading sessions.
The volume of (28.25K) represents a buying volume which is above the Volume MA (23.54K) of 20-days. High buying pressure is required in KSM to drive its price to higher levels.
Kusama Price Plunged 12.38% On Daily Timeframe
Kusama price traded at $477.30 with a loss of 12.38% in the last 24-hour and 14.20% up in the weekly time-frame. Furthermore, Kusama price plunged from the resistance of $570.0. In contrast, the market capitalization stands at $4.02 billion. Technically, investors can perceive a negative crossover in EMA, and the price drops below the 55-EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the support of $466.80 in future trading sessions.
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