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KSM

🌧️ KSM Reaching The End Of Bullish ChannelKSM has been going strong in a bullish channel for quite some time now, but steam is starting to run out, with more and more selling pressure at the higher price ranges. There isn't much buying pressure either, so it will probably have a retracement before some more upside. Expect KSM to go up a little more until we hit a local top (probably won't reach the top of the bullish channel) and start retracing downwards. We can see this from the RSI topping out and also the shrinking of green candles. If true, we can expect a retracement until around $420 and below, which would be a good time to buy in. We can then take profit near the ATH. Of course, while unlikely, there's a possibility that KSM can betray all expectations and continue following the bullish channel. If you're holding KSM, it might be prudent to watch closely for signs of a reversal to sell and buy in at a lower price. If you're not holding KSM, it's too risky to buy in now, so don't FOMO and wait for a retracement or just let it go.
by RainyTrader
KUSAMA COMEBACK: new ATH is coming!KUSAMA recently had a very strong rally (check my last update) but was overextended very quickly and as said almost fell off my chart. Now we just came out of a 26% correction and consolidation and we saw strong support coming and quickly pushing KSM out of the traingle. Currently KSM is retesting support to blast off potentially to a new ATH against BTC but at the very least a new 15-25% pump! You might wonder why KSM is so volatile? This is because KSM is very scarce 10m tokens max supply, mostly in wallets of blockchain projects that will/want to use KSM's parachains. The token is meant for governance and thus very important for future Kusama "clients" to hodl and have influence over the direction of the project. Like I said in my last update; KSM is governance gold and the price will easily pass 1000$ this year but I expect much more than that. One the parachain auctions start and projects win a parachain, more demand for KSM will arrive for future governance of the Kusama ecosystem. (check the links below or my profile for more bullish alts) IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Long
by cryptobullethbtcxlm
KSM: utility and governance goldKUSAMA KSM, the official test net of Polkadot is one of the most fundamentally strong projects in crypto. (research why yourself) With the launch of their parachains and full testnet we basically see a roll out of Polkadot v1.0 with numerous clients and partners. Although it is a testnet; it does offer the full Polkadot feature set and is the first one to launch innovations... LONG TERM The governance / utility token KSM is an amazing scarce asset with great token economics (most of them released) and is still undervalued in marketcap. By the end of the year I expect Kusama to be between a 15 and 20bn marketcap, but even more is possible depending on adoption. Long term KSM tokens will be like governance gold and I expect Polkadot and Kusama to play a major role in Web 3.0, Defi and intra-chain connectivity. I definitely see KSM and DOT both respectively push projects like ADA, THETA , DOGE, BCH, LUNA and LTC from the top spots. TOKEN ECONOMICS Market Cap: $4,155,693,549 24 Hour Trading Vol: $548,112,535 24h Low / 24h High: $413.74 / $501.87 Circulating Supply: 8,980,098 / 10,000,000 Fully Diluted Valuation: $4,627,670,561 Max Supply: 10,000,000 MID / SHORT TERM In the mid / short term we can see more growth for KSM and I see Kusama outperfom BTC, ETH and other major alts for the next 4 to 6 weeks - with a price target of 600$ (+30%) in that same time.
Long
by cryptobullethbtcxlm
2
KSM// Ascending ChannelKSM has been in this ascending channel for the past month, and is arguably one of the relatively less correlated tokens in response to previous BTC drops. KSM has also been very popular among the Crypto community. I believe its apart of the Polkadot Ecosystem, dyor. From a technical standpoint this would be a great time to re-enter or add positions. Price had a strong bullish impulse and high volume candles rejecting the bottom of the trend-line. Reasons not to enter...yet: 1. In previous TL touches, price has tested the area multiple times before appreciating. 2. Looking at my previously drawn Fibs from the start of the month, Price is between -27 and -61%, a safe area to enter would be after a strong close above and support above -61%. While it may cut potential profits...preservation of capital to trade another day. 3.We had a series of strong bearish high volume candles. Many short term buyers are probably thinking of taking profit. Let me hear your thoughts, previous Kusama analysis linked.
Long
by N0ST0PL0SS
4
KUSAMA - Chart says 'Good to Buy again!'Hi everyone, Last month we had presented Kusama as one of our picks and we did well. Price has now corrected and technically looks like a good new entry price. Fundamentally you can read about Kusama here , it is Polkadot's Canary Network and given that Polkadot has a limited number of projects/tokens that it can take under it's roof, Kusama will be taking the rest. Tokens will need to bid to get one of Polkadot's spots- that's a clever idea inspired by the Theory of games and the Kusama game is a game I would like to play again today! One Love, the FXPROFESSOR
KRAKEN:KSMUSDLong
by FX_Professor
3
KUSAMA FLYING OFF KUSAMA I am really really bullish on this project. To me this will outperform most of the other projects during this bullrun. Growth is natural and demand will only increase with the Parachain slot auction. Teams can create a #crowdloan campaign for a parachain slot to attract external $KSM holders to lock up $KSM for the project’s auction bid. Rewards for the supporters of the bidding project may be the project token, or may be other incentives besides tokens. The Dot ecosystem is planning to lease up to 100 parachains. Watch Kusama fly and DOT follow up next. Is it still late to get in, not yet, but this may be our last chance for someone looking for a safe 2x. - I’ve set some buy orders at 400$ - 390$ and 380 $. Hopefully we could get down there and wish some early investor take some EARLY profits (which shouldn’t happen now imo) I am personally holding this one until scarcity is reflected on price. Which would be around TP3 = 930$ (APPROX) The canary is flying up to the moon. Cheers
Long
by OobCast
3