$KSM
USDT Technical Analysis: Price Retracement & Key Targets
The KSM/USDT pair has recently seen a pullback, currently trading at $38.72, down -18.76% in the last 24 hours. With the price showing signs of a downtrend, let's analyze potential target levels.
Key Technical Indicators:
EMA(7): 39.45
EMA(25): 40.12
EMA(99): 40.29
These EMAs indicate the price is trading below the short-term and medium-term averages, suggesting possible continued bearish momentum unless a recovery is seen.
3 Key Price Targets for KSM/USDT:
1. Target 1: $40.00
Reasoning: The price has recently encountered resistance around $40.12. A break above this level could signal a potential reversal or recovery to higher levels.
2. Target 2: $41.00
Reasoning: A further rise above $40 could lead to the next resistance at $41.00, where the price might face significant selling pressure.
3. Target 3: $42.00
Reasoning: If bullish momentum continues, $42.00 could be the next major target, aligning with previous price highs and psychological resistance.
Support Levels to Watch:
Support 1: $37.73 – Recent low that may act as a strong support.
Support 2: $37.48 – Key area to watch if the price continues to dip.
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