Kusama Looks Bullish, Can Price Break Weekly Resistance Of $50?

Kusama (KSM) looks bullish on a lower timeframe. Kusama (KSM) price eyes a reclaim of 50 Exponential Moving Average (EMA) on the daily timeframe. Kusama (KSM) price aims to break above 50 EMA in the 4H timeframe. Kusama (KSM) has had a tough time recently but has shown great strength bouncing up in higher and lower timeframe. Kusama (KSM) price has struggled to remain bullish as the price fell from an all-time high of $600 to $38, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Aave (AAVE) Attracting Whales Over Past Few Months – Will It Spur Price Rally? Kusama (KSM) Price Analysis On The Daily Chart Despite a decline in its price from $600 to $38, over 70% decline from its all-time high, the price of KSM has shown great strength as it bounced from its daily low of $38 to a high of $43 as price eyes a major resistance at around $50. The price of KSM needs to break and hold above this resistance for the price to trend higher. The price of KSM on the daily chart looks strong despite seeing some volatility across the crypto market, with eyes set on breaking the daily resistance of $50. KSM price needs to break and hold above this region to assume more bullish sentiment; if the price gets rejected, we could expect the price of KSM to retest $45-$40. REEF’s price is trading at 0.0048$ below its resistance; the price of REEF needs ...