KSM Technical Analysis: Trapped Buyers Struggle To Float Above $60

KSM prices struggle to sustain the V-Shaped reversal from $60 to get a prolonged uptrend above the $80 mark as the sellers form a bearish candle. Key technical points: KSM prices reversed from $60 to retest the $82mark. The market prices fell by 9.85% as sellers at $82 overtake the trend control. The 24-hour trading volume of Kusama is $165 Million, indicating a 147% boom. Past Performance of KSM KSM prices break under the crucial psychological support level of $100 after breaking below the falling channel, as mentioned in our previous article. The breakdown rally results in a 40% within a week to find lower price rejection at $60. The long-tail formations influence a sharp V-shaped reversal to test the $82 mark. Source-Tradingview KSM Technical Analysis The V-shaped reversal in the KSM prices faces opposition at the $82 mark resulting in a bearish candle of 9.58%. This reversal increases the chances of a $60 breakdown to retest the $50 level. Furthermore, the reversal lowers the chances of a bullish attempt to end the lower low formation. The breakout rally dramatically intensified the bearish trends momentum of the crucial daily EMAs. Furthermore, the bearish aligned 50 and 100-day EMA will continue to offer powerful resistance and stop attempts to regain the uptrend. The sudden reversal of the RSI value from the oversold region surpasses the yellow line of the 14-day average. The breakout is a sign of a surge in the overall...