Kusama is a new cryptocurrency that aims to disrupt the art market. Similar to other cryptocurrencies, it has a finite supply and can be mined for profit. Its value will likely increase in the next few years, but how high?
The ksm price prediction 2025 is a cryptocurrency that has been gaining momentum. If you are looking to invest in the cryptocurrency, now would be a good time.
- The range of bullish KSM price predictions is $245 to $500.
- The price of KSM may soon exceed $550.
- For 2021, the KSM negative market price forecast is $130.
We utilize data, price trends, ADX, and other information about Kusama (KSM) to evaluate the cryptocurrency’s future movement in Kusama (KSM) price forecast 2021.
Kusama is a scalable dedicated blockchain network that runs on the same architecture as Polkadot and has almost identical code. The network is an experimental development environment for Kusama teams who want to move fast and innovate, or for Polkadot teams that are ready to launch. Gavin Wood, the creator of Polkadot, co-founder, and former CTO of Ethereum, launched KSM in 2019.
Kusama’s Current Market Situation (KSM)
Kusama (KSM) is now trading at $182.9, with a 24-hour trading volume of $163,750,109, according to CoinGecko. KSM, on the other hand, has dropped by 7.5 percent in the past 24 hours.
Furthermore, there are 8,980,098 KSM in circulation. KSM is currently traded on Binance, Tokocrypto, OKEx, Huobi Global, and CoinTiger, among other cryptocurrency exchanges.
Price Forecast for Kusama (KSM) in 2021
On CoinGecko, Kusama (KSM) is now ranked 58th. The price of KSM in 2021 is forecasted using a daily time period, as shown below.
Falling Wedge Pattern (KSM/USDT) (Source: TradingView)
A falling wedge is a bullish pattern that begins at a high point and shrinks as the price drops. This price movement, however, created a downward cone. When a trend’s highs and lows converge. This indicates that, as a result of the large amount of trading during this period, the price of KSM will continue to increase and, in the not-too-distant future, will exceed its all-time high price.
If the bullish trend continues, the KSM may hit $500 on the daily time frame chart. Otherwise, if the KSM price breaks through the $200 resistance level, it will fall to the next support level of $130. As a result, the KSM’s trend is predicated on the breakout.
Support and Resistance Levels for Kusama (KSM)
The chart below depicts KSM’s support and resistance levels.
Support and Resistance Levels in KSM/USDT (Source: TradingView)
The resistance and support levels of KSM are clearly visible in the above daily time period.
- Level 1 Resistance – $245
- Level 2 Resistance – $364
- $550 for Level 3 Resistance
- $135 for Level 1 Support
- Level 2 Support – $85
KSM has been on a bullish trend for the last month, according to the charts. If the current trend continues, KSM may catch up with the bulls and break over its $550 resistance level.
In the event that investors turn against cryptocurrency, the price of KSM may fall to almost $85, indicating a negative warning.
Average Directional Index Kusama (KSM) (ADX)
Let’s take a look at KSM’s average directional index (ADX). The ADX indicator aids traders in determining the strength of a trend rather than its exact direction. It may be used to see whether the market is shifting or if a new trend is about to emerge. It does, however, have a connection to the Directional Movement Index.
Furthermore, the oscillators have a range of 0 to 100. A high number also suggests a strong trend, while a low value shows a weak trend. It’s often used in tandem with direction indicators.
ADX KSM/USDT (Source: TradingView)
The ADX of KSM remains above the range of 21.46 in the chart above, indicating a weak trend.
KSM is one of the cryptos that has managed to hold its ground in a negative market. Our long-term KSM price forecast for 2021 is also positive. This year, it has a good chance of surpassing its current all-time high (ATH) of $621. However, this will only happen if KSM is able to overcome numerous previous psychological barriers.
Furthermore, the KSM ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon hit $200 and even higher levels, but it is more likely to reach $550 if investors believe KSM is a solid investment in 2021.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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The Kusama price prediction 2022 is a cryptocurrency that has seen some great success. With the growth of the market, it is likely that Kusama will reach $550 soon. Reference: kusama price prediction 2022.
Frequently Asked Questions
Is KSM a good investment?
KSM is a good investment.
Is Kusama worth buying?
Kusama is an interesting game that has some flaws, but the overall experience is worth it.
Can you buy Kusama on Binance?
Unfortunately, Kusama is not available for purchase on Binance.
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