The chart above depicts the breakout of a descending triangle pattern on the price chart of Kusama (KSM) against USDT. After a prolonged downtrend, Kusama formed a descending triangle with a downward sloping resistance line and a stable support zone. Currently, the price of KSM has broken through the resistance line of this triangle, indicating a positive signal for a potential upward reversal.
After the breakout, the price is in the process of retesting the former resistance zone to confirm this breakout. If the price holds above the new support zone and continues the upward trend, expected profits could reach over 60%, with the next resistance levels around $33.83, $40.17, and higher at $51.77. These signals indicate strong growth potential for KSM in the near future.
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This is not investment advice and disclaims all liability. Please consider carefully before investing.
