In this Kusama technical analysis, we will examine the current price action, trading volume, key levels and indicators for KSM-BTC. Kusama (KSM) is a decentralized blockchain platform that enables the creation of highly scalable and interoperable applications. Its unique features include a proof-of-stake consensus algorithm and a modular architecture that allows for customizable blockchain networks. With Kusama, developers can build and deploy a wide range of applications, from decentralized finance (DeFi) platforms to gaming and social media networks.
Kusama Price Overview:
As of July 06, 2024, Kusama is trading at approximately 0.00036 BTC. Let’s dive into the detailed price action for KSM-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00036 |
| High (H) | 0.00037 |
| Low (L) | 0.00035 |
| Close (C) | 0.00036 |
| Volume (C) | 3,073.99 |
- Open (O): The opening price for today’s trading session was approximately 0.00036 BTC.
- High (H): Kusama reached a daily high of around 0.00037 BTC.
- Low (L): The daily low for KSM-BTC was approximately 0.00035 BTC.
- Close (C): At the time of analysis, Kusama is trading near its daily close of 0.00036 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.55% |
| 3D Change (%) | -3.97% |
| 7D Change (%) | -4.47% |
| 30D Change (%) | -20.74% |
| 90D Change (%) | -40.98% |
| YTD Change (%) | -65.95% |
Over the past three days, KSMBTC has fallen by approximately -3.97%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.47%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KSMBTC maintaining a downward trend of approximately -20.74%, despite intermittent fluctuations. Examining the last 90 days, KSMBTC has witnessed substantial decline of approximately -40.98%, reflecting strong long-term confidence. Year-to-date, KSMBTC has steadily dropped by around -65.95%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Kusama Live Chart:
You can access a live price chart for KSM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.42691.
- Momentum score is -0.09476.
KSM BTC Technical Analysis
Kusama Trading Volume:
The trading volume for Kusama (KSM) over the past 24 hours has been significant, with approximately 3,073.99 BTC traded against KSM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): KSM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Kusama is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for KSM-BTC is currently in the low zone, around 37.96453. This suggests that Kusama is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Kusama (KSM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Receive signals of caution for potential Kusama (KSMBTC) downturns at 3.63e-04 BTC through bearish technical analysis, accompanied by weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on KSM USDT Kusama Technical Analysis; it’s a natural follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.