Kusama (KSM) Remains Consistent Shows Drastic Leap! - Kakiforex.com - Financial Market Media No. 1 in the World Kusama (KSM) Remains Consistent Shows Drastic Leap! Kusama (KSM) Remains Consistent Shows Drastic Leap!
InstaForex

September 4, 2021

Kusama (KSM) Remains Consistent Shows Drastic Leap!

 Kusama, which serves as the polkadot canary network, was developed by a team that created Polkadot, a company called Parity Technologies.


At the end of August, Kusama had witnessed a drastic price movement, producing a 42% jump reaching a high of $ 421.


However, Kusama was seen still maintaining consistent price movements until the opening of the September trading session, producing a 13% jump until today's trading session.


The results of the surge have been driven by several factors namely the ‘Parachains slot auction’ available in the Polkadot ecosystem.


In the meantime, let's take a closer look at the current movement chart of the KSM/USDT price.


KSM is seen still maintaining positive price movement and has made the latest high of $ 431 recorded in the last few hours.



From a technical point of view, the price movement is seen to be showing a bullish trend and is testing the resistance zone around $ 420.


Crypto analysts expect, if the price movement remains with a bullish trend, the price movement will break the $ 420 resistance zone and make the latest highs in a row.


Meanwhile, if the price movement shows a bearish trend again, the RBS zone (resistance become support) will be tested first before continuing the decline to lower levels.


At the time of writing, KSM/USDT is trading at $ 420 with a jump of over 4% in the last 24 hours.