Kusama KSM is a technical analysis software that has been developed by a team of experienced traders. The company has been around since 2010 and offers a free trial for those interested in their product.
The ksm price prediction 2025 is a technical analysis of the cryptocurrency Kusama. It was created by a crypto trader to help other traders make more informed decisions about their investments.
We utilize historical data, price trends, RSI, and other information about KSM to evaluate the cryptocurrency’s future movement in Technical Analysis 2023 by Kusama KSM.
Kusama is a scalable dedicated blockchain network based on the same foundation as Polkadot and with almost identical code. The network is an experimental development environment for Kusama teams who want to move fast and innovate, or for Polkadot teams that are ready to launch.
Gavin Wood, the creator of Polkadot, co-founder, and former CTO of Ethereum, launched Kusama in 2019.
Current Market Situation for Kusama (KSM)
The KSM price is now trading at $298, with a 24-hour trading volume of $237,096,342, according to CoinGecko. KSM, on the other hand, has dropped by 3.8 percent in the past 24 hours.
In addition, there are 8,980,098 KSM in circulation. KSM is now available for purchase on Binance, OKEx, Huobi Global, CoinTiger, and FTX.
Kusama KSM Technical Analysis 2023
On CoinGecko, Kusama (KSM) is now ranked 40th. Kusama (KSM) may be pushed to new heights by current development and improvements. Let’s take a closer look at the Kusama KSM technical analysis for 2023. The chart of Kusama (KSM) on a weekly time period is given below.
Ascending Channel Trend Pattern in KSM/USDT (Source: Tradingview)
The “Ascending Channel Trend pattern” may be seen in the chart above. The price movement confined between upward sloping parallel lines forms this pattern. KSM is now trading in a $313 range. If the price breaks through the $270 trend line support level, it will continue to fall to the $180 level. If the pattern continues to the upward, the $630 level will be reached shortly.
RSI Kusama (KSM)
The relative strength index (RSI) of KSM is shown in the chart below.
RSI KSM (Source: TradingView)
. The RSI is still at 37, as seen in the chart above. This indicates that KSM’s price is almost oversold. However, this suggests that a significant price reversal may occur in the coming days. As a result, traders must use caution while trading.
RVOL Kusama (KSM)
The Relative Volume (RVOL) of KSM is shown in the graph below. In general, relative trading volume is an indicator that shows a trader how current trading volume relates to past trading volume over time.
RVOL RVOL RVOL RVOL RVOL RVOL RVOL RV (Image courtesy of TradingView)
In particular, the RVOL seen in mid-May is shown to be stronger. The RVOL has been below the cutoff line since the final week of May and continues to do so at the time of writing, indicating the weaker participants in the present trend.
MA Kusama (KSM)
The chart below depicts KSM’s Moving Average (MA). MA is also a component of technical analysis, which aids traders in identifying patterns.
MA KSM (Image courtesy of TradingView)
The price of the KSM is bearish in the 50 MA (short-term), and it has yet to break beyond the 200 MA. It fully shifts to a bearish condition if it breaches the 200 MA level.
The price of KSM is now trading around the 200 MA line, therefore we may predict a reversal at these levels.
Price Comparison of Kusama KSM vs. Bitcoin
The price comparison between KSM and BTC is shown in the graph below.
Chart comparing the prices of KSM and BTC (Source: TradingView)
The BTC and KSM are moving in lockstep with the overall trend.
Conclusion
With the continuing improvements and updates to the KSM platform. In current crypto economy, the coin KSM has a bright future. KSM, on the other hand, has the potential to reach unprecedented heights.
$628 is a bullish KSM price forecast for 2023. As previously said, it has the potential to achieve tremendous heights, with a high of $1719 if investors believe that KSM is a solid investment in 2023.
FAQ
What exactly is KSM?
Polkadot’s public pre-production environment, Kusama, allows any developer to experiment with and test new blockchains and apps before they are published to the network. Kusama is the local currency.
KSM is available for purchase in a variety of places.
Binance, OKEx, Huobi Global, CoinTiger, and FTX are just a few of the cryptocurrency exchanges that have KSM listed. It may be traded for crypto fiat currencies, stablecoins, and other cryptocurrencies.
Will KSM be able to set a new ATH in the near future?
With the KSM platform’s continuous improvements and enhancements, it has a good chance of achieving its ATH shortly.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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Frequently Asked Questions
Does technical analysis apply to crypto?
Yes, technical analysis is an important part of crypto. Q:
Is Kusama a good investment?
Kusama is an excellent investment for the future. Q:
What is technical analysis in crypto trading?
Technical analysis is the process of analyzing market data to predict future price movements. Q:
