Should You Sell Kusama (KSM) Monday?

Monday, June 27, 2022 08:31 AM | InvestorsObserver Analysts

Kusama receives an average long-term technical score of 46 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. KSM currently holds a superior long-term technical analysis score than 46% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Kusama a 46 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Kusama!

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Trading Analysis

The current trading price of $54.760000000 for KSM is -$61.1400000 (-52.75%) below the coins 100-day moving average of $115.910000000. KSM meanwhile is $11.6200000 (101.43%) above its 52-week low of $43.140000000 and -$464.15000000 (8.63%) under its 52-week high price of $518.910000000. Kusama's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 46. The price movement and range of KSM suggest that investors are bearish on the coin at this time. Kusama currently has a total market cap of $463,835,205.28 to go along with its average daily volume of $210,285,221.66 worth of the currency over the past seven days. KSM's volume is below its seven day average as of the past 24 hours, with 32,733,846.30 exchanged in that period.

Summary

Technical analysis of Kusama over the past year results in the crypto receiving a an average long-term technical score of 46 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Kusama (KSM).