KSM Technical Analysis: Bullish Continuation Preps $200 Breakout

KSM coin price shows a recovery rally starting from the $150 mark against the 50-day EMA to reach $200. Will buyers surpass the psychological barrier? Key technical points: The daily-RSI creeps into the nearly overbought zone The KSM coin price has ascended by 12% within the last three days Finally, the 24-hour trading volume of Kusama is $106.16 Million, marking a 16% fall Past Performance of KSM KSM coin price sustains above the psychological barrier at $150 and has gained 12% in the last three days. The recovery rally challenges the 50-day EMA and is ready to undermine the 25% fall within a week, starting from the $200 mark with a morning star pattern. Hence, the reversal rally proposes a jump to the $200 mark. Source-Tradingview KSM Technical Analysis KSM coin price shows a reversal rally ready to complete the daily chart’s inverted head and shoulder pattern. Furthermore, the rally increases the chances of a bullish breakout with a potential of reaching the $240 mark. A cluster of EMAs(20, 50, and 100) maintains a bearish formation in the daily chart, with the 50-day EMA falling under bullish pressure. Hence, the upcoming bullish rally projects a jump to $200. RSI Indicator: The RSI slope shows a bullish comeback rally starting from the nearly oversold zone and approaching the 50% line. The upcoming trend also comes with the falling 14-day average with an increasing possibility of reaching the overbought territory. MACD In...