$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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