On the daily price chart, technical indicators point to a bearish trend for KSM. Over the chart, the token is attempting to gain rising momentum. Over the daily chart, the KSM token is encased in a horizontal range-bound area. This shows that KSM currently falters to gain constant support from bulls but buyers are still accumulating to save KSM from falling more. However, trading volume has increased slightly by 16.66% in the intraday trading session. Kusama price is presently CMP at $63 and has lost 5.73% of its market capitalization in the last 24-hour period. To avoid falling farther down the chart, KSM must break free from the consolidation phase. The KSM token first dropped through three descending peaks before being stuck inside a range-bound area. To get out of the consolidation phase, KSM coin has to attract more buyers. The token is attempting to break free from the consolidation phase by gaining support from bulls. K usama is currently trading at 2021 lows, attempting to generate strong upward momentum on the chart.
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