Kusama Price Analysis: KSM Volatility Sparks Trading Opportunities

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KSM shows bullish dominance, but decreasing trading volume raises caution.
Keltner Channel bands suggest increasing market volatility, creating trading opportunities.
RSI and ROC indicate a possible bearish reversal despite positive sentiment.

Bullish pressure has been predominant in the Kusama (KSM) market during the last 24 hours, with the price fluctuating between $35.37 and $37.55 thus far. By publication, however, the market’s bullish dominance had slowed, and KSM was trading at $36.02, a gain of 0.34%.

As 24-hour trading volume decreased by 7.03 % to $22,771,413, the market capitalization increased by 0.38% to $305,398,813. Despite the slowdown, investors are still expressing interest in the market, as seen by this movement. However, they may be cautious about making substantial transactions due to the drop in trading volume.

If the bearish trend continues, the $35.37 support level may be broken, and the next support levels may be located at $32.91 and $30.56. A break over the $37.55 resistance level may signify a bullish reversal, opening the door to testing the next resistance at $40.