Kusama (KSM) Rises 1.98%, Outperforms the Crypto Market Sunday

Sunday, February 13, 2022 08:04 AM | InvestorsObserver Analysts

Kusama (KSM) has been relatively less volatile compared to the crypto market. So far Sunday, the crypto has increased 1.98% to $169.87.

InvestorsObserver is giving Kusama a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Kusama!

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Low Volatility

InvestorsObserver gives Kusama a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. KSM's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Kusama price is trading near resistance. With support near $161.27 and resistance at $171.87. This positions Kusama with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.