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Kusama Price Prediction June, July & August 2022

Kusama Price


  • The Kusama (KSM) closed yesterday’s commerce at INR 3611.2 with a market capitalization of INR 33.03 billion and a circulating provide of 8,470,098.06 KSM
  • The asset is on the lowest ranges and therefore ready for the bulls to uplift the worth in the direction of the secure zone
  • Yet the bears nonetheless seem to dominate the rally which will drag the worth one other 15% to 20% by the tip of June additional an honest restoration could also be anticipated 

Price Comparison Table

Crypto-Asset Start-Month Price (May) Mid-Month Price (May) End-Month Price (May) % Change
Kusama(KSM) INR 10143.5 INR 6261.1 INR 6189.2 -63.89%

* As of 14-June-2022

Check newest costs, charts, and information of KSM/USDT

Kusama (KSM) Technical Analysis at a Glance

The Kusama value after being rejected from INR 15000 a few occasions for the reason that starting of 2022, has dived deep right into a bearish properly. Further, the asset tried very onerous to carry INR 5000 ranges for practically a month. However, the current market crash dragged the worth to 14-month low ranges at INR 3600

The technicals and the worth actions are pointing in the direction of an excessive bearish pattern to prevail for an extended time forward. If the bearish pattern continues, the worth might drop onerous beneath the final level of protection at round INR 2500 which can be fairly brutal for the asset forward. 

Short-Term (1hr) The KSM value had dropped onerous and therefore a notable flip was recorded of-let, nonetheless, the bulls could get exhausted quickly could drag the worth decrease
Mid-Term (4hr) The earlier downtrend seems to have reached immediately’s bottoms and therefore a big short-term bounce could also be anticipated
Long-Term (D) The month-long consolidation landed the worth to the decrease assist the place a flip could not induce a big momentum and therefore might proceed consolidation

Technical Indicators & Pivot Levels

Technical Indicators

Technical Indicators Value(1D / 1M) Action (1D / 1M)
Relative Strength Index(RSI) 27.76 / 48.66 Sell / Neutral
MACD(12,26) -11.29 / 3.58 Sell / Buy
Average Directional Index(ADX) 33.84 / 54.26 Sell / Sell
Bull-Bear Power -26.13 / -210.65 Sell / Sell

Pivot Levels

Pivot Levels Short-Term(D) Mid-Term(W) Long-term(M)
Moving Average(MA)-50 INR 6912.50 INR 18321.75 INR 7218.37
Moving Average(MA)-200 INR 13855.43 INR 7731.79 INR 1804.01
Resistance INR 6459 INR 13,770 INR 27,106
Support INR 2549 INR 2089 INR 1145

Oscillators

Oscillators Short-Term Mid-term Long-Term
Stochastic Oscillator 33.88 14.28 16.02
Ultimate Oscillator 30.77 29.84 29.54
Average True Range(ATR) 6.22 30.78 163.91
CCI -178.53 -119.72 -138.71

The Kusama(KSM) value is extraordinarily bearish in on a regular basis horizons, because the bears have capitulated the asset to a bigger extent. However, within the hourly time-frame, one can count on a short-term bounce, however within the bigger perspective, bears seem like fairly dominant. As the asset is much less risky, no particular value actions could also be anticipated. After present process big promoting stress, the consumers might leap in a few months as MACD is considerably bearish within the month-to-month time-frame. 

KSM Price and Technical Analysis for May-July

Source: Tradingview

  • Kusama value is at present buying and selling at a 14-month low place, draining all of the earnings gained throughout the 2021 bull run
  • Considering the present market circumstances, the KSM value is anticipated to proceed with its bearish pattern and plummet to the decrease doable ranges
  • The value is anticipated to slice via the decrease FIB ranges at 0.61 at INR 3400 to come across a bearish near June’s commerce by attaining the degrees at INR 2700
  • Further, a big rebound might uplift the worth above the identical FIB ranges in an try to realize the 0.38 FIB ranges at INR 4500, however woefully, could face rejection just under these ranges
  • The KSM value could dive deeper down, slicing the decrease assist at INR 2500 to hit INR 2300 by the tip of July
  • However, the costs could enter a notable restoration part and show a consolidated pattern all through the month earlier than igniting a big uptrend later

How to Invest in Kusama(KSM)

Investing in Kusama or any of your required crypto is fairly easy and secure on CoinDCX. Along with the perfect offers out there, you unlock the world of profitable in-App advantages and enticing advantages that coils assist you to make clever selections on the proper time. 

To start with, simply obtain the CoinDCX App in your Smartphone and enter the required particulars. Once your profile is verified, simply fund your pockets and purchase a Kusama (KSM) token. 

With the launch of the Crypto Investment Plan (CIP), you may also put money into any asset in straightforward weekly installments. Therefore, begin in Bitcoin & different cryptos with Crypto Investment Plan now!


Disclaimer: Crypto merchandise and NFTs are unregulated and may be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. In case you could have any queries, write to [email protected].

The above data signify the unbiased views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & academic functions solely. The content material, data or information offered above will not be a proposal, or solicitation of a proposal, to put money into, or to purchase or promote any curiosity or shares, digital digital property/ crypto merchandise or securities, or to take part in any funding or buying and selling technique. Any assertion or communication made above shall not be handled as a authorized, monetary, funding or tax recommendation by the reader. The calculations, information, risk-return formulations, efficiency or market capitalization indicators captured above are based mostly on the unbiased information sourcing together with collation of public data and/or evaluation carried out by analysts, advisors or staff of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate corporations and/or any third celebration. Past efficiency will not be indicative of any future outcomes. The reader(s) are hereby suggested to seek the advice of their monetary/ authorized/ tax advisor(s) earlier than making any funding.


 



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