๐ธKSM/USDT๐ฐ
๐ฅAnalysis:๐ฅ
๐Price Momentum:๐ KSM is showing a massive increase of nearly 60% over the past 24 hours, pushing its price closer to the $50+ range. The price is currently below its 7-day moving average of $44.94, indicating some short-term consolidation or potential resistance.
๐ฅSupport and Resistance:๐ฅ
๐Resistance:๐ The 24h high of $53.50 serves as the immediate resistance. If broken, the next move could push towards higher levels.
๐ฐSupport:๐ฐ $40.88 (25-day MA) and $26.32 (99-day MA) are key support levels to watch in case of a pullback.
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๐ฅTrading Strategy:๐ฅ
๐Short-term Traders:๐ Watch for a potential retest of the $44.94 area (7-day MA). If it breaks above, further gains could push toward the $53.50 resistance.
Swing Traders: Look for buying opportunities near $40.88 (25-day MA) with a target towards $50-$53. Keep an eye on the $26.32 support in case of a broader market correction.
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๐ธMarket Sentiment:๐ธ
KSM is in a strong bullish trend, with its price increasing significantly over the past 24 hours. The token is showing strong momentum, though short-term consolidation near the $40-$45 range might occur. Traders should monitor resistance at $53.50 while managing risks with the 25-day and 99-day MAs as key support levels.
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