Over the past 4 hours, Kusama (KSM) has experienced notable fluctuations in the market, reflecting its volatile nature. Currently, KSM is trading around $46.85 USDT, marking an increase of approximately 42.81% in the last 24 hours. This surge is part of a larger upward trend observed over the past week, where KSM gained over 67%.
At the technical level, KSM is showing mixed signals. The 4-hour chart displays a breakout from a triangle pattern, which typically indicates potential downward momentum, suggesting traders should be cautious. Meanwhile, on a broader scale, KSM's price is riding high on bullish sentiment following a significant price rebound from lows of $13.85 just a few months ago.
Despite the short-term market fluctuations, KSM has posted impressive gains of 172.60% over the past month, making it a standout performer in the broader crypto space. If the momentum continues, we could see the price continue to rise towards resistance levels, though caution is advised due to the volatile nature of the asset.
