Kusama (KSM) is exhibiting early signs of recovery following a prolonged downtrend, with its price currently around $8.89. Technical analysis indicates a potential return of buying momentum, as key resistance levels are identified at $12.00, $13.00, and $14.00, while support levels are noted at $6.00, $5.00, and $4.00.
On the 1-hour chart, KSM is maintaining a position just above a critical demand zone at $9.18, suggesting a possible bounce if bullish momentum is confirmed. However, a fall below this level could lead to further downside risk towards $9.07. The convergence of the 9-day and 21-day moving averages also points to a potential shift in momentum.
Kusama (KSM) Shows Signs of Recovery Amid Technical Indicators
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