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KSM / TETHER Standard Futures

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KSMUSDT.PS trade ideas

KSM Jumps From $520.0, May Fall BackKSM price traded at $526.12 with a loss of 2.57% in the last 24-hour and 16.41% up in the weekly time-frame. Furthermore, Kusama price jumps from the support of $520.0. In contrast, the market capitalization stands at $4.47 billion. Technically, investors can perceive a positive crossover in SMA, and the price is fighting to sustain above the 21-SMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the support of $520.0 in future trading sessions. Resistance: $570.0 Support: $520.0
Short
by tcr_thecoinrepublic
KSM: utility and governance goldKUSAMA KSM, the official test net of Polkadot is one of the most fundamentally strong projects in crypto. (research why yourself) With the launch of their parachains and full testnet we basically see a roll out of Polkadot v1.0 with numerous clients and partners. Although it is a testnet; it does offer the full Polkadot feature set and is the first one to launch innovations... LONG TERM The governance / utility token KSM is an amazing scarce asset with great token economics (most of them released) and is still undervalued in marketcap. By the end of the year I expect Kusama to be between a 15 and 20bn marketcap, but even more is possible depending on adoption. Long term KSM tokens will be like governance gold and I expect Polkadot and Kusama to play a major role in Web 3.0, Defi and intra-chain connectivity. I definitely see KSM and DOT both respectively push projects like ADA, THETA , DOGE, BCH, LUNA and LTC from the top spots. TOKEN ECONOMICS Market Cap: $4,155,693,549 24 Hour Trading Vol: $548,112,535 24h Low / 24h High: $413.74 / $501.87 Circulating Supply: 8,980,098 / 10,000,000 Fully Diluted Valuation: $4,627,670,561 Max Supply: 10,000,000 MID / SHORT TERM In the mid / short term we can see more growth for KSM and I see Kusama outperfom BTC, ETH and other major alts for the next 4 to 6 weeks - with a price target of 600$ (+30%) in that same time.
Long
by cryptobullethbtcxlm
2
KSM// Ascending ChannelKSM has been in this ascending channel for the past month, and is arguably one of the relatively less correlated tokens in response to previous BTC drops. KSM has also been very popular among the Crypto community. I believe its apart of the Polkadot Ecosystem, dyor. From a technical standpoint this would be a great time to re-enter or add positions. Price had a strong bullish impulse and high volume candles rejecting the bottom of the trend-line. Reasons not to enter...yet: 1. In previous TL touches, price has tested the area multiple times before appreciating. 2. Looking at my previously drawn Fibs from the start of the month, Price is between -27 and -61%, a safe area to enter would be after a strong close above and support above -61%. While it may cut potential profits...preservation of capital to trade another day. 3.We had a series of strong bearish high volume candles. Many short term buyers are probably thinking of taking profit. Let me hear your thoughts, previous Kusama analysis linked.
Long
by N0ST0PL0SS
4
KSM/USD - Over $450! Can we still go higher?If you check my old KSM chart when we were under $100 I predicted $450 as a key target... now we are here. Impressive run from KSM. As you can see we also find ourselves in a massive ascending channel (in blue) and if that is to be taken for granted, there is still room to go up until we hit its top resistance at around $800. For that to happen we need to break this local resistance we find ourselves under right now. If we fail and fall below the yellow parabola, then KSM may take a break and consolidate like it did in late Feb/early March before a renewed push. KSM is a strong coin and performer. Well played if you entered early. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
by DU09