KSM USDT Kusama Technical Analysis

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By Frans van Elst

Kusama logo In this Kusama technical analysis, we will examine the current price action, trading volume, key levels and indicators for KSM-USDT. Kusama (KSM) is a decentralized blockchain network that enables the creation of privacy-preserving applications and protocols. Its unique features include zero-knowledge proofs, homomorphic encryption, and secure multi-party computation, making it an attractive option for developers looking to build privacy-focused dApps. Additionally, Kusama’s novel consensus algorithm ensures fast and secure transactions, setting it apart from other blockchain networks.

Kusama Price Overview:

As of May 03, 2024, Kusama is trading at approximately 30.07 USDT. Let’s dive into the detailed price action for KSM-USDT:

Explore Kusama’s (KSMUSDT) potential setbacks at 30.07 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 29.94
High (H) 30.34
Low (L) 29.02
Close (C) 30.07
Volume (C) 54,702.44
  • Open (O): The opening price for today’s trading session was approximately 29.94 USDT.
  • High (H): Kusama reached a daily high of around 30.34 USDT.
  • Low (L): The daily low for KSM-USDT was approximately 29.02 USDT.
  • Close (C): At the time of analysis, Kusama is trading near its daily close of 30.07 USDT.
Metric Value
1D Change (%) 0.47%
3D Change (%) 4.74%
7D Change (%) 3.90%
30D Change (%) -27.68%
90D Change (%) -21.16%
YTD Change (%) -33.33%

Over the past three days, KSMUSDT has risen by approximately 4.74%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 3.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with KSMUSDT maintaining a downward trend of approximately -27.68%, despite intermittent fluctuations. Examining the last 90 days, KSMUSDT has witnessed substantial decline of approximately -21.16%, reflecting strong long-term confidence. Year-to-date, KSMUSDT has steadily declined by around -33.33%, 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-USDT 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 0.83149.
  • Momentum score is -0.10426.

KSM USDT Technical Analysis

Kusama Trading Volume:

The trading volume for Kusama (KSM) over the past 24 hours has been insignificant, with approximately 54,702.44 USDT 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-USDT is currently in the low zone, around 40.63334. This suggests that Kusama is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Kusama (KSM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Explore Kusama’s (KSMUSDT) potential setbacks at 30.07 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Explore more with our thorough insights on KSM BTC Kusama Technical Analysis — an essential read if you enjoyed the content of 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.

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