KSM Readies for Another Breakout Attempt

Valdrin Tahiri

Tue, Sep 7, 2021, 2:18 PM1 min read

BeInCrypto –

Kusama (KSM) has broken out from a long-term descending resistance line, but has yet to move above the 0.618 Fib retracement resistance level at $440.

Despite the rejection, the token is following an ascending support line and trading above short-term support. Therefore, the bullish structure is still intact.

KSM breaks out

KSM had been decreasing alongside a descending resistance line since May 18. At the time, it was trading at $625, which is still the all-time high price.

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KSM Readies for Another Breakout Attempt

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