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Cryptoknowmics 2022-04-26 09:55:43

KSM Technical Analysis: EMAs Challenge Reversal Rally From $150

As buyers retain the $150 stronghold, the KSM coin price surges to reach the 50-day EMA. But will the reversal rally surpass the bearish aligned EMAs? Key technical points: KSM prices sustain above $150. The KSM prices struggle at the 50-day EMA. The 24-hour trading volume of KSM is $95.24 Million, marking a 20% hike. Past Performance of KSM KSM coin price shows a short-term downtrend influenced by the 100-day EMA, failing to crack the $150 mark. Furthermore, the price action shows a lower high formation under the influence of the bearish aligned EMAs resulting in an increased underlying bearishness. Source-Tradingview KSM Technical Analysis The recent reversal in KSM coin price from the psychological level creates the double bottom pattern but fails to surpass the 50-day EMA. The bullish pattern shows a neckline at the $180 mark. The crucial daily EMAs maintain a falling trend in a bearish alignment, with the 50-day EMA, is providing resistance to the reversal rally. Hence, a breakout of the EMA will result in a price jump to the 200-day EMA. MACD Indicator: The fast and slow lines undermine a bullish crossover attempt to continue the downtrend further and approach the zero line. Moreover, the bearish histograms continue the downtrend reflecting a surge in underlying bearishness. RSI Indicator: The RSI slope shows a sideways trend while breaching the halfway line multiple times to jump within bullish and bearish territories. ...

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