Kusama is a highly scalable multi-chain network built using blockchain technology. It is built using Substrate and is forked from Polkadot’s codebase. It fosters radical innovation and is suitable for developers who wish to rapidly innovate. KSM is its customized token. Past Performance As of March 11, 2021, KSM started trading at $303.53. As of March 17, 2021, KSM closed at $344.83. Thus, in the past week, the KSM price has soared by approximately 14%. In the past 24 hours, KSM has been trading between $343.32-$365. https://ift.tt/3qW61Oz Days-Ahead and Tomorrow Currently, KSM is trading at $360. The price has increased from the opening price of $346.56. Thus, the market is upticks. The MACD and signal lines are positive. A bullish crossover by the MACD line over the signal line has occurred too. Thus, the market momentum is positive. Hence, we can expect the price to go up further. Currently, the RSI indicator is at 47%. It has just fallen from the ‘overbought’ region. Thus, selling pressures are slowly mounting. Thus, we can expect a temporary price pullback amidst an overall price uptrend. The A/D indicator is upward sloping. Thus, whale accumulations are higher than whale distributions. High buying activity will push the KSM price upwards. Thus, we can expect a price rise. Watch out for the next 4 hours windows to understand the real direction of the market. KSM Price Analysis The price is currently above the first Fibonacci pivot resistance level of $359.90. As the bulls are strong, we can expect the price to break out of the subsequent resistance levels of $365.02 and $373.31 respectively, by the end of the day. The price has tested and broken out of the 23.6% FIB retracement level of $359.88. By day close, we can expect the price to break out of the 23.6% FIB extension level of $370.12 as well. As the uptrend is strong, we can expect the price to rise further tomorrow.
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