KSM Technical Analysis - Will KSM Buyers Retake $200 Stronghold?

Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

Today's live KSM token price was $166.56 at 05:30 GMT, with an intraday trading volume of $76.37 Million. The coin price has decreased by 3.23% in the last 24 hours. With a live market cap of $1.409 Billion, KSM remains among the Top100 coins in the crypto-verse.

KSM coin price is holding over the psychological barrier of $150. It has risen 12percent in the past three days. The recovery rally has challenged that 50-day EMA and is poised to thwart the 25% drop in the next week, beginning at the $200 mark, with the sunrise star formation. Therefore the reversal rally is announcing that it will move to $200.

Let’s have a deeper insight into the technical analysis of the KSM token and see what the indicators have to say about it.