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Kusama price analysis: Bullish momentum accelerates price movement above $356


TL;DR Breakdown

  • The price is going high as per Kusama price analysis.
  • Bullish momentum has drawn price levels to $356.4.
  • Support is still maintained at $290 level.

The recent Kusama price analysis is showing signs of bullish activity, as the bulls have returned back to the price charts. The price went down during the last week, but the bulls have managed to escape the bearish obstruction. The rise in price has been quite considerable as it has heightened up to $356 in the last 24-hours. Further increase in price can be expected as the hourly prediction is in the bullish direction as well.

KSM/USD 1-day price chart: KSM reverts back to $357 level after bullish recovery

The one-day Kusama price analysis is confirming an increase in the coin value after the bullish return. The bulls have made a successful attempt at making a comeback, as the price has increased up to $357 today. Although the past week hindered bullish price movement, the situation has improved today. The moving average (MA) value is present at $342, still quite lower as compared to the current price.

Kusama price analysis: Bullish momentum accelerates price movement above $356 1
KSM/USD 1-day price chart. Source: TradingView

The volatility has decreased which means that a further uptrend is to follow in the coming week. The upper Bollinger band value has moved on to the $395 level whereas the lower Bollinger band value moved to $290. The Relative Strength Index (RSI) score has improved up to 52.6 as well, which indicates positive market sentiment for KSM.

Kusama price analysis: KSM sails past $350.87 resistance after bullish drift

The uptrend has been resumed as the bullish momentum has increased according to the fours hours Kusama price analysis. The price has climbed above the resistance level as well as it is now settled at $351. Further increase in price can be expected as the bullish momentum has been quite impactful. Moreover, the moving average value for the four hours price chart is now settled at $335.

Kusama price analysis: Bullish momentum accelerates price movement above $356 2
KSM/USD 4-hours price analysis. Source: TradingView

The increasing volatility has changed the Bollinger bands average to $336.11. The upper Bollinger band value has now moved to $351 whereas the lower Bollinger band value has moved down to $321.34. The bullish trend has caused improvement in the RSI score as well as it is now at 61.32 going towards the overbought zone, however, the indicator stands neutral at the time of writing.

Kusama price analysis: Bullish momentum accelerates price movement above $356 3
KSM/USD technical indicators chart. Source: TradingView

The technical indicators chart for KSM/USD is giving out a bullish hint today as the price has increased significantly. There are 17 indicators on the buying position, eight indicators on the neutral position whereas only one indicator is left on the selling position.

The moving averages indicator is giving a strong bullish signal as well as because of the constant upward trend. There are 14 indicators currently settled on the buying mark, with one indicator on the selling and zero on the neutral mark. The Oscillators are also going bullish as there are eight oscillators on the neutral level, three oscillators on the buying level whereas none is on the selling level.

Kusama price analysis conclusion

The one-day and four-hour Kusama price analysis is dictating a rise in price up to $356.4. The bearish momentum has been subsided, as now the bulls are leading the game. A crossover between SMA 20 and SMA 50 is to be expected in the coming days as well, as the bullish momentum is aggravating. The support at $289 is also making way for further improvement, however, KSM/USD price may observe a slight reversal at $358 mark.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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