Kusama price analysis: Bulls continue ruling the charts as the price hits $396

Kusama price analysis Bulls continue ruling the charts as the price hits

TL;DR Breakdown

  • Kusama price analysis shows KSM is following a bullish trend for today.
  • Price levels have recovered to $396.
  • Support for KSM is found at $387.

The following Kusama price analysis is keeping its support for the bulls as their accomplishments have been unbeatable. The bulls are continuing to cause an increase in price as they have been for the past few days. The bullish impact has proved to be everlasting since the price level has now climbed past the $388 hurdle. The trending line is going up as the bulls have been maintaining their lead in the last 4 hours consecutively.

KSM/USD 1-day price chart: Buyers to outstrip their competitors

The recent Kusama price analysis indicates that the bullish momentum has been increasing throughout the day. The past week has proved profitable for Kusama price as the bulls took over the market. Today the trend has been the same as the price has increased up to $396. The progress is appreciable as the price levels have left behind the moving average (MA) as well, which is at the $370 mark.

Kusama price analysis: Bulls continue ruling the charts as the price hits $396 1
KSM/USD 1-day price chart. Source: TradingView

The Bollinger bands have been expanding, due to which the volatility is on the rise as well. The Bollinger bands indicator stands important in validating our predictions, and they are maintaining the $394 upper value and $316 lower value. Furthermore, the Relative Strength Index (RSI) score is at a neutral level and is index 62 at the time of writing.

Kusama price analysis: Recent developments and further technical indications

The Kusama price analysis show bulls have been progressing in a relatively smooth manner, as is evident from the 4-hours chart as well. The Kusama price value has been continuously increasing since the past few hours, and it has reached the $396 level. The price is present above the moving average value, which on the other hand, is at the $388 level. The volatility has been increasing, which is providing more room for the upwards price movement of the coin.

Kusama price analysis: Bulls continue ruling the charts as the price hits $396 2
KSM/USD 4-hours price chart. Source: TradingView

The upper value of the Bollinger bands indicator is situated at $402, while its lower value is settled at the $360 mark. The RSI score has been maintaining its position after coming down at index 62.

Kusama price analysis: Bulls continue ruling the charts as the price hits $396 3
KSM/USD technical indicators chart. Source: Tradingview

The general trend as observed during the past week has been largely bullish. The technical indicators chart is putting the buyers in the lead. That is because there are 16 indicators that are maintaining the buying position, with nine indicators on the neutral side and only one on the buying side.

The Oscillators are displaying almost similar results, as there are eight indicators at the neutral level, leaving one indicator at the selling level and two at the buying level. On the other hand, the moving average favors the bulls as there are 14 indicators that are standing at the buying position, non at the selling position and only one at the neutral position.

Kusama price analysis conclusion

It can be inferred that the tides are moving towards the bullish direction, as is evident from the given Kusama price analysis. The bulls have been making progress quite swiftly since the past couple of days. The uptrend can be confirmed from the rise in Kusama price as it has now moved on to $396 value. The support available at $387 has proved sufficient, which has helped in paving the way for recovery.

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.
Arnold Kirimi

Arnold Kirimi

Arnold is a crypto and blockchain enthusiast. A communications expert with interest in hard-hitting journalism, he is always on the hunt for the latest events in the cryptocurrency world. He is inspired by what Bill Gates said, “Bitcoin is a technological tour de force.”

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