Based on Insidebitcoins, Kusama (KSM) is showing early signs of recovery after an extended downtrend. The price is currently trading around $8.89, with technical indicators suggesting potential buying momentum is returning. Analysts highlight key resistance levels at $12.00, $13.00, and $14.00, while support levels are at $6.00, $5.00, and $4.00. On the 1-hour chart, KSM is holding just above a key demand zone at 9.18, with potential for a bounce if bullish momentum confirms. However, a breakdown below this level could expose downside risk toward 9.07. The 9-day and 21-day moving averages are converging, signaling a possible shift in momentum.
Kusama (KSM) Shows Early Signs of Recovery Amid Technical Analysis
InsidebitcoinsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.