Kusama (KSM) has been on a roll over the past few days, with its price rising from $20 to nearly $25 in a matter of days. The coin is currently trading at around $24.83 and it appears that investors are expecting a further bullish move in the near future. Kusama is up by 2.20% in the last 24 hours and its market cap stands at $210,423,83.
Kusama has been in an uptrend for the last 4 days and is currently forming an ascending triangle pattern. The current resistance for KSM lies at $26.0 and support is present at $23.00. Kusama price is nearly crossing the 200-day exponential moving average which is a positive sign for the coin in the medium term.
Kusama price analysis on a daily chart shows the volume is relatively increasing which suggests more bullish action in the near future. An ascending trendline is being formed and the price has been trading above it for the past few days. Technical indicators such as RSI, MACD, and CMF are all in favor of a bull run for KSM.
The post Kusama Consolidates Above $24.83 After a Period of Bullish Action appeared first on Coin Edition.
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Source: Cryptocurrency - investing.com
