KSM Technical Analysis: Bullish Pattern Aims $300

The KSM coin price experiences a rise in demand near the $150 mark resulting in a morning star pattern to reverse the downtrend. Key technical points: The coin price challenges the 50-day EMA. The KSM coin price has jumped 6.17% in the last 24 hours. Finally, the 24-hour trading volume of Kusama is $85.35 Million, marking a 40.50% rise. Past Performance of KSM KSM coin price failed to surpass the $200 mark as it formed an evening star pattern resulting in a freefall to the $150 mark, accounting for a 25% drop. However, the buyers stepping in at the psychological support level fuels the bullish momentum with a morning star pattern and challenges the bearish engulfing candle formed on April 11th. Source-Tradingview KSM Technical Analysis KSM coin price shows an inverted and head shoulder pattern forming that the reversal rally from $150 might complete shortly. The neckline at $200 will provide an immense supply inflow to keep the bulls within the pattern. The crucial daily EMAs maintain a bearish alignment with a negative trend in the daily chart providing dynamic resistance at multiple levels. Hence, the inverted head and shoulder breakout demands the breakout of the 50 and 100-day EMA. RSI Indicator: The RSI slope regains the bullish momentum with a sharp V-shaped reversal after entering the nearly oversold zone. However, the RSI values are yet to surpass the halfway and the 14-day average line to provide a bullish signal. MAC...