USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MVR

MWK

MXN

MYR

MZN

NAD

NGN

NIO

NOK

NPR

NZD

OMR

PAB

PEN

PGK

PHP

PKR

PLN

PYG

QAR

RON

RSD

RUB

RWF

SAR

SBD

SCR

SDG

SEK

SGD

SHP

SLL

SRD

SSP

STD

STN

SVC

SYP

SZL

THB

TJS

TMT

TND

TOP

TRY

TTD

TWD

TZS

UAH

UGX

UYU

UZS

VES

VND

VUV

WST

ZAR

ZMW

ZWL

Cryptoknowmics 2022-06-04 09:47:15

KSM Technical Analysis: Increased Selling Pressure Ready To Crack $60

KSM price shows a bullish failure to surpass the resistance trendline resulting in a higher price rejection and warns of a $60 fallout. Key technical points: The KSM market value decreased by 4.96% today at press time. The lack of a bullish candle in the declining stage represents high selling pressure. The 24-hour trading volume of Kusama is $64.21 Million, indicating a drop of 35%. Past Performance of KSM As evident from the KSM/USD chart, in April, we saw the price decrease of KSM price by 67% due to the increased selling pressure near the $200 mark. The falling prices lose the bearish momentum resulting in an upwards trend at the support level of $60. The bullish reversal retested the $80 mark but failed to surpass it due to the high selling pressure near the resistance trendline. Source- Tradingview KSM Technical Analysis The sideways movement that runs from $60 to the $80 level exhibits the bullish breakout failure and increase in the underlying bearish sentiments. Additionally, the higher price rejection in the prior KSM daily candle near the trendline supports the high-momentum ongoing downtrend and warns against the $60 fallout. The downward trend of the 50, 100, and 200-day EMAs remains in the bearish alignment, which shows an impressive bearish trend in motion. But, the trendline breakout could lead to an uptrend that retests the 50-day EMA, resulting in a new breakout entry. The RSI slope displays a diagonal trend ...